Ergon Capital completed the acquisition of a majority stake in Palex Medical from Corpfin Capital at a €150m valuation.

Ergon Capital completed the acquisition of a majority stake in Palex Medical, the largest distributor of high value-added MedTech equipment and solutions for public and private hospitals and laboratories in Spain and Portugal, from Corpfin Capital at a €150m valuation. "Palex is the leading platform of MedTech equipment in Spain counting with long-lasting tradition and excellent reputation across public and private clients. The Company operates in an attractive market with clear supportive underlying trends which will likely further underpin Palex’s leadership," Emanuele Lembo, Ergon Managing Partner.