New acquisition in the Emergency Medical Service sector: Protect Medical is now the owner of Promeba, Spencer Italia, and Söhngen Group.
Frankfurt am Main, July 2022 – Protect Medical, the holding company set up by Borromin Capital Fund IV in June 2019 to acquire companies from the Emergency Medical Services (EMS) sector, has announced the acquisition of Productos Metálicos del Bages, SL (Promeba) on 15th July 2022. After the acquisition of Söhngen Group in June 2019 and Spencer Italia in April 2020, the acquisition of Promeba marks another important step in Protect Medical’s strategic growth and expansion plan. “The acquisition of Promeba broadens the business activities of Protect Medical both geographically as well as in terms of its product range and customer base. It will also strengthen its market position and provide additional production capacities to meet the increasing demand for products from the EMS sector” Martin Franke, Partner at Borromin, says.
Christoph Hirschmann, CEO of Protect Medical, explains that “the company (Promeba) fits very well with our strategy to build a leading first aid and EMS full-service provider through organic growth and acquisitions”. Antonio Ciardella, CEO of Spencer Italia, adds: “I have known the Promeba team and future managing director, Laura Castell, for many years, and I’m looking forward to working with them. For the first time ever, two manufacturers from the European EMS industry are joining forces to develop stronger synergies both in sales and production”.
The history of Promeba
Originally founded in 1993 by Mr. Antonio de Miguel, Promeba has evolved into a reputable developer, manufacturer, and supplier of EMS products. The product portfolio comprises ambulance benches, stretchers, and chairs as well as further emergency equipment products. The company is headquartered in Sallent, near Barcelona, and offers its customers individual and innovative products with high functionality and reliability.
The history of Borromin Capital Fund
Borromin is an independent private equity company focusing on medium-size businesses within German-speaking Europe and Benelux countries. Funds initiated and advised by Borromin invest in mid-sized companies providing equity for succession issues, management buy-outs, and also providing capital for growth opportunities. Borromin was founded in 2001 and follows a successful, value-oriented strategy of investments in profitable companies in various sectors. Borromin Capital Fund IV (Borromin Capital Fund IV SCS, SICAV-RAIF) benefits from the financial backing of the European Union under the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.