Kartesia finances acquisition of MBL by MidEuropa

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has provided a senior financing solution to support MidEuropa (the “Sponsor”) in its acquisition of contract development manufacturing organisation (“CDMO”) MBL (“the Company”).

MBL is a leading CDMO for mobility devices, such as wheelchairs and rollators, serving rehabilitation and age care purposes. Headquartered in Denmark, the Company operates a global platform with production facilities in Europe and Asia, including a major footprint in Poland. MBL is renowned for its strong R&D capabilities, broad product portfolio and high-quality products. Its global customer base includes leading blue-chip mobility device OEMs.

The financing solution has been provided from Kartesia’s Senior Opportunities strategy and represents another milestone in the expansion of Kartesia’s lending presence in the Polish market, managed by the investment team in Munich. The financing will be used to fund the acquisition and future growth of MBL. The deal team at Kartesia comprised Benjamin Schall, Nico Wellm and Marvin Knopp.

Nico Wellm, Investment Manager at Kartesia, commented: “We are delighted to continue the strong momentum of our DACH and CEE-focused business through another transaction with a strong Polish angle, further strengthening our position as one of the leading pan-European investors present in Central and Eastern Europe. Having already partnered with MidEuropa on previous investments, we were very pleased to strengthen our relationship and provide financing to support the growth of MBL, which has proven itself to be a market-leading CDMO for the mobility device sector. We look forward to supporting MBL’s continued growth alongside a strong management team and Sponsor.”

Rustam Kurmakaev, Principal at MidEuropa, added: “The investment in MBL marks an important milestone for MidEuropa. We want to thank Kartesia for their ongoing support, the flexible financing solution that addressed the complexities of the cross-border deal, and collaborative work throughout the process. The Kartesia team is well-versed in working with this type of business and have once again proven their understanding of the Polish market. Our trusted relationship and Kartesia’s entrepreneurial thinking will allow us to drive continued growth at the Company. We are excited about MBL’s future and continued international expansion.”