Grant Thornton advises Shareholders of Insitumed GmbH Insitumed GmbH has been sold to Key Surgical

August 2019
Adviser to Insitumed on their sale to Key Surgical
Grant Thornton team
Private sector healthcare
Sell side
Corporate finance
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We are delighted to have advised the shareholders of Insitumed GmbH on their sale to Key Surgical.

Hamburg based Insitumed GmbH is a market leading provider of endoscopy accessories and consumables with over 4,000 products in stock. Highly regarded for its innovative customer-centric product development, Insitumed has strong relationships with hospital-based endoscopy departments and office-based practices across Central Europe. 

Key Surgical, a portfolio company of the strategic private equity investor Water Street Healthcare Partners LLC, is a leading global provider of sterile processing and operating theatre supplies focused on improving patient safety and surgical outcomes. 

We advised the shareholders of Insitumed GmbH on the initiation, preparation and execution of the transaction. Our involvement covered all components of the M&A process, including the identification of prospective key strategic buyers, deal negotiations, management of the due diligence process and support during the legal drafting and completion processes. 

The shareholders of Insitumed entered into negotiations with Key Surgical in April 2019 with the deal exchanging in July 2019 and completing in August 2019. The acquisition will broaden Key Surgical’s portfolio of endoscopy products and increase its global footprint. 

Utilising our international network and drawing on specific sector knowledge enabled a focused pool of strategic buyers to be quickly identified and contacted. 

Through driving a process with a high degree of competitive tension we were able to ensure that the Shareholders objectives could be met in delivering a high-quality transaction with a strategic buyer in Key Surgical.

During the whole transaction process Mike, Toby and Tom, provided us with high quality advice and support as well as showing an exceptional commitment to the process. We are delighted with the outcome and to have worked with a highly motivated and ambitious team that were able to drive the transaction to a successful conclusion.
Wolfgang Drews Managing Director, Insitumed GmbH