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Weinberg Capital Partners acquires a majority stake in Amplitude Group
Weinberg Capital Partners has acquired a majority stake in Groupe Amplitude alongside its current shareholders, founders Olivier Jallabert and Bruno Saint Paul, and Initiative & Finance.
Founded in 1997, Groupe Amplitude has posted rapid growth. The French leader in its market, the company offers a full range of hip and knee implants as well as Amplivision, a cutting-edge navigation system for orthopaedic surgery.
Amplitude expects to post 2008 revenue of about 30 million euros and has about 60 employees. France represents two-thirds of its revenue. The Group is present in 25 countries.
Operating on a growing market, Amplitude is positioned as a strong European alternative to the major American players in its field.
The group’s products are sold to clinics and hospitals through a dedicated salesforce in France and through distributors in international markets.
Henri Gagnaire, a partner at Weinberg Capital Partners, declared: “Our investment in Groupe Amplitude – Weinberg Capital Partner’s sixth transaction – presents all the characteristics that we are seeking: a company whose products are recognized for their quality, boasting first-class management and teams, and with strong growth potential, notably outside of France. We are delighted to be investing alongside its founders and current shareholders in order to allow Groupe Amplitude to seize development opportunities on growing markets.
Olivier Jallabert and Bruno Saint Paul, the two managing directors of Groupe Amplitude, declared: “We are thrilled to welcome Weinberg Capital Partners among Amplitude’s shareholders. WCP is the ideal partner to allow Amplitude to step up its development. Their support will allow us to enrich our offering of innovative products and accelerate Amplitude’s growth and international expansion."
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