Change of ownership Technomed

December 22nd, 2016

I am very pleased to announce that the Technomed group of companies has been acquired by Telegraph Hill Partners (THP), a group of experienced healthcare investors based in San Francisco, from its original owner, Roel Paes.

Technomed has been founded 36 years ago by John Paes and has for the last 8 years been owned by his son Roel. The business has grown steadily over that period and Technomed is a trusted and successful supplier of products that connect patients to medical devices in the fields of neurophysiology and patient monitoring. THP became interested in this area of business following its acquisition in 2015 of The Magstim Company Ltd, a UK company which is specialized in transcranial magnetic stimulation but also manufactures devices for intra-operative monitoring and is one of Technomed’s largest customers.

Following an approach from THP, Roel Paes and the management of Technomed concluded that a change of ownership would give Technomed greater opportunities to develop its product portfolio and grow its business, while also setting Roel free to pursue his own business interests in other areas. We are enormously grateful to Roel and the Paes family for all they have done to create and build the business and for giving us the opportunity to take it forward.

Roel and I believe we have found an ideal strategic partner and growth-focused shareholder in Telegraph Hill Partners. We are very enthusiastic about the vision, expertise and experience that they bring to Technomed. We are also excited by the potential which the change of ownership brings for us to grow our intra-operative and neuro-monitoring businesses.

Technomed will continue its business as usual, with all its customers and suppliers. I will remain as CEO and the management team will be the same apart from Roel Paes, who is leaving the company. The Board of Technomed, consisting of Jan Keltjens, Henk Lenoir and John Paes, has approved this change and has released its membership. Jan Keltjens who joined the Board in 2013 will be joining the Board of the THP-owned US Holding Company for Technomed and Magstim. We are looking forward to continue working with all our partners to further grow our business together in the future.

Please feel free to contact me if you would like to discuss this development further.

Yours sincerely
Alexander Ummels
CEO Technomed

Telegraph Hill Partners is a private equity firm dedicated to helping life science, medical device and healthcare companies achieve their growth objectives. Experienced teams of THP work together with their companies to drive growth and profitability while maintaining the vision and integrity of the organization. THP is head-quartered in San Francisco USA.