Lafayette Mittelstand Capital Acquires Leading Medical Aid Supplier Bischoff & Bischoff, Targeting Growth in Aging Population Market
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Karlsbad (Baden-Württemberg), Germany, February 5, 2023 – Lafayette Mittelstand Capital, a leading European private equity firm focused on mid-market investments, today announced the acquisition of a majority stake in Bischoff & Bischoff Medizin- & Rehabilitationstechnik GmbH ("B&B"), a renowned manufacturer of medical aids with over 20 years of experience.
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Key strengths of B&B:
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Market leader: €27 million revenue, established player with a strong team of 60+ industry experts.
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Diversified product portfolio: Wheelchairs (manual and electric), mobility scooters, walking aids, and daily living aids, with wheelchairs exceeding 50% of sales.
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Innovation focus: Dedicated administration building and innovation center near Stuttgart fuel continuous product development.
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Significant growth potential: Market driven by demographics, with the over-60 population expected to reach 40% in Germany by 2060, creating a €9.9 billion market for medical aids, of which B&B targets the €954 million mobility product segment, forecast to grow to €1.1 billion by 2025.
Lafayette's partnership strategy:
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Operational excellence: Support B&B's management in optimizing production and supply chain efficiency to become best-in-class.
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Sales growth: Drive sales efforts towards high-margin products and explore new market opportunities.
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Buy & build: Leverage B&B as a platform for strategic acquisitions, accelerating profitability growth in the medical and healthcare market.
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"B&B's strong market position, experienced team, and commitment to innovation make it an ideal platform for growth," said Lafayette Mittelstand Capital. "We are excited to partner with the B&B team to capitalize on the demographic tailwinds and expand their market share."
"Thomas Bischoff, Founder and CEO of B&B, added, "Lafayette's expertise and resources will be instrumental in achieving our ambitious growth plans. We are confident that this partnership will create significant value for all stakeholders"
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