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SHS Newsletter – To open this newsletter in your browser, please click here.
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August 2019
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Dear Sir or Madam,
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A digital dental implant? That doesn't make any sense, you may think. You can find out why it does in fact make so much sense in this edition of our newsletter, because the SHS portfolio company TRI recently presented this innovation in Cologne.
The Swiss medical technology company AOT, in which SHS has been invested since 2014, reached a particularly important milestone. For the first time, a bone incision was performed during an operation using a robot-controlled laser.
SHS is growing and we are therefore seeking new team members. We would be particularly pleased to hear from more women applicants. Dörte Höppner explains what can make the private equity and venture capital sector interesting for women. She is one of the initiators of the Level20 initiative, which aims to increase the proportion of women in the investment industry.
We also recently completed the third investment transaction from our fifth fund. The intelligent adaptors produced by Betterguards add joint protection features to medical technology and sports products.
Further transactions are currently being prepared and we will be happy to keep you up to date.
I hope you enjoy reading our newsletter!
Kind regards,
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Hubertus Leonhardt
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Topics
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The neurotransmitters of the national economy
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SHS invests in Berlin-based joint protection expert Betterguards
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c-LEcta: from R&D to product company
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TRI strengthens its management team and presents the world's first digital implant
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AOT announces First-In-Man Clinical Use of the CARLO® Device
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Leugon®: AMW sells leuprorelin implant in Germany
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medigroba receives top employer award
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Business angel investments in the healthcare market
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Jobs at Portfolio companies
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The neurotransmitters of the national economy |
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Dörte Höppner served as Managing Director of the industry association BVK and is a member of the board of directors of Invest Europe. |
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The Level20 initiative aims to attract more women to top positions in the private investment industry. Last year, the programme was also launched in Germany. In this article Dörte Höppner, one of the initiators, explains why private equity and venture capital is a fascinating industry - not only, but especially for women.
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SHS invests in Berlin-based joint protection expert Betterguards |
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Betterguards adaptor for integration in B2B partner products |
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With its fifth fund (SHS V), SHS has invested a mid single-digit million amount in Betterguards Technology GmbH. Founded in 2014 and headquartered in Berlin with a production facility in Brandenburg, the company develops and produces intelligent components (so-called adaptors) that can be integrated into sports shoes, bandages or safety footwear by B2B partners. This unique feature serves to protect wearers against joint injuries.
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KEYFACTS |
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Year established: 2015
Business purpose: Development and production of intelligent components (adaptors) that can be integrated, for example, into sports shoes, bandages or industrial safety shoes of B2B partners
Products: Adaptors as "safety belts" for joints
Location: Berlin (D) |
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c-LEcta: from R&D to product company |
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Since last year, the biotech research company c-LEcta has increasingly focused on the development and marketing of its own products and cooperations with leading partners including BASF and Henkel. The enzymes of the Leipzig-based SHS portfolio company are used in numerous areas, from food production to fine chemicals and pharmaceuticals.
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KEYFACTS |
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Year established: 2004
Business purpose: Development, optimization and production of high-quality enzymes and microbial strains for industrial biotechnology applications in food, feed, pharma and chemistry
Products: Industrial enzymes: for food and animal feed and for the optimized production of pharmaceuticals; biochemicals: food & feed supplements, APIs, monomers
Location: Leipzig (D) |
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TRI strengthens its management team and presents the world's first digital implant |
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New CEO at TRI: Dr. Stefan Hund |
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Strategy and sales expert Dr. Stefan Hund is succeeding Tobias Richter as CEO at TRI. Richter will continue to serve as Chairman of the implant manufacturer's Board of Directors. In March TRI presented a revolutionary digital implant – a world premiere!
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KEYFACTS |
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Year established: 2010
Business purpose: Development, production and commercialization of implants and implant-related products for the dental market
Products: Product lines TRI Vent/TRI Narrow/TRI Octa, TRI prosthetic portfolio (notably abutments), TRI surgery KIT, TRI®+ Digital Solutions
Location: Baar (CH) |
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AOT announces First-In-Man Clinical Use of the CARLO® Device |
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The Swiss SHS portfolio company AOT today announced the First-In-Man clinical use of the CARLO® device at the University Hospital Basel. CARLO® was utilized during the performance of a midface osteotomy. For the first time, the cut of human bone was performed with a robotic laser osteotome instead of a conventional tool, such as a saw.
AOT is the first company worldwide to develop a surgical robotic platform, named CARLO®, to cut bone with a ‘cold’ photoablation laser, leaving bone structures intact and vital. In 2014 German medical technology investor SHS invested in the company. Since then, SHS has also supported AOT with its extensive expertise regarding regulatory issues and product launches in the healthcare sector.
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CARLO® is the world's first robot that can cut bone contact-free with cold laser technology. |
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KEYFACTS |
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Year established: 2012
Business purpose: Development, production and marketing of computer-assisted laser systems for bone surgery
Product: CARLO (Cold Ablation Robot-guided Laser Osteotome) surgery system
Location: Basel (CH) |
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Leugon®: AMW sells leuprorelin implant in Germany |
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The leuprorelin implant is administered using a syringe |
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As the only generic brand worldwide that is comparable to the original product, AMW's 3-month leuprorelin implant is now also available directly in Germany and can be placed right under the skin using the innovative AMW applicator.
