£16.73m sale of JRI Orthopaedics to AK Medical Holdings
IndustryHealthcare & Education & Life Sciences
BDO acted as lead advisor to Orthopaedic Research UK (ORUK) on its sale of JRI Orthopaedics to AK Medical, a company listed on the Hong Kong Stock Exchange.
ORUK is a charity that funds world-class research into bone and joint disease in collaboration with leading universities, commercial organisations and clinical experts. It wholly owned JRI, which designs, develops and manufactures orthopaedic implants and joint systems.
"This deal is a great outcome for ORUK, which as part of its charitable purpose will continue to invest in exciting research, development and training projects across the industry. AK Medical has acquired an award-winning brand and it is anticipated that JRI will establish a global R&D centre in the UK, which is good news for the region and the wider UK life sciences sector."
Jason Whitworth, Corporate Finance Partner - M&A
“Working with BDO was a real pleasure. We are extremely happy with the advice and support provided and there is no doubt we made the right decision to bring BDO on board. They have delivered exceptional value for the charity."
Robert Vallings, Chairman of the Board, ORUK