Paris, October 5, 2020 – UGGC Avocats, a leading business law firm, assisted the French leader in medical devices, Innothera, in its acquisition on September 30, of the Gibaud company from the Icelandic group Össur, one of the world leaders in orthopaedics.
Created in 1913, the Innothera Group is a century-old, family-owned and independent French healthcare mid-cap company. Led since 1986 by Arnaud Gobet, grandson of the founder, the group has achieved strategic diversification through sustained internal, external and international growth. The Innothera Group develops, produces, and promotes drugs and medical devices organized into five therapeutic areas: venous disease, gynecology, nutritional deficiencies, infectious diseases and hospital hygiene.
The Gibaud company, a pioneer in orthopaedics and podiatry for 130 years, develops and distributes orthopaedic care solutions complementary to medicines, intended for healthcare professionals: pharmacies, orthopaedic surgeons and hospitals.
This acquisition is in line with Innothera’s ambition to strengthen the group’s national and international presence in the medical device market and thus reach a turnover of 150 million euros by 2025.
The UGGC Avocats team that assisted the Innothera Group in this transaction included :
- Ali Bougrine (partner), Louise Dombey (associate) and Muriel Bernardin (associate) on the corporate aspects;
- Jennifer Carrel (partner) and François Marteau (associate) in employment law.
Other advisors involved in the transaction
BERRYLAW advised the Össur Group with Delphine Bariani (partner) and Marie Gabiano (associate) on the corporate matters and Etienne Pujol (partner) in employment law.
About UGGC Avocats
Created in 1993, UGGC Avocats is one of the leading independent business law firms in France. Operating alongside private companies, public entities and individuals, it has a rich range of legal and tax services and a very large capacity for international operations, thanks to its offices or first-class desks in Europe (Paris, Marseille and Brussels), Africa (Casablanca), Asia (Shanghai and Hong Kong) and South America (Sao Paulo and Belo Horizonte). Positioned as a “firm of Clients”, it bases its approach on the ability of its departments to work transversally and to deploy, according to their needs, a complete range of expertise. UGGC Avocats is made up of more than 150 lawyers and attorneys, including some thirty partners; in 2019, its turnover was approximately 32 million euros.