Business Irish

Saturday 1 October 2016

Permira eyes sale of Creganna

Manuel Baigorri

Published 02/02/2016 | 02:30

Creganna has specialised solely in medical devices since 2003. Picture posed
Creganna has specialised solely in medical devices since 2003. Picture posed

Private-equity firm Permira Advisers is exploring the sale of its Galway-based medical technology company Creganna Medical in a deal that could fetch €600m to €1bn.

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The sale has attracted interest from companies in Creganna's industry as well as other buyout firms. Piper Jaffray is advising Permira on the sale process, they said.

A representative for Permira declined to comment. A spokesman for Piper Jaffray had no immediate comment.

Founded in Ireland in 1979 as an engineering outsourcing company, Creganna has specialised solely in medical devices since 2003, the company said on its website.

Permira acquired Creganna in 2010 in a transaction that valued the company at €223m. (Bloomberg)

Irish Independent

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