Philadelphia, Pennsylvania – Plexus Ventures is pleased to announce it served as advisor to YouMedical BV shareholders in the company’s sale to Trimb Healthcare. Signing occurred on August 27, 2015, with completion expected during September.
Plexus Ventures’ President, Bob Moran noted:
“Working with an exquisitely talented YouMedical management team and a supportive private equity fund investor in Karmijn Kapitaal, Plexus Ventures brought YouMedical, an innovative medical device and OTC company, to the attention of firms which could accelerate its growth. Trimb Healthcare, founded by former Meda executives, whom we have known for more than 10 years, seemed to us to be an excellent partner for YouMedical. We are happy for all involved.”
Dutch Private Equity Fund Karmijn Kapitaal invested in YouMedical in December 2012, to support further internationalization and product development. This is the first exit for Karmijn Fund I and partner Cilian Jansen Verplanke noted:
“We are proud that we have had the opportunity to work with YouMedical over the past years, and we have seen the company and its energetic employees develop quickly during that period. The company develops leading brands with innovative solutions that are important for many consumers. We see this as a result of the cooperation between management and shareholders and of the clear strategy that was set out in the beginning of our investment period. We are convinced that YouMedical will further flourish and is in good hands with Trimb.”
Trimb Healthcare CEO, Magnus Kamryd stated:
“Our ambition is to build a leading international OTC company, and this acquisition represents another important step toward that goal. YouMedical gives us stronger North European OTC platform, from which we intend to roll out our pipeline and pursue other strategic acquisitions. In addition to strengthening our geographic marketing platform, YouMedical enhances our regulatory and development capabilities. We are delighted to welcome the YouMedical team and look forward to growing our businesses together.”