Advisory business facilitates acquisition

CARDIFF-BASED Greenaway Scott has facilitated the acquisition of an international medical device company helping to create a significant new presence in the global maternity industry.

The business advisory firm has supported American medical device company Clinical Innovations in its acquisition of German developer Brenner Medical GmbH.

The deal, completed via Clinical Innovations Europe, will see the labour and delivery-focussed equipment business expand on its international presence to help support more expectant mothers across Europe.

Thanks to the deal, Clinical Innovations will also be able to capitalise on the extensive gynecology product network developed by Brenner, and broaden its commercial reach to enjoy further success across the industry.

Matt Sutton, director of corporate at Greenaway Scott, which specialises in supporting companies in the science, technology, pharmaceutical and IT sectors, headed an international team of advisors along with Dr Steffen Fritzsche, of Gruendelpartner.

On the deal Mr Sutton said: “Greenaway Scott was pleased to assist in the acquisition of Brenner Medical GmbH by Clinical Innovations Europe.

“The acquisition, which we worked alongside Gruendelpartner on, was carried out extremely effectively and efficiently to ensure the best outcome for both businesses.

“This is an intelligent move by Clinical Innovations which will enable them to grow and expand across Europe and the global medical community.

“We wish them every success as they go forward with the growing business.”