In a recent news release, Sunrise Medical announced its upcoming acquisition by Equistone Partners Europe by year-end 2012. The Fresno, Calif-company reportedly entered into a definitive agreement on November 5 to sell its global mobility and seating business to funds advised by affiliates of Equistone Partners Europe (“Equistone”).
Thomas Rossnagel, Sunrise Medical CEO, articulates the company’s excitement “to take Sunrise Medical to the next level of performance and significantly expand our global business with the support of new resources from Equistone Partners Europe.”
Dirk Schekerka, managing director of Equistone Partners Europe in Germany, echoes Rossnagel’s sentiment, adding, “We are looking at an exciting market with high potential for further development. Together with the company’s excellent management team, we look forward to supporting Sunrise Medical’s next stage of growth.”
Source: Sunrise Medical