Auxilium

Crédit Mutuel Equity (Schweiz), together with private investors, acquires a minority stake in the German healthcare group Auxilium. The investment company Crédit Mutuel Equity intends to further support the development of the Group, which has demonstrated a real know-how in making acquisitions across Germany. Despite of its exit, btov Partners, an investor from the very beginning, will remain in close contact with the company thanks to its own network of private investors.

The Auxilium Group is one of the largest full-range suppliers of medical aids and orthopaedic products in Germany. After a series of acquisitions, the company currently employs approximately 1,600 employees and is present in more than 60 locations in nine German federal states.

In the medium-term, Auxilium intends to develop a nationwide structure in the German market for medical aids. The objective is to supply customers with a comprehensive range of products and services throughout the country. The company is currently present in the north, the middle and the east of the country.

Crédit Mutuel Equity, through its Swiss subsidiary (formerly CIC Capital) supports the build-up and growth strategy of the Auxilium Group. Thomas Bitzi, Investment Director at Crédit Mutuel Equity, comments on the latest transaction:

"As new shareholders of the Auxilium Group, we are proud to actively contribute to Auxilium's growth story and to support management in the further promising consolidation process of its market."

Günther Charton, CEO of the Auxilium Group, explains: "Over the last ten years, the management team and our investors have built one of the leading suppliers in the medical aids market. We foresee further growth potential and are striving for a nationwide coverage with first-class service and innovative products. With Crédit Mutuel Equity, we have a well-funded minority shareholder with a long-term focus on our side who supports us, together with the other shareholders, in the implementation of our strategy."

Christian Schütz of btov Partners says: "The Auxilium Group has become one of the largest health care companies in Germany, it's very impressive. We are pleased to support the company for the next growth phase via our investors network."

For further information please contact:

Günther Charton, CEO
Auxilium GmbH
Am Lichtbogen 55
45141 Essen
E-Mail: info@auxiliumgruppe.de
Phone: +49 201 82050-669

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