And I don't want to write too much about it. Do you know what I mean?
'Boss.'
What?
'Just go straight to the voices. There are five of them!'
Ha, ha, ha! Well, that's what attracted me to the email, Voice. How often do we get that many voices?
'God, I don't know. Not often. Let's do them!'
Okay. Here we go -
Florian Luther, Partner and Head of Astorg Mid-Cap Germany comments: "This is Astorg Mid-Cap's first investment in Germany and, after the investment of our flagship fund Astorg VIII into Corden Pharma last year, the second transaction of Astorg in Germany since we opened our Frankfurt office in 2022. We are pleased to partner with the management team for the next stage of growth. Over the last decade, they have transformed hg into a customer-centric and solution-driven organization with outstanding engineering capabilities and manufacturing excellence."
That's not too bad. Thanks, Florian.
Edouard? See if you can follow that ...
Edouard Pillot, Managing Partner and Co-Head of Astorg Mid-Cap adds: "Hg medical will be a terrific addition to Astorg's portfolio and a great fit with our Healthcare strategy focused on MedTech, Pharma Services and Life Science Tools. It is Astorg Mid-Cap's second investment in Healthcare and it will benefit from Astorg's experience in CDMO as well as our broader MedTech ecosystem. Hg medical's contribution to people's well-being is also in line with Astorg's impact commitment, one of our four sustainability pillars. We look forward to working with Craig and Johannes to scale hg's platform across the most attractive and demanding orthopaedic applications."
These guys have got sustainability pillows, Voice.
'Amazing!'
Anyway ...
Andre Seidel, Partner of NORD says: "We are extremely proud and impressed by the development of hg medical over the last years. The NORD Holding healthcare team, NORD Holding operations team and management took hg medical to the next level by enhancing financial transparency, optimizing processes and increasing production capacity for future growth. We are also very happy as hg medical was one of our first investments based on our dedicated healthcare sector approach."
Fair enough.
Johannes?
Johannes Hagenmeyer, CEO and founder of hg medical says: "I would like to thank NORD Holding for their significant contribution to help establish hg medical as a leading contract manufacturer in extremities and spine. In line with our succession planning and the years spent preparing, Craig Bluett will take over as CEO while I move into an Advisory Board role. As an advisor I will be available to offer my support, guidance, and experience, whenever needed as the company continues its remarkable growth trajectory. Astorg aligns perfectly with hg medical's vision: become the reference high quality contract manufacturer for orthopaedic and trauma implants for extremities and spine. To say I am beyond proud to have Astorg on hg's side now would be an understatement."
Extremities and spine ... I just ... never mind.
We've got one more voice. And then we can forget all about it, all the medical stuff.
Craig Bluett, COO of hg medical says: "I am very grateful for the trust placed in me by both Johannes and Astorg. It is a privilege and responsibility I take extremely seriously as I accept the role of CEO, to fulfil our goal of becoming the world's premier contract manufacturer of orthopaedic implants for the extremities and spinal sectors. Astorg will be the perfect partner for hg medical as we continue to evolve and expand both our capabilities and capacities, to support our customers and continue to increase value-add."
Okay.
'He's the coo, boss! Well, he was.'
Whatever.
ENDS
ENDS
ENDS
...
Anything else?
No.
'No other stuff, boss?'
Like what?
'Er ...'
You see, Voice, you can't think of anything.
'I don't get paid enough for thinking of anything.'
Maybe you should join Lucky then. Maybe he needs an assistant for his PDF business.
'Ha!'
Yeah, yeah.
