FX SOLUTIONS acquired by EKKIO Capital
«The expertise of Potomac Transactions in the orthopedic sector was highly valuable in the acquisition of FX Solutions. Potomac quickly had a clear understanding of the key elements of the transaction in order to help us to negotiate and successfully acquire FX Solutions»
Jean-Marc Sceo, CEO of Ekkio Capital
FX Solutions is a French orthopedic OEM founded in 2010 by Jean Jacques Martin and dedicated to shoulder implants. Already the second player in the highly competitive French market, FX Solutions is well recognized for its innovative shoulder implants portfolio
In 2017, an auction process was initiated by the main shareholder. Potomac was instructed by Ekkio Capital on the acquisition and financing of the transaction
Together Ekkio Capital and Potomac were able to build an attractive offer for all the parties, enabling Ekkio Capital to acquire the Company in 2018 alongside management, with the strategy of replicating the current success in the US. The US is an attractive market but complex to get into. However, after a year it is already a success.
- In 2018, revenues of €16 million
- 30% of the business in the US
- Second player in France and outstanding growth in the US