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KEYFACTS |
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Year established: 2008
Business purpose: Development, production and marketing / out-licensing of specialty pharmaceuticals (drug delivery systems)
Products: Transdermal systems (drug patches) and active implants for medical applications in oncology, neurology, psychiatry and endocrinology
Location: Warngau (D) |
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medigroba receives top employer award |
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medigroba GmbH was the only medical accessories service company to be selected by FOCUS-BUSINESS and Kununu Germany as one of the "Top Employers Among Medium-Sized Businesses in 2019". The management of the SHS portfolio company is pleased with the award and sees this as confirmation of its current focus on growth and its employees.
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The medigroba team in Balingen |
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KEYFACTS |
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Year established: 1975
Business purpose: Care of patients in hospitals, care facilities and practices with assistive and care products
Products: Medical devices (home ventilation/inhalation/drainage/oxygen supply), tracheostoma, wound and ostomy care, enteral nutrition (liquid and enteral feeding), parenteral nutrition and pain therapy, kids care (children's intensive care), incontinence care/care products
Location: Balingen (D) |
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Reinhilde Spatscheck (SHS) and Guntmar Eisen from the recently sold SHS portfolio company EIT at SHS Investors Day |
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With numerous interesting presentations, insight into the development of the SHS portfolio and a varied supporting program, this year's SHS Investors Day in Tübingen inspired both investors and company representatives alike.
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Business angel investments in the healthcare market |
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For years, SHS has maintained good contacts with business angels, who are or would like to be involved in the field of medical technology or diagnostics. If you are interested or have any questions about working with SHS, please do not hesitate to contact us!
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Jobs at Portfolio companies |
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Project Manager Digitalization and Strategic IT Projects (m/f/d)
Read more »
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Senior Business Development Manager (m/f/d)
Read more »
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Business Innovation Associate (m/f/d)
Read more »
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Regulatory Specialist (m/f/d)
Read more »
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Communications Manager (m/f/d)
Read more »
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Marketing Manager & Graphic Designer (f/m/d)
Read more »
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Sales director USA (m/f/d)
Read more »
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Production Engineer/Production Technician (m/f/d)
Read more »
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Production Manager - Manufacturing (m/f/d)
Read more »
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Head of Research and Development (m/f/d)
Read more »
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Field Sales Representative (m/f/d)
Read more »
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Field staff for patient care (m/f/d)
Read more »
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Product Developer Electronics (m/f/d)
Read more »
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Product Developer Software (m/f/d)
Read more »
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Product Developer Mechanics (m/f/d)
Read more »
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Employee production/goods receipt inspection/warehouse (m/f/d)
Read more »
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(Junior) Investment Manager (m/f/d)
Read more »
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Managing Director/MBI candidate (m/f/d) for medical technology, succession solution
Read more »
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Internship for Students
Read more »
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medtech zwo, 12 July 2019: "Mit Laser Knochen schneiden"(cutting bones with lasers) |
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A world premiere in surgery: for the first time, bone was cut without a saw or drill thanks to the robot-supported laser osteotome produced by the SHS portfolio company AOT. |
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Read more » |
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VC-Magazin, 30 June 2019: "Losgelöst von jeglichen Basiskenngrößen" (detached from any basic parameters) |
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Despite high price levels, buyout transactions continue to be highly popular. Several private equity experts, including Hubertus Leonhardt from SHS, explain why this is the case. |
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Read more » |
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WirtschaftsWoche, 14 May 2019: "Betterguards: Millionenfinanzierung für Gelenkschutz-Experten" (Betterguards: millions in financing for joint protection experts) |
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The Betterguards vision consists of preventing ligament tears and joint injuries using smart materials. SHS is the lead investor in the Berlin medical technology start-up. |
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Read more » |
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Investment focus
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Sector: |
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life sciences (medical technology, diagnostics, applied technologies, digital health, industrial biotechnology/pharmaceutical industry; no drug development) |
Geographical Focus: |
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Germany, Austria, Switzerland, Scandinavia, Benelux |
Reasons for investment: |
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growth capital, strengthening equity, MBO/MBI, change of shareholders/succession, M&A financing, spin-off |
Company situation: |
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growth/expansion, succession/company sale, internationalization; operating profit may be negative for growth, or for technology-related reasons |
Transaction value and investment size: |
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transaction value: up to € 100m; investment amount:
€ 2-30m, with a co-investor from the SHS-network up to € 60m |
Investment types: |
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majorities or minorities, equity & financial instruments similar to equity |
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The newsletter is published by SHS Gesellschaft für Beteiligungsmanagement mbH
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Bismarckstrasse 12 | 72072 Tuebingen | Germany | www.shs-capital.eu
Tel +49 7071 9169-0 | Fax +49 7071 9169-190
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Editorial team: SHS Gesellschaft für Beteiligungsmanagement mbH, IWK Communication Partner | Design and technical realisation: UNIBRAND GmbH
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