Prim has acquired a minority in Scient’x

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Clearwater Advisor

Clearwater International has advised Prim Group on the €2m acquisition of a 1.7% stake of Scient’x. The acquisition was completed in July 2008.

Prim Group is a Spanish multinational manufacturer of orthopedic, medical, and surgical equipment, listed on the Spanish Stock Exchange with a market capitalization circa €110 million.

Scient’x  is a medical device company which develops and provides spinal products for implantation and disorder treatments, with revenues of €21 million and an EBITDA margin close to 2.4% in 2008.