Montagu Aims to Create a Leading Medical Devices Supplier Through Strategic Merger
Montagu, a prominent investment firm, has announced plans to form a top-tier medical device supplier by facilitating the merger of three companies: Tyber Medical, Intech, and Resolve Surgical Technologies.
In this deal, Montagu has signed an agreement to acquire Tyber Medical, a forward-thinking company that specializes in developing and manufacturing medical devices on a private label basis for med-tech original equipment manufacturers (OEMs).
The merger will combine Tyber Medical with Montagu’s current investments in Resolve, a well-known provider of contract design, manufacturing, and lifecycle management services, and Intech, recognized for its expertise in co-developing and manufacturing complex orthopedic surgical devices. This integration is expected to undergo customary regulatory approvals and will enhance the capabilities of the combined company.
Once completed, this new entity will provide an exceptional mix of advanced technologies and significant manufacturing capabilities. This will help OEM customers reduce the time it takes to bring products to market while also strengthening their supply chains.
The newly formed entity will focus on supplying systems for various specialties, including Spine, Trauma, Extremities, Sports Medicine, and Enabling Technologies. There are also plans to extend its innovative model into new markets, helping to accelerate advancements in medical technology and improve patient care worldwide.
Jeff Tyber, Founder and CEO of Tyber Medical, expressed enthusiasm about the merger: “Our history of launching products globally in just 12 months has changed how our partners grow their portfolios. This merger combines the strengths of Intech and Resolve’s expertise, allowing us to aim higher in our mission. We are excited to partner with Montagu as we work together to create a strong player in the industry.”
Laurent Pruvost, President and CEO of Intech, also welcomed the merger: “This is a key moment for us, as it enhances our ability to support medical technology companies around the globe. By merging Intech’s manufacturing capabilities with the tailored solutions offered by Resolve and Tyber, we’ll become the top choice for industry partners.”
Megan Osorio, President and CEO of Resolve, highlighted the importance of innovation: “It’s essential for our OEM customers to bring new products to market quickly and with high quality. By joining forces, we can better support their growth in orthopedic implants and instruments, leveraging the combined knowledge of our teams and manufacturing strengths.”
Adrien Sassi, Partner at Montagu, stated: “We are proud to support the creation of this world-class medical device platform. All three companies share a dedication to providing innovative, high-quality solutions to OEMs, surgeons, and patients. We look forward to working closely with Jeff Tyber and his skilled team, as well as continuing our successful partnership with Intech and Resolve.”
Financial and legal advice for the transaction was provided by Houlihan Lokey, Dechert LLP, and Weil Gotshal & Manges, respectively.
