Charme Capital Partners and Miura Capital completed the acquisition of Indiba from Magnum for $113m.

Charme Capital Partners, a private equity firm, and Miura Capital, an investment company, completed the acquisition of Indiba, a company which specialising in the design, manufacture and distribution of products and devices for use by medical, physiotherapy, from Magnum, an investment company, for $113m. "We invested heavily in market expansion, marketing infrastructure, regulatory, medical and operation teams to strengthening INDIBA’s core product line. The time is right to move into the next phase of our long-term growth strategy alongside new partners. During the next few months, we will remain focused on serving our customers. I look forward to joining the Charme and Miura leadership teams team to strengthen our businesses together. We will now have the ability to reach a new, diversified market of customers and expand our portfolio¨ he added," Remco Schmitz, Indiba CEO.