Shearman & Sterling advised Hamburg Commercial Bank (HCOB) and Oldenburgische Landesbank (OLB) as super senior lenders on the financing of the acquisition of Ondal Medical Systems (Ondal), a leading Original Design Manufacturer (ODM) of medical pendant systems by IK Investment. The seller is Capvis, a leading mid-cap investor.
Headquartered in Hünfeld, Ondal was founded in 1945 and is one of the world's leading developer and manufacturer of medical pendant systems that facilitate movement, support loads and supply medical equipment with light, gas or data.
IK Investment Partners (IK) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies.