WHIreland raises £5.5m through an oversubscribed fundraising for Surgical Innovations

WHIreland is delighted to have acted as sole bookrunner to Surgical Innovations Group  plc, the designer and manufacturer of innovative medical technology for minimally invasive surgery, on its fundraising of £5.5 million. The funds are being used in connection with the acquisition of Elemental Healthcare Limited, a UK-based specialist distributor of medical products, which has been the exclusive distributor of SI branded products in the UK since 2007.  

Tim Feather, Corporate Finance Director based in our Leeds office, said: “The acquisition of Elemental by Surgical Innovations is a natural progression from their longstanding distribution relationship. The acquisition significantly increases the scale of the business and demonstrates the exceptional progress made by the SI management team since they took charge in late 2015. We are delighted to have helped the team execute their plans.”