Highlighted transactions

Healthcare

 

Vention Medical

A portfolio company KRG Capital Partners

The device manufacturing services division of Vention Medical, a portfolio company of KRG Capital Partners, was acquired by MedPlast, Inc., a portfolio company of JLL Partners and Water Street Healthcare Partners. Piper Jaffray served as exclusive financial advisor to Vention Medical and KRG Capital Partners.

Client Description

Vention Medical’s device manufacturing services division is a vertically-integrated, full-service provider of value-add finished device manufacturing services to leading and emerging medical device OEMs. Vention Medical has four facilities across the U.S., Puerto Rico and Costa Rica. The company specializes in injection molding, complex assembly, packaging and sterilization for a broad range of high-precision, minimally invasive medical products. Device manufacturing services is a division of Vention Medical, a globally-integrated solutions provider of complex medical devices and components as well as design and engineering services.

Founded in 1996, KRG Capital Partners is a private equity firm based in Denver, Colorado. KRG Capital Partners focuses on growing and innovative “best-in-class” middle market companies. Over its history, KRG Capital Partners has deployed over $4.0 billion of equity in over 200 transactions, including approximately $1.2 billion of equity from closely aligned co-investors.

Counterparty Description

MedPlast, Inc. is a global services provider to the medical device industry. MedPlast offers a range of engineering and manufacturing capabilities that support the world’s leading original equipment manufacturers with producing diagnostic, orthopedic, surgical and other medical products. Headquartered in Tempe, Ariz., MedPlast operates 11 ISO-certified facilities around the world. MedPlast is a portfolio company of JLL Partners and Water Street Healthcare Partners.

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