• Investors acquire major holding in Bıçakcılar

News & Views

Investors acquire major holding in Bıçakcılar

May 02 2011

Global Capital Management Ltd, the alternative asset management arm of Global Investment House (Global), announced that its Global Buyout Fund has successfully acquired 80% of Bıçakcılar Tıbbi Cihazlar A.Ş. and its group of companies (Bıçakcılar), leading manufacturers of medical equipment and disposables, and distributor of cardiovascular and neurosurgery products in Turkey. Bıçakcılar, said to be the largest manufacturer of I.V. cannula in the Middle East and Eastern Europe and the second largest manufacturer of catheters in Europe, exports its products to more than 70 countries. Exports grew at a CAGR of 20.1% between 2005 and 2008, whereas the Turkish medical disposables grew at a CAGR of 13.0% during the same period. The Group’s manufacturing practices are in compliance with GMP and Medical Device Directives of the European Union and the products are certified by TUV NORD, thus bear the CE label.

On the imported and distributed products side, the Group is a significant distributor of global medical products brands such as St. Jude, Sorin Group, Medtronics, Serres and CryoLife.

Mr. Ferhat Bıçakcı said, that the partnership represents: “a crucial step towards improving Bıçakcılar’s corporate structure and realising our plans for global competitiveness. Global Capital Management’s support, and the trust they have in us will provide us with the means to expand further in the global arena and replicate our success in the Turkish market and international markets.”


Digital Edition

LMUK 49.7 Nov 2024

November 2024

News - Research & Events News   - News & Views Articles - They’re burning the labs... Spotlight Features - Incubators, Freezers & Cooling Equipment - Pumps, Valves & Liquid Hand...

View all digital editions

Events

MEDICA 2024

Nov 11 2024 Dusseldorf, Germany

FILTECH

Nov 12 2024 Cologne, Germany

Intech

Nov 12 2024 Tel Aviv, Israel

analytica China

Nov 18 2024 Shanghai, China

Pharma Asia

Nov 20 2024 Karachi, Pakistan

View all events