In August 2016, Corpfin acquired 51% of Palex Medical, S.A., a leading medical equipment distributor in Spain and Portugal. Founded in 1955 by the Knuth family, Palex distributes a wide range of leading brand medical devices to public and private hospitals through an extensive commercial network. During the period 2016-2019 Palex acquired seven companies as part of its buy and build strategy, and the company grew organically substantially under the leadership of Corpfin Capital and the company’s management team.

In 2020, as part of a new transaction, Corpfin Capital keeps a relevant minority in Palex and finally divested at the end of 2022. During the 2020-2023 period Palex continued to grow organically, developing its international expansion, especially in Italy, and incorporating companies into the group (10 in the 2020-2022 period).