10 Dec 2025

Mayer Brown Advises Charterhouse on Investment in Winback

"Mayer Brown advised Charterhouse Capital Partners on the structuring of its acquisition of French medtech Winback. Charterhouse will partner with Winback management, which will reinvest significantly, while minority investor CAPZA will exit. Winback is a Biarritz-based leader in TECAR, radiofrequency, cryotherapy, compression and digital services."

Mayer Brown advised Charterhouse Capital Partners on the structuring of its acquisition of Winback, with CAPZA exiting as a minority shareholder and Winback's management reinvesting significantly in the company. The transaction concerns Charterhouse's investment in Winback, a French medical-technology company founded in 2013 and headquartered in Biarritz. Winback specialises in TECAR and radiofrequency, cryotherapy, compression systems and digital service solutions used in physiotherapy, sports medicine, chronic pain treatment, women's health and aesthetic care. The company operates an integrated value chain and supplies technology to more than 15,000 clinics and practices across 55 countries. Charterhouse, one of Europe's oldest private equity firms, will support Winback's next stage of international growth alongside the existing management team. CAPZA, which has been a minority shareholder since 2021, will exit as part of the transaction. Charterhouse has recently made other health-sector investments, including in Metrodora and in the expansion of Novétude Group as a pan-European training platform for healthcare professions. Mayer Brown represented client Charterhouse Capital Partners with a team composed by: Laurent Borey (partner, tax and structuring), Nicolas Danan (partner, tax and structuring), Florian de Vienne (associate, tax and structuring) and Juliette Dubar (legal counsel, tax and structuring).
Read the full story

Register for free to access daily news.

Register Free
We use cookies to improve your experience, analyze traffic, and serve targeted ads. Read our Cookie Policy.

Cookie Preferences

Customize your cookie settings. Necessary cookies are always enabled.

Strictly Necessary

Required for the website to function (e.g. login, security).

Analytics & Statistics

Help us understand how visitors interact with the website.

Marketing & Ads

Used to deliver relevant ads and track effectiveness.