SALE OF SHARES FORMMED

Deal Announcement

DEAL ANNOUNCEMENT | OX8 CORPORATE FINANCE ACTS AS EXCLUSIVE ADVISOR TO THE SHAREHOLDER OF FORMMED HEALTHCARE AG ON THE INVESTMENT BY AVEDON CAPITAL PARTNERS

Aschaffenburg / Frankfurt am Main / Düsseldorf, 29 July 2022

ox8 Corporate Finance exclusively advised the shareholder of FormMed HealthCare AG (“FormMed”) on the investment by Avedon Capital Partners (“Avedon”). FormMed is a leading developer and supplier of micronutrients for therapeutic use. The founder Dr. Martin Lemperle will retain a significant stake in the company and will actively shape its further development.

When founding FormMed in 1996, Dr. Martin Lemperle already aimed to provide his patients with high-quality orthomolecular supplements at an affordable price. Through ongoing product innovations and strict focus on quality control “Made in Germany”, the company became a market leader and well-known brand among medical professionals and patients. After more than 25 years of evidence-based research and development, FormMed offers the largest, modular micronutrient concept on the German market with over 400 supplements, enabling more than 4,000 doctors and therapists to compose individual therapy concepts.

Together with Avedon, FormMed seeks to further accelerate growth in Germany and internationalize to selected European core markets. This includes the focused expansion of the product portfolio, the further development of the organization as well as cooperation with selected distribution partners.

Philip Fischer, Investment Director Avedon: “We believe that FormMed is superior to most competitors due to its unique go-to-market model via loyal partners. We believe that the ongoing trust and support of doctors and therapists is a strong foundation on which the company can take further growth steps beyond its current limits.”

Dr. Martin Lemperle, Founder Shareholder of FormMed: “For me as a founder, it was equally important to sustain the entrepreneurial spirit in the company as well as finding a partner that understands the specifics of our industry. With Avedon, we believe to have found a professional partner that will support FormMed to grow in a sustainable way while keeping the company culture and spirit intact.

A special thank you to ox8 Corporate Finance for the highly professional preparation of the data and documentation as well as the excellent management of the entire transaction process. The team spirit, the extraordinary expertise as well as the permanent availability were fundamental building blocks for this successful closing. Prior to the process, I was not even remotely aware of the effort and competencies required for such a transaction.”

About FormMed (www.formmed.de)

Founded in 1996, FormMed is a leading developer and supplier of micronutrition for therapeutic use based in Frankfurt am Main, Germany. The company provides the largest range of supplements in the micronutrition space tailored to the specific needs of medical professionals and their patients. The modular product range includes indication-specific- and active ingredient micronutrients and enables medical professionals to recommend entire supplement treatment concepts, according to their patients need, at an affordable price. The company fulfills the highest quality and purity standards in the market, “Made in Germany”.

About Avedon (www.avedoncapital.com)

Avedon Capital Partners is a mid-cap focused private equity firm based in Düsseldorf and Amsterdam supporting management teams, families, and entrepreneurs of niche market leaders to become global champions. Avedon’s investment focus is the DACH region and Benelux as well as the Smart Industries, Consumer & Health, Software & Technology and Business Services sectors.

About ox8 Corporate Finance (www.ox8-cf.com)

ox8 Corporate Finance is an independent corporate finance boutique founded in 2018 by experienced M&A specialists. Corporate finance advisory services are offered with a focus on M&A as well as Growth Capital in the Software/ Saas, Digital Commerce, Technology/ IT services and Healthcare sectors. The team has an excellent international network to financial investors and strategic buyers. ox8 Corporate Finance has offices in Frankfurt am Main and Aschaffenburg.