Client Story
hg medical
hg medical is a vertically integrated contract manufacturer for orthopedic implants which supports large medical technology companies in the technical implementation of product innovations, development services and individual customer solutions.
Within a competitive M&A process, hg medical group was up for sale by the former shareholders with hg Darco Group LLC as the former majority shareholder. We were mandated to structure the financing solution and to manage a competitive debt financing process in order to secure optimal financing conditions for the transaction.
Debt and Capital Advisory
Healthcare and Life Sciences
Key Results
Optimal acquisition financing conditions
during a competitive financing process secured.
Future organic and inorganic growth
of hg medical group enabled.
Successful acquisition
of hg medical group by Nord Holding during a competitive M&A process.
Scroll down
The challenge
- Within a competitive M&A process hg medical group was up for sale by the former shareholders with hg Darco Group LLC as the former majority shareholder.
- Within the transaction the German hg medical GmbH and US based hg medical LLC have jointly been sold as hg medical group, now majority-owned by Nord Holding and its related funds.
- Due to the competitive and short-timed M&A process and the cross- border business model of the group with significant US sales, demands for an optimal acquisition financing solution were complex.
- Therefore, we were mandated to structure the financing solution and to manage a competitive debt financing process in order to secure optimal financing conditions for the transaction.
The solution
- Structured an optimal acquisition financing solution and managed competitive debt financing process.
- Ensured financing solution is well-fitted to business model.
- Lender education and management of due diligence process to ensure bankable due diligence reports, tailor-made to specific needs of acquisition lenders.
- Secured financing in a short-timed process, meeting tough timelines.
- Provided a competitive edge to Nord Holding during acquisition process by best-market terms financing package, enabling Nord Holding to in turn provide most attractive acquisition bid during M&A process.
They have played a vital role in providing a tailored financing solution in a complex cross-border transaction. We have been very pleased with the ongoing support and deep expertise the team has showcased throughout the entire, tight-knit process. We want to thank the team and are looking forward to future engagements.Member of the Investment Committee of hg medical
Passion for resultsWhat our
client says
Expertise we provided
Ready for tomorrow?Get in touch and see how our team can help you.
What's new?You might also be interested in...
Deal Announcement
Fortlane Partners advised Orlando Capital with a Commercial Due Diligence on the acquisition of Trans Europa Express Holding AG (TEX)
Funds managed by Orlando Capital GmbH have acquired Trans Europa Express Holding AG (TEX), a leading independent European provider of rail infrastructure and railway services, from Ufenau IV German Asset Light, SLP, a fund exclusively advised by Ufenau Capital Partners AG.Fortlane Partners advised Orlando Capital with a Commercial Due Diligence on the acquisition of TEX, covering an assessment of the business model, market dynamics, competitive positioning, and the business plan.This project reflects Fortlane Partners' deep sector expertise and extensive experience in Mobility, Transportation, Rail and Infrastructure, providing an in-depth understanding of the European rail services industry.About Trans Europa Express Holding AG (TEX)Headquartered in Freienbach, Switzerland, TEX has established itself over recent years as a market-leading independent European platform for rail infrastructure and railway services. Today, the company operates across Germany, Switzerland, Austria, the Netherlands, and Belgium, supporting leading infrastructure operators, passenger and freight rail companies, as well as industrial clients with a comprehensive service portfolio spanning the entire rail value chain.A particular focus lies on the continued expansion of the rail infrastructure services segment, where TEX has built a leading market position in signaling and safety systems as well as other specialized rail infrastructure services over many years. The company benefits from long-term structural growth drivers and is ideally positioned to capitalize on these developments through its strong technical expertise, long-standing customer relationships, and existing framework agreements.In addition to the infrastructure segment, TEX’s operating and training business represents another key pillar of the Group. TEX provides cross-border railway operations services as well as unique international training and qualification programs for rail professionals. With one of the largest independent train drivers platforms in the German-speaking region, the company is exceptionally well positioned to benefit from increasing demand for skilled labor and the growing internationalization of European rail transport.About Orlando Capital GmbHOrlando Capital is a private equity firm with over 25 years of experience in the investment business. The company specializes in corporate acquisitions in complex situations and supports mid-market companies in the German-speaking and Nordic regions. With more than 85 completed transactions, Orlando has profound expertise in the strategic and operational development of portfolio companies.About Fortlane PartnersFortlane Partners is a leading European advisory firm specializing in strategy, M&A, and transformation. With an integrated advisory approach, Fortlane Partners combines management consulting and corporate finance expertise to help businesses successfully shape their future.
Insight
Brochure
Industrial Tech M&A Snapshot May 2026
The Industrial Tech M&A market in Europe is holding at an elevated level – with financial investors gaining prominence and domestic deals now accounting for the majority of transactions. Robotics valuations expanded to up to 6.0x EV/Sales driven by Physical AI momentum; Industrial Software multiples moderated to 13.5x EV/EBITDA. This snapshot by Oliver Grigat and the Fortlane Partners Industrial Tech M&A team covers key transactions – from KKR/Spectris (€5.6bn) and SoftBank/ABB Robotics (€4.6bn) to structural drivers including AI-driven industrial automation, cobot adoption amid labor shortages, and green automation across the DACH market.
Insight
Study
Patterns over Averages
From Averages to Reliable Ranges in Liquidity Planning. Companies often still manage their liquidity based on averages, thereby systematically underestimating the uncertainty in cash flow. However, actual payment behavior often deviates significantly from contractual assumptions and is a key driver of forecasting errors. This whitepaper shows how process mining and AI close this gap: By analyzing real transaction data, reliable payment profiles and forecast ranges are generated instead of static point values. This enables companies to manage their liquidity in a significantly more transparent, precise, and risk-adjusted manner while simultaneously gaining new insights for optimizing their working capital.