M&A Deal Summary

3i Private Equity Acquires Cirtec

On August 4, 2017, private equity firm 3i Private Equity acquired medical products company Cirtec from Century Park Capital Partners

Acquisition Highlights
  • This is 3i Private Equity’s 2nd transaction in the Medical Products sector.
  • This is 3i Private Equity’s 14th transaction in the United States.
  • This is 3i Private Equity’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2017-08-04
Target Cirtec
Sector Medical Products
Buyer(s) 3i Private Equity
Sellers(s) Century Park Capital Partners
Deal Type Secondary Buyout

Target

Cirtec

Brooklyn Park, Minnesota, United States
Cirtec Medical is a provider of comprehensive medical product design and manufacturing solutions from concept through high-volume finished goods across all therapeutic categories. Cirtec Medical's technically-driven, 130-person team has particular expertise in minimally invasive systems, active and passive implants, and medical electronics. Cirtec Medical was founded in 1986 and is based in Brooklyn Park, Minnesota.

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Buyer(S) 1

Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 228 of 248
Sector (Medical Products) 2 of 2
Type (Secondary Buyout) 35 of 43
State (Minnesota) 1 of 1
Country (United States) 14 of 18
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Memora

Barcelona, Spain

Memora provides funeral services and cemeteries management. The group manages 96 funeral parlours, 16 crematories and 25 cemeteries. Memora was founded in 2001 and is based in Barcelona, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Euro-Druckservice

Passau, Germany

Euro-Druckservice offers digital services as well as storage, fulfillment, and logistics services operating from 12 locations across Central and Eastern Europe (CEE), and is one of the markets in industrial printing. Web offset printing is best suited to large runs of time-sensitive products, particularly magazines and tactical promotional print for multiple retailers. Euro-Druckservice was founded in 1992 and is based in Passau, Germany.

Sell -

Seller(S) 1

SELLER

Century Park Capital Partners

El Segundo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Century Park Capital Partners (CPCP) is a private equity firm that partners with owners and managers to build companies. The Firm targets businesses generating sales of $20 to $100 million and EBITDA of $3 to $15 million. Century Park Capital specializes in facilitating owner liquidity and business expansion through minority and majority recapitalizations, growth financings, management led buyouts, and acquisition financings. CPCP looks to invest $10 to $40 million per transaction. Areas of interest include consumer products, food, education, business services, test/measurement equipment, medical components, pet supplies, packaging, automotive, chemicals, and third party logistics. CPCP was formed in 2000 and is based in Los Angeles with an additional office in Menlo Park, California.


DEAL STATS #
Overall 12 of 16
Sector (Medical Products) 2 of 2
Type (Secondary Buyout) 7 of 9
State (Minnesota) 1 of 1
Country (United States) 12 of 16
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Lynx Grills

Downey, California, United States

Lynx Grills, Inc. is a manufacturer of superior-quality, high-performance outdoor kitchen products. Lynx's offerings include a selection of premium stainless barbeque grills under the Lynx brand as well as complimentary cooking, storage, refrigeration and food preparation accessories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 ICM Products

Cassopolis, Michigan, United States

ICM Products, Inc. is a specialty silicone formulator specializes in the development of silicone polymers, emulsions, defoamers, and other specialty chemicals for use in a broad range of applications and end markets. ICM Products was founded in 1989 and is based in Cassopolis, Michigan.

Sell -