3i backed Q Holding to acquire Degania Silicone

November 28th 2016 – Q Holding announced today that it has entered into an agreement to purchase Degania Silicone Ltd. (“Degania”), a leading international manufacturer of medical catheters. Q Holding is acquiring Degania from Viola Growth (formerly Viola Private Equity), Kibbutz Degania Bet and Israel Growth Investors.

Degania represents a transformative acquisition for Q Holding, creating a market-leading medical device and component manufacturer offering complete flexible technology solutions for healthcare applications. With over $85m in revenue the acquisition more than doubles Q Holding's medical sales. Degania produces critical end products that are used on a daily basis in healthcare settings in applications such as cardiology, general surgery and drug delivery. Degania employs c. 1,700 globally and has R&D and manufacturing facilities in Israel, India, France and Slovakia.

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