Trimb and Avista Capital Partners form strategic partnership
Trimb Healthcare AB (“Trimb”) and Avista Capital Partners (“Avista”), a leading private equity firm, today announced that Avista is partnering with the company’s founders and management, as well as its current venture capital investor, HealthCap, to build Trimb into a leading OTC and consumer healthcare company. Avista has made a significant capital commitment to accelerate Trimb’s growth and fund strategic acquisitions within the consumer healthcare industry.
“We are excited to be partnering with Avista. They have a well-earned reputation as world-class investors in the healthcare industry. Together we can accelerate Trimb’s growth in Europe, both organically and through acquisitions. I look forward to working with Avista and their team to support these efforts,” said Magnus Kamryd, CEO of Trimb.
In connection with this partnership, several OTC and consumer healthcare experts will be teaming up with Trimb. Håkan Björklund, a healthcare industry executive at Avista and the former CEO of Nycomed, will become Chairman of the Trimb Board of Directors. Robert O’Neil, also a healthcare industry executive at Avista and the former Worldwide Vice President of Business Development for Johnson & Johnson’s Consumer Group of Companies, will join the Board as well.
Mr. Björklund commented, “We are thrilled to be working with the Trimb team. Trimb’s management has an exceptional track record of building companies with strong organic growth combined with smart product development and value creating acquisitions. I look forward to once again being part of building a new OTC and consumer healthcare company.”
For more information, please contact:
Anders Larnholt, VP M&A Trimb Email: email@example.com
Phone: +46 76 677 64 95
Trimb Healthcare AB
Trimb is a rapidly growing pharmaceutical company based in Stockholm, Sweden. Our management team shares a long track record of building successful brands across Europe. Our experience and competencies span all regulatory classes and most therapy fields relevant to consumer healthcare. Trimb has its own go-to-market organization in Northern Europe. In addition, select products are sold internationally through distributors.
Avista Capital Partners
Avista Capital Partners is a leading private equity firm with approximately $6 billion under management and offices in New York, Houston and London. Founded in 2005, Avista makes controlling or influential minority investments in growth-oriented energy, healthcare and communications & media businesses. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses.
HealthCap is a family of multi stage venture capital funds, investing globally in life sciences. The firm has raised more than EUR 900 million since 1996, making HealthCap one of the largest specialized providers of venture capital within life sciences in Europe. For more information, visit www.healthcap.eu.