Novo Holdings Teams Up with TA Associates for Growth Boost
Investment to Propel Biocomposites' Growth
Recent developments in the investment landscape highlight the partnership between Novo Holdings and TA Associates, aimed at significantly advancing Biocomposites' global reach and innovation in infection management products.
Strategic Partnership Overview
Novo Holdings has finalized an agreement to invest in Biocomposites, an international leader in medical devices focused on infection management in bone and soft tissue. This move is expected to bolster the company's capacity to innovate and expand, creating new opportunities for growth.
TA Associates, a significant shareholder of Biocomposites since 2017, is maintaining its commitment by also reinvesting alongside Novo Holdings and the company's management team. This collaboration establishes shared control over Biocomposites, positioning both investors at the helm of its strategic direction.
Biocomposites: A Leader in Infection Management
Headquartered in Keele, UK, Biocomposites specializes in pioneering calcium compounds and specialized polymer products. Their flagship product, STIMULAN, is a unique calcium matrix carrier platform, recognized globally for its effectiveness in transporting antibiotics to both infected and non-infected areas of bone and soft tissue.
With over three decades of expertise, Biocomposites' innovative solutions are integral to more than one million medical procedures each year, addressing diverse areas such as orthopaedics, trauma, musculoskeletal infections, spine care, and sports medicine. The company's exceptional growth trajectory has seen revenues triple since joining forces with TA.
Recent Achievements
Biocomposites has not only expanded its geographical footprint but has also diversified its product range through strategic acquisitions, entering new therapeutic areas. The collaboration with Novo Holdings and TA Associates is set to amplify this momentum further.
Statements from Leadership
Henrik Kjær Hansen, Senior Partner at Novo Holdings, expressed excitement about the partnership, stating that Biocomposites' innovative approach aligns with their life sciences investment philosophy. He emphasized their commitment to supporting the company’s growth, focusing on improving patient outcomes globally.
Michael Harris, CEO of Biocomposites, remarked on the validation this investment signifies for the company, highlighting the exceptional opportunity to lead the infection management sector with a cutting-edge product lineup.
The Role of TA Associates
Birker Bahnsen, Managing Director at TA, noted the successful trajectory Biocomposites has followed. He emphasized their capability to scale operations while diversifying their offerings, which is essential in meeting an evolving market demand.
Financial Details and Advisors
While the financial specifics of the transaction remain confidential, it's clear that the involvement of seasoned advisors like Jefferies International Limited, Goodwin Procter LLP, and Kirkland & Ellis illustrates the strategic significance of this investment.
About Biocomposites
Biocomposites stands at the forefront of infection control in surgical applications, developing innovative medical products that aid in bone regeneration and mitigate infection risks. Their presence extends globally across key markets, ensuring that their solutions are available to healthcare professionals in over 100 countries.
About Novo Holdings
As the investment arm of the Novo Nordisk Foundation, Novo Holdings manages a portfolio aimed at enhancing healthcare and societal sustainability. With a strong focus on long-term returns, they invest in various life science ventures and oversee a vast array of assets.
About TA Associates
TA Associates is dedicated to empowering growth in established, profitable companies across a range of sectors. With decades of experience and substantial capital raised, TA continues to partner with management teams to cultivate long-term value and business success.
Frequently Asked Questions
What is the focus of Biocomposites?
Biocomposites specializes in developing medical devices for infection management in bone and soft tissue.
How long has TA Associates been involved with Biocomposites?
TA Associates has been a majority shareholder since 2017 and continues to support the company's growth through reinvestment.
What is the significance of the investment from Novo Holdings?
The investment is aimed at enhancing Biocomposites' international expansion and product innovation, positioning the company for significant growth.
Where are Biocomposites' products used?
Their products are utilized in over one million medical procedures annually, covering specialties in orthopaedics, trauma, and sports injuries.
What does Novo Holdings aim to achieve with their investment?
Novo Holdings seeks to advance innovative solutions in infection management and improve patient outcomes globally through their investment strategies.
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