HSG Completes Acquisition of 80% Stake in Nitinol Maker PeierTech

HSG has completed its acquisition of a controlling stake in PeierTech, holding approximately 80% of the medical-grade nitinol materials and precision components manufacturer, the company said on October 29, 2026. PR Newswire carried the announcement. PeierTech, founded in 2002 and headquartered in Jiangyin, Jiangsu Province, supplies medical device manufacturers worldwide. HSG, formerly known as Sequoia China, is a venture capital and private equity firm investing across technology, healthcare and consumer sectors.

HSG Takes 80% of PeierTech

Under the completed transaction, HSG holds approximately 80% of PeierTech, while the existing management team retains the remaining equity and will continue to oversee day-to-day operations. HSG also plans to introduce a market-based equity incentive program for key members of management to support the company's continued growth and international expansion. PeierTech's integrated manufacturing capabilities support customers throughout product development, validation and commercial-scale production across cardiovascular, neurovascular, peripheral vascular, gastrointestinal, urological, dental, orthopedic, sports medicine and other medical applications.

Amy Shen, CEO of PeierTech, said: "HSG's investment marks a new chapter for PeierTech, bringing financial support, international experience, and an extensive industry network that will help us pursue our next phase of growth." Steve Jia, Partner at HSG, said the firm sees "significant opportunities to further strengthen its global position through international expansion, operational improvements, and market consolidation." HSG manages over USD 61 billion in assets as of June 30, 2026, according to its announcement. DealStreetAsia reported on August 18, 2026 that HSG had initiated preliminary talks to raise at least $1.2 billion for its first US dollar fund since separating from its global counterpart.

PeierTech's Manufacturing Scale

According to akta.pro company records, PeierTech was founded in 2002 and serves medical device manufacturers from more than 20 countries, with more than 1,000 global cooperation clients worldwide. The same records list a headcount range of 51-100 and a revenue estimate of $10 million-$25 million. PeierTech obtained ISO 13485:2016 certification in 2020 as a contract manufacturer for medical device materials, metal components, assemblies and finished devices. In February 2024, the company launched a platinum-core nitinol composite wire product with 10-20% platinum content and a wire diameter of 0.05-1.0mm, combining superelasticity with enhanced radiopacity for X-ray-visible interventional devices.

Other Recent Medical Device Deals

EXPANSION reported on October 28, 2026 that Amper is accelerating its M&A strategy, having invested nearly €230 million to acquire Teltronic, Zeleros and Freqcon and finalizing a fourth acquisition. FinancialContent Business Page reported on October 27, 2026 that Ridgeview Partners completed its acquisition of Pinewood Technologies Group, a cloud-based AI-first platform for automotive retailers and OEMs.