10 Dec 2025

Moncey Avocats advises CAPZA on sale of its stake in Winback

"Moncey Avocats advised investment firm CAPZA on the sale of its stake in Winback, the French specialist in non‑invasive medical technologies, as Charterhouse Capital Partners entered the company and Winback’s management reinvested. The deal positions Winback for a new phase of international growth."

Moncey Avocats advised CAPZA in the sale of its equity stake in Winback. The transaction involved the entry of Charterhouse Capital Partners into Winback’s share capital, with the operation executed in partnership with Winback’s management, which has made a significant reinvestment. CAPZA, which had invested in Winback in 2021, supported the company through key development stages marked by strong international expansion and diversification of its technological solutions in rehabilitation, sport and aesthetic markets. Founded in 2013 and based in Biarritz, Winback is today a leading global player in TECAR and radiofrequency therapies, cryotherapy, compression systems and digital solutions aimed notably at physiotherapy, sports medicine and women’s health. The new transaction marks a strategic step for the group and positions it to pursue further international growth supported by Charterhouse Capital Partners. Moncey Avocats represented CAPZA with a team composed by: Guillaume Giuliani (partner), Valentin Lefebvre (counsel) and Aloïse Graveraud (attorney) on corporate matters; Jonathan Devillard (counsel), Florana Benabid and Inès Ourabi (attorneys) on financing; Frédéric Bosc (partner) and Loïc Pipaud (attorney) on tax; Camille Cournot (partner) and Alexandra Fabbro (attorney) on employment law.
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