Harbor Partners advises PMH on ActiveCap investment to accelerate its international expansion
- Harbor Partners

- Jan 23
- 2 min read

Harbor Partners advised PMH on the investment by ActiveCap, through its ActiveCap II fund, in a transaction aimed at supporting the company’s next phase of growth and strengthening its international expansion.
PMH is a Portuguese company specialized in the development and manufacturing of medical devices, currently exporting around 70% of its production to international markets. ActiveCap’s investment will enable the company to accelerate its presence in new markets, while advancing the automation and optimization of its production processes, supporting an ambitious growth plan for the 2026–2030 period.
This transaction represents a strategically significant move within Portugal’s healthcare sector, reinforcing the international competitiveness of a leading national company and promoting value creation through investment in production capacity, operational efficiency, and scale.
Salvador Correia de Barros, Partner at ActiveCap, noted that “the Fund is pleased to support PMH at a stage when its growth is already underway.” He further highlighted the “strong alignment with the management team from day one, a determining factor in unlocking and delivering the company’s full potential, in a strategic sector in which the firm had long sought to invest.”
The Harbor Partners team advising on this transaction was coordinated by Gonçalo Almeida (Managing Partner), with the involvement of the M&A team led by João Diogo Vieira, together with Maria Francisca Faria, who supported the entire structuring, negotiation, and execution process.
“We were extremely proud to support PMH in this investment by ActiveCap. The company demonstrates a very solid industrial profile, combining a robust production base, a high capacity to adapt to clients’ needs, and a consistent track record of international growth,” said Gonçalo Almeida, Managing Partner at Harbor Partners.
Harbor Partners would like to thank the PMH team for the trust placed throughout the process. The firm also thanks PLMJ Advogados for providing legal advice to PMH, Forvis Mazars for its financial advisory role to ActiveCap, and VDA Vieira de Almeida for its legal advice to ActiveCap. Harbor Partners also congratulates ActiveCap on this partnership, which strengthens the international presence and competitiveness of an outstanding Portuguese company.



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