# Astorg Mid-Cap acquires majority stake in hg medical

Astorg Mid-Cap signed an agreement to acquire a majority stake in hg medical, a manufacturer of orthopaedic implants, from NORD Holding. hg medical has facilities in Germany and the USA.

- Type: Acquisition
- Announced: 2023-05-05
- Where: Raisting, Germany
- Status: announced
- Products: orthopaedic implants
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Astorg](https://endata.com/companies/3555.md) (acquirer)
- [Nord Holding](https://endata.com/companies/7054.md) (partner)
- [HG Medical USA](https://endata.com/companies/56822.md) (target)
- [hg medical](https://endata.com/companies/70130.md) (target)

## Sources

- [astorg.com](https://www.astorg.com/news/healthcare/astorg-mid-cap-acquires-a-majority-stake-in-hg-medical), 2023-05-05: "This is Astorg Mid-Cap’s first investment in Germany and, after the investment of our flagship fund Astorg VIII into Corden Pharma last year, the second transaction of Astorg in Germany since we opened our Frankfurt office in 2022."
- [hg-medical.de](https://hg-medical.de/en/big-news-at-hg-medical/), 2023-05-22: "Together with ASTORG, hg will make the next bold steps to become the wold leading contract manufacturer for extremity and spine implants."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.