Announced
Completed
Financials
Sources
Tags
Romania
hearing aids
laryngology devices
Medical Equipment
Acquisition
Cross Border
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
Value4Capital, a lower mid-market Polish and central European buy-out manager, completed the acquisition of Clarfon, a Romanian company retailing hearing aids, laryngology devices and accessories. Financial terms were not disclosed. "Partnering with V4C comes as both a natural and significant step for me and the company I’ve helped build. We have the ambition to significantly increase the presence of Clarfon throughout Romania and improve access to a better and active lifestyle for our increasingly aging population. Bringing in a strong financial partner at this stage will allow us to pursue opportunities for market consolidation and provide Clarfon access to additional financial resources and expertise, while maintaining the independence of our business to offer our clients the choice of the best products available on the market today," Ionut Stefănescu, Clarfon General Manager.
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