OURY-GUYE is a century-old company that designs and manufactures high-precision orthopedics and
spine surgical instruments. OURY-GUYE is a member of the French Fab and is a French Living Heritage
Company (E.P.V.). Customers include the largest orthopedics groups in France and beyond.
The transaction marks a new stage for the company founded in 1909. With the support of its new
shareholders, OURY-GUYE's main objective will be to create a center of excellence in orthopedic and
spine instrumentation in France.
Christian Oury, President of OURY-GUYE, stated: "this acquisition is a natural extension of our desire to
continue to offer a strong partnership to our customers. It comes at an important time for our company,
when it is instrumental for its future to unite and perform: OURY-GUYE's DNA. I fully trust the new
shareholders to pursue and succeed in this ambitious project.”
Georges-Alexandre Ancenys, Managing Partner at SPE Capital, commented: "we are delighted to
support the development of OURY-GUYE, a century-old company with strong business expertise, so that
it can further meet the needs of its customers. This will be achieved by increasing the volume of existing
products and offering a more complete range, through acquisitions of complementary know-how in a
still highly fragmented market. We are pleased and honored to join forces with Christian Oury, a
strengthened management team, and all our employees to write this new chapter of OURY-GUYE's
The investment in OURY-GUYE is emblematic of the small-cap initiative at SPE France, as it is (i) a
primary transaction, alongside a strengthened management team, to accelerate the company's
development; (ii) a high growth and highly fragmented sector offering external growth opportunities to
expand the product portfolio; and (iii) an ambitious transformation and growth project, in particular
through the upgrading of its industrial facilities, the digitalization of its operations and the strengthening
of the management team.
OURY-GUYE is a century-old medical device company, a member of the French Fab and a French Living
Heritage Company (E.P.V.). Founded in 1909 in Nogent in the Haute-Marne region of France, OURY-
GUYE has established itself as a leader in the development and manufacturing of orthopedics
instruments. OURY-GUYE's customers include the largest orthopedic groups in France and abroad.
About SPE Capital
Founded in 2016, SPE Capital is an independent Private Equity firm with EUR 400m asset under
management. SPE Capital is active in France in the small-cap segment and in Africa and Middle East in
the mid-cap segment. The SPE France Small-cap initiative, co-founded and led by Georges-Alexandre
Ancenys and André Wagner, aims to acquire controlling stakes in French SMEs with high potential for
transformation and international growth. The investment team brings expertise in three main areas: i)
alignment of interests of the various stakeholders, ii) operational transformation and iii) activation of
internal and external growth levers in France and beyond.
About Tioopo Capital
Co-founded in 2021 by Cyril Aboujaoude, Shahan Sarkissian and Grégoire Louisy, Tioopo Capital is a pan-
European investment fund dedicated to SMEs In an entrepreneurial spirit, Tioopo works closely with
management teams to develop and execute their strategic vision.
Parties involved in the transaction:
Investor - SPE Capital: Georges-Alexandre Ancenys, André Wagner; Tioopo Capital : Cyril Aboujaoude,
Shahan Sarkissian and Grégoire Louisy
Champeil: Nordine Iguedjtal
ESG team - SPE Capital: Noura Bakkour
Racine Nantes: Dominique Tufféry-Kerhervé (partner), Yohan Jabbour-Gédéon (counsel) and Amelia
Penven (lawyer) on corporate/M&A aspects; Dominique Tufféry-Kerhervé (partner) and Ludovic
Souchay (counsel) on tax aspects; Eve Nicolas (partner) and Pierre Barboteau (counsel) on real estate
aspects, and Loullig Bretel (partner) and Constance Bassi (lawyer) on intellectual property aspects.
Majj - social: Julien Boucaud-Maitre (partner) and Nicolas Lavigne (lawyer)
Inextenso: Jérôme Ledig, Marc Sabaté and Guillaume Hoppenot
Legal counsel: Inextenso: Anne-Cécile Jeanniard
André Wagner (firstname.lastname@example.org)