Space Orion has sold its 46% stake in Adler Ortho S.p.A. to Andera Partners, marking a strategic move to enhance the company's international growth in the orthopedic device market.

Target Information

Space Orion announces the sale of its 46% stake in Adler Ortho S.p.A., an Italian company renowned for the development, production, and commercialization of high-tech orthopedic implants and bioabsorbable products, to Andera Partners, a leading European private equity firm. The investment in Adler Ortho, made entirely through a capital increase in 2020, marked the inaugural investment by the Space Capital Club, which focuses on supporting the growth of exceptional Italian SMEs.

Adler Ortho was founded over 20 years ago by the Cremascoli family, boasting more than 50 years of experience in the orthopedic sector. The company is recognized for its ability to support complex clinical applications such as revisions, massive reconstruction, and customized implants, utilizing additive manufacturing technologies. Over the years, the Group has successfully expanded into international markets and stands out for its portfolio of innovative products for complex interventions, exceptional service, and strong collaboration with the international medical community.

Industry Overview in Italy

The orthopedic device industry in Italy is characterized by innovation and a strong emphasis on research and development, which has enabled companies like Adler Ortho to thrive. With a history of high-quality manufacturing and a focus on advanced technologie