Apax Partners and Fremman Capital to invest in Palex Medical.

Apax Partners, a global private equity advisory firm, and Fremman Capital, a private equity firm in London, agreed to invest in Palex Medical, a provider of medical technology solutions for healthcare professionals. Financial terms were not disclosed. "We couldn’t be happier to be partnering with Xavier and the wider Palex team, along with Fremman Capital. We have long identified the healthcare distribution sector as an ideal intersection between Apax’s deep expertise in MedTech and strong track record of investment in distribution-focused businesses. Throughout our engagement, it became immediately clear to us that Palex is a stand-out operator with the potential to establish itself as a pan-European leader. Palex has consistently outperformed over decades, with an unrivalled reputation and offering, and we look forward to building on this success to date, leveraging our experience and insights to help the team accelerate growth and execute on our joint vision for the future," Frank Ehmer, Apax Partner.