Shearman & Sterling advised the lenders on the acquisition financing of Swiss based MedTech company Ruetschi Technology Holding, by Klingel medical metal group owned by IK Partners’ funds.
Ruetschi Technology Holding is a contract manufacturer for medical devices, with a special focus on sterile packaged single-use procedure kits for orthopedic, spinal and dental surgery. Ruetschi was founded in 1960 and employs more than 200 people at three production sites in Muntelier (Switzerland), Yverdon (Switzerland) and Renquishausen (Germany). Like Klingel, Ruetschi is a leading one-stop store with profound expertise in engineering, product innovation and development, and regulatory requirements. The company operates state-of-the-art machinery and has several top MedTech OEMs as customers.
The acquisition further strengthens Klingel’s leading position as a MedTech CMO in Europe and as a key partner for its global customer base with highest quality requirements.