Astera Legal advised Paragon Partners on the refinancing of Primed Group, a leading medical device manufacturer and supplier of sterile surgical equipment in Germany. The financing will be provided by CAPZA (advised by Goodwin Procter) and Oldenburgische Landesbank (advised by Gütt Olk Feldhaus). In November 2023, Paragon Partners has partnered with Primed Group to support its ongoing growth and expansion, reinforcing its leading position in the market.
Primed Group, known for its high-quality products and services, serves hospitals and medical institutions in more than 60 countries. With Paragon Partners' financial support, the company aims to accelerate its growth trajectory, invest in its product portfolio, and expand its market presence in both existing and new regions.
The partnership with Paragon represents a strategic move for Primed Group to enhance its offerings and build on its strengths as a leader in the medical device sector. The refinancing will enable the company to further optimize its production capabilities and strengthen its infrastructure to meet the growing demand for sterile medical equipment.
Background: Paragon Partners is another high-profile client of Astera Legal. Based in Munich, Paragon is one of the leading private equity firms in the German-speaking region, specializing in partnering with upper mid-sized enterprises to accelerate their growth plans and achieve operational excellence. The mandate from Paragon, as well as the firm's numerous successful transactions in the healthcare sector over the last 12 months, underline Astera Legal's strong market position and expertise in advising private equity clients in complex financial arrangements.
Advisors Paragon Partners
Astera Legal
Claudia Kupka (Transaction Analyst)
Additional Advisors
Goodwin Procter
Winfried Carli (Partner)
Andreas Breu (Counsel)
Jakob Lutzenberger (Associate)
Rina Omura (Transaction Lawyer)
Gütt Olk Feldhaus
Dr Tillmann Gütt (Partner)
Anja Schmidt (Associate)
About Astera Legal
Astera Legal is a high-end boutique law firm specializing in advising on all types of national and international complex financing structures. The experienced team is one of the leading units for acquisition financing in Germany with an excellent track record. Clients include private equity firms, debt funds and financial institutions, as well as nationally and internationally operating companies. With its international network, Astera Legal offers a real alternative to major law firms.
For more information, please visit www.astera-legal.com
Contact Astera Legal
Isabell Hitzer
+49 (0) 89 25003 78-0
isabell.hitzer@astera-legal.com