Adagia Partners completed the acquisition of Technoflex from Crédit Mutuel Equity.

Adagia Partners, a mid-market private equity firm, completed the acquisition of Technoflex, a company specializes in the design and the production of flexible bags and components for injectable solutions, from Crédit Mutuel Equity, the Private Equity branch of Crédit Mutuel Alliance Fédérale. Financial terms were not disclosed. “Technoflex is an exemplary addition to our portfolio, reflecting our investment strategy of partnering with market leaders in the healthcare sector. Positioned on a dynamic market with high entry barriers and secular growth trends, Technoflex is well-positioned to outpace market growth thanks to its leadership position, industrial flexibility, and track record of internal innovation capabilities. We are excited about the opportunities this acquisition brings and are committed to supporting Olivier Chesnoy and his team in realizing their ambitious growth plans,” Sylvain Berger-Duquene, Adagia Partners Co-Founder and Managing Partner.