G Square, a leading European healthcare private equity investor focusing on mid-market companies with high growth potential, has signed an agreement to acquire a majority stake in Serres, a global forerunner in sustainable surgical fluid management solutions, to accelerate its global expansion and sustainability leadership.
Paree Group, the long-standing family owner, will retain a significant stake and continue as a strategic partner in Serres' next phase of development. G Square brings deep healthcare expertise and an established track record of helping innovative European companies in scaling internationally. G Square and Paree Group aim to develop Serres into a leading international MedTech platform through investment in new products, commercial capabilities, and targeted acquisitions to strengthen its market reach. The transaction positions Serres to build on its leading position in Europe, accelerate its growth in the United States, and expand its footprint globally. The transaction is expected to close in the first quarter of 2026.
"Serres is one of the Finnish industrial success stories. After decades of continuous development, we see enormous potential ahead requiring greater international reach and resources than we could deploy alone. G Square brings deep healthcare expertise, global networks, and the financial strength needed to elevate Serres to the next level. This partnership is a natural and very positive continuation of our long-term commitment to the company," says Kimmo Jyllilä, Chair of the Boards of Paree Group and Serres.
"Serres is an outstanding company; a true European champion in its field with world-class sustainable products and a strong culture of innovation. The company has built a unique platform with strong potential to grow globally," says Oliver Hoenich, Partner of G Square. "We are excited to partner with the Jyllilä family to support Serres and its management team in accelerating growth, widening international reach and strengthening Serres' leading market position in sustainable solutions for surgery and intensive care," adds Yasemin Arik, Partner of G Square.
