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Palex

Palex is the leading Spanish distributor of MedTech equipment and solutions. The company offers a wide product portfolio, primarily distributed under exclusivity contracts, to public and private hospitals.

Objective

Apheon invested in Palex aiming to further build upon the company’s strong positioning as the leading high value-added distributor of MedTech equipment and solutions in Iberia. We identified such market as structurally attractive for nationwide distributors, and, therefore, with ample room for further organic growth and consolidation. In addition, the company has a unique business model combining product diversification, sector-leading service, and continuous R&D. Palex’s high-quality, visionary and extraordinarily committed management team have been a key success factor, and, as such, we worked in creating a trustful and powerful partnership well before investing that still continues today. During our tenure, Palex entered new attractive niches through 8 acquisitions and enhanced its product portfolio from new OEMs. The company also expanded internationally through the transformational acquisition of Gada in Italy, becoming the clear MedTech distribution platform in Southern Europe.

Objective

Apheon invested in Palex aiming to further build upon the company’s strong positioning as the leading high value-added distributor of MedTech equipment and solutions in Iberia. We identified such market as structurally attractive for nationwide distributors, and, therefore, with ample room for further organic growth and consolidation. In addition, the company has a unique business model combining product diversification, sector-leading service, and continuous R&D. Palex’s high-quality, visionary and extraordinarily committed management team have been a key success factor, and, as such, we worked in creating a trustful and powerful partnership well before investing that still continues today. During our tenure, Palex entered new attractive niches through 8 acquisitions and enhanced its product portfolio from new OEMs. The company also expanded internationally through the transformational acquisition of Gada in Italy, becoming the clear MedTech distribution platform in Southern Europe.

ENTRY & EXIT

Feb 2020 / Dec 2023

TREND

COUNTRY

Spain

SECTOR

Healthcare
Key Achievements at Exit
>€2.5bn
SALES
€384m
36
7

EMPLOYEES

800
Key Achievements at Exit
>€2.5bn
SALES
€48m
36
7

EMPLOYEES

380