NEW YORK--(BUSINESS WIRE)--July 09, 2025--
SK Capital Partners, LP ("SK Capital"), a New York-based private
investment firm focused on the specialty materials, ingredients, and
life sciences sectors, today announced that its affiliate has entered
into exclusive negotiations with LISI Group (Euronext: FII) to acquire
LISI Group's Medical division ("Lisi Medical" or the "Company").
The transaction remains subject to the approval of the competent
antitrust authorities, foreign direct investment control authorities and
to the information and consultation processes of the relevant employee
representative bodies in accordance with applicable laws. As such, the
transaction is expected to close in the second half of 2025.
Lisi Medical is a leading MedTech CDMO focused on the production of
high-precision metal components and assemblies serving global medical
device original equipment manufacturers ("OEMs"). The Company's products
include instruments utilized in minimally invasive and robotic-assisted
surgery as well as orthopedic implants. Lisi Medical operates four
manufacturing sites with expertise in precision machining, forging, and
engineering solutions, including highly automated production -- two in
Minnesota, U.S. and two in France.
Josh Lieberman, Principal at SK Capital, commented, "We feel privileged
to partner with LISI Group to acquire Lisi Medical, whose deep
engineering heritage and cutting-edge manufacturing technologies enable
it to serve as a critical solutions provider for the world's largest
MedTech OEM customers. Under LISI Group's ownership, the Company has
made significant investments to increase automation, expand production
capacity, and add capabilities to support the growth of its customers.
We look forward to working with Lisi Medical's management team to
accelerate the Company's growth by expanding with existing and new
customers and continuing to add new capabilities both organically and
through M&A."
Aaron Davenport, Managing Director at SK Capital, added, "Given Lisi
Medical's highly engineered solutions and deep relationships with
leading MedTech customers, the Company fits very well within the SK
Capital portfolio. SK Capital has deep experience in the life sciences
CDMO sector and a long-standing track record of carving out businesses
and establishing them as thriving, independent platforms, and we believe
Lisi Medical represents an attractive opportunity to implement our
transformational growth strategy."
Emmanuel Viellard, CEO of LISI Group, stated, "After 14 years of strong
development and manufacturing consolidation within LISI Group, we are
now looking forward to partner with SK Capital and boost Lisi Medical's
next development phase. Their strong track record in the life sciences
sector and proven experience in France provide the essential strategic
foresight and financial power to support the company going forward. This
will also empower Lisi Medical to expand its offerings and capabilities,
while solidifying its standing as a top-tier partner for leading MedTech
OEMs. We are confident this transaction will be beneficial to all
stakeholders of Lisi Medical, be it employees, clients or suppliers."
Kirkland & Ellis is serving as legal counsel and Piper Sandler & Co.,
Jefferies LLC, and Sycomore Corporate Finance are serving as financial
advisors to SK Capital. Partners Group, acting on behalf of its clients,
provided committed debt financing in support of the transaction.
Rothschild & Co is serving as financial advisor and Dentons is serving
as legal counsel to LISI Group.
About SK Capital
SK Capital is a transformational private investment firm with a
disciplined focus on the specialty materials, ingredients, and life
sciences sectors. The firm seeks to build resilient, sustainable, and
growing businesses that create substantial long-term value. SK Capital
aims to utilize its industry, operating, and investment experience to
identify opportunities to transform businesses into higher performing
organizations with improved strategic positioning, growth, and
profitability, as well as lower operating risk. SK Capital currently has
approximately $10 billion in assets under management as of December 31,
2024. For more information, please visit www.skcapitalpartners.com.
About the LISI Group
LISI is a global industrial group specialising in the manufacture of
high value-added assembly solutions and components for the aerospace,
automotive and medical sectors. As a partner to the world's leading
players and driven by its long-standing family values, LISI innovates
and invests in research and development for the products of tomorrow. to
meet its customers' needs, particularly in terms of quality, safety and
performance. The LISI Group thus sets itself apart by relying on two
strategic pillars: innovation and operational excellence, while
integrating a strong CSR culture. Learn more at www.lisi-group.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250709076615/en/
CONTACT: Jeremy Milner
Gregory FCA
jmilner@gregoryfca.com
(401) 862-9422
(END) Dow Jones Newswires
July 09, 2025 11:49 ET (15:49 GMT)