Swedish firm new owner of Sarnova
Sarnova Holdings, a Dublin-based specialty medical-products distributor that’s been growing through acquisition, has sold a $500 million majority stake to a Swedish private equity firm.
The deal values Sarnova at more than $900 million.
Sarnova was formed in 2008 with the merger of Bound Tree Medical and Trianim Health Services.
The new majority owner is Patricia Industries, which, according to a company statement, invests in “bestin-class companies with strong market positions ... within industries positioned for secular growth.”
It is part of Stockholmbased Investor AB, a 100-year-old firm whose holdings include Ericsson and industrial equipment maker Atlas Copco.