Information on the Target

Founded by Christophe BUEE and Pierre-Nicolas LEBAS, WINBACK designs, manufactures, and distributes innovative medical devices leveraging three non-invasive technologies: TECAR, cryotherapy, and compression. The primary applications of these technologies are therapeutic, particularly in rehabilitation and sports medicine, aimed at alleviating pain, reducing inflammation, and accelerating healing processes to expedite patient mobility recovery.

Through continuous innovation and a strong focus on user experience, supported by the involvement of thousands of therapists through the WINBACK ACADEMY, the company has claimed its position as the global leader in the TECAR technology sector for rehabilitation. Currently, nearly 8,000 therapists utilize WINBACK products, delivering approximately 70,000 treatments daily.

Industry Overview

WINBACK operates within a robust medical technology industry, which is increasingly recognized for its potential to enhance patient outcomes through non-invasive approaches. This market is characterized by its rapid growth, driven by advancing technologies and an increasing focus on preventative care and rehabilitation.

In France, the medical technology sector is particularly vibrant, with a strong emphasis on innovation and research. Investments from both private and public sectors have surged, supporting startups and established companies alike in developing new medical solutions. The integration of technology in healthcare is also fostering collaboration between institutions, enhancing the overall market environment.

Furthermore, the push towards digital health is reshaping traditional practices. Tools that facilitate remote monitoring and telemedicine are gaining traction, reflecting a trend that favorably complements WINBACK’s non-invasive technology offerings. The increasing acceptance of novel therapeutic approaches is paving the way for sustained market growth.

On a global level, the demand for effective rehabilitation solutions remains high, with countries in Asia and America showing significant uptake in medical devices similar to WINBACK's offerings. As the healthcare landscape evolves, there are ample opportunities for expansion, especially for companies that can innovate and meet the varying needs of international markets.

The Rationale Behind the Deal

The partnership with CAPZA marks an important milestone for WINBACK, as the latter seeks to accelerate its international development through targeted acquisitions. This investment not only provides the necessary capital for growth but also grants access to CAPZA’s extensive expertise in nurturing growing SMEs.

Incorporating this strategic support enables WINBACK to further diversify its product offerings while enhancing its operational structure. The collaboration is expected to position WINBACK strongly within the global market, maximizing its potential to capitalize on growth opportunities.

Information About the Investor

CAPZA is a prominent investment firm specializing in growing companies across various sectors. With a focus on enhancing value for SMEs, CAPZA has established a reputation for its strategic investments that drive business growth. They leverage their industry knowledge and extensive network to support portfolio companies in achieving scalability and operational efficiency.

With a minority stake in WINBACK, CAPZA's involvement underlines its commitment to furthering the innovative potential of the company while assisting management in strategic decision-making and operational improvements, paving the way for sustainable growth.

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The investment in WINBACK presents a strong opportunity for both the company and CAPZA. Given WINBACK's established market position and innovative product lineup, the partnership is likely to yield significant returns. The emphasis on TECAR technology and the support from a network of therapists further solidify WINBACK's credibility in the industry.

Moreover, the global demand for rehabilitation technologies is on the rise, reflecting a favorable market environment for WINBACK's expansion plans. CAPZA’s expertise in SMEs provides WINBACK with the guidance necessary to execute strategic acquisitions, enhancing its market share and operational capabilities.

The transaction also supports WINBACK's ambitions, allowing it to leverage new resources for product innovation and market penetration. The founders’ commitment to maintaining a majority stake signals confidence in the company’s future success under this new structure.

In summary, CAPZA's investment in WINBACK not only fosters growth opportunities but also strengthens the latter’s capabilities to navigate the evolving medical technology landscape. This collaboration holds promise for considerable advancements in rehabilitation therapies, making it a strategic and potentially lucrative investment.

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CAPZA

invested in

WINBACK

in 2021

in a Other Private Equity deal

Disclosed details

Revenue: $25M

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