Hygiène Medica

France SC Fund I May 1998
Leading French producer of diapers
Company Name:Hygiène Medica
Date of investment:May 1998
Date of exit:April 1999
Deal Type:LBO, growth
Syntegra Role:Co-lead investor

business description

  • Leading French producer of diapers for incontinent adults
  • In the institutional widely spread and highly fragmented market Hygiène Médica runs 2 plants, the headquarters and production in Montpellier in the south of France and a production plant in Arras in the north of France. With 303 employees, 13 production lines of which 11 lines are dedicated to the production of incontinence products and 2 baby diaper lines Hygiène Médica acquired a wide spread customer portfolio throughout France with 3 internationally recognised brands of incontinence products (Slip-jet, Anaform and Protea)

transaction strategy

  • Hygiène Médica offered an opportunity to benefit from a growing market destined to consolidate in Europe
    • Management team founded the company and consistently outperformed industry growth / margin
    • Consolidate a leadership position in Europe and offer unique access to southern European market to leading players active in hygiene products
  • Hygiène Médica was sold to Ontex in 1999, in 2003 Ontex was bought out by Candover