Investment Summary

Altaris Invests In Solesis

On April 15, 2021, private equity firm Altaris invested in medical products company Solesis

Investment Highlights
  • This is Altaris’ 12th transaction in the Medical Products sector.
  • This is Altaris’ 29th transaction in the United States.
  • This is Altaris’ 4th transaction in Pennsylvania.

Investment Summary
Date 2021-04-15
Target Solesis
Sector Medical Products
Investor(s) Altaris
Deal Type Stake Purchase

Target

Solesis

Perkasie, Pennsylvania, United States
Solesis is an innovative provider of biomaterials, tools, and services for the life science and medical technology industries. Solesis operates through two primary business divisions, Secant Group and Charter Medical. The Secant Group, which includes SanaVita Medical, is a supplier of biomaterials and implantable textile structures that enable repair, recovery, and regeneration of human tissue, as well as technical materials for the specialty chemical and aerospace markets. Charter Medical supplies single-use tools for cell culture expansion, cryopreservation, and fluid management that are used during the development and manufacturing of biopharmaceuticals, including cell and gene therapies. Solesis was founded in 2012 and is based in Perkasie, Pennsylvania.

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Investor(S) 1

Investor

Altaris

New York City, New York, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 31 of 36
Sector (Medical Products) 