Indiba, the therapy and physical recovery company used by tennis player Rafa Nadal, owned by Magnum Capital, has been acquired by the Italian private equity fund Charme Capital Partners together with the Spanish investment group Miura Partners, according to market sources familiar with the transaction.
After this transaction, the Spanish company has reached a valuation of 150 million euros. The sale of the company comes four years after Magnum Capital took control of the medical equipment manufacturer. Indiba’s valuation in 2018 was between €55 million and €65 million.
Indiba was incorporated in the early 1980s in Barcelona and, over the years, has placed itself among the most prominent companies in the research, manufacturing, and distribution of medical and beauty devices. Pulsed light, cryotherapy, cavitation, and pressotherapy are only a few of the technologies used in their machines. But above all, it stands out for being the company that invented the first radiofrequency for diathermy treatments.
Diathermy is a technique that consists of the transmission of high-frequency current to the interior of the body tissue, which achieves stimulation of the molecules and an increase in the temperature of the tissues. Thanks to this thermal effect, it is possible to treat an infinite number of pathologies. With its innovative technology based on the 448 kHz frequency, Indiba helps people to improve their lives and recover faster from injuries.
Today, its technology is used by a large number of professional athletes to recover from their physical efforts. In addition to Rafa Nadal, tennis player Garbiñe Muguruza, MotoGP riders Aleix Espargaró and Alex Rins, use the Barcelona-based company’s products.
Indiba’s products and processes are certified by ISO 13485, CE, CE 1434 and authorized by the FDA. Indiba achieved a turnover of €40 million in 2021, after billing €22 million in 2020. The company has a presence in more than 65 countries and has subsidiaries in France, Italy, the United States, and the United Kingdom as well as strategic alliances with local partners in Asia.
