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Charterhouse Capital Invests in French Medtech Winback, Acquiring Stake from Capza

Charterhouse Capital Partners, the European private equity firm, has acquired a majority stake in Winback, a French provider of non-invasive medical and rehabilitation technologies. The deal sees Capza, another French private equity firm, exit its investment in Winback.

The transaction underscores the growing investor appetite for innovative medtech companies that offer advanced solutions in areas like sports recovery and aesthetic treatments. Winback's suite of non-invasive technologies, which include devices for muscle stimulation, pain relief and skin tightening, have gained traction with both healthcare providers and consumers.

"Winback has established itself as a leader in its field, with a strong focus on innovation and a commitment to improving patient outcomes," said a Charterhouse spokesperson. "We see significant potential for the business to expand its global footprint and product portfolio under our ownership."

Terms of the deal were not disclosed, but industry sources familiar with the transaction indicated that Charterhouse acquired a majority stake in Winback. The investment is expected to support Winback's research and development efforts as well as its international expansion plans.

Winback, headquartered near Paris, was founded in 2010 and has grown to become one of the top players in the non-invasive medical technology market in Europe. The company's devices are used by physical therapists, sports medicine clinics, and aesthetic treatment providers.

"This partnership with Charterhouse will allow us to accelerate our growth strategy and bring our innovative solutions to more patients and healthcare providers around the world," said Winback CEO Pierre Dufour.

The medtech sector has been a key focus for private equity firms in recent years, with investors drawn to companies offering differentiated products and services. Charterhouse's investment in Winback follows its 2021 acquisition of a majority stake in Syncron, a cloud-based after-market service management platform.