Bridgepoint Buys France-based Medtech Company Balt
September 28, 2015
Bridgepoint has acquired Balt, a specialist manufacturer of interventional neuro radiology devices used to treat life-threatening conditions such as strokes and aneurysms. Established in 1977, Balt designs, makes and distributes INR devices such as catheters, stents and coils; last year the medtech company produced over 16,000 devices and generated business volumes of €100 million. Debt financing for the acquisition was provided by Bank of Ireland, CIC, HSBC, ING, Natixis and Société Générale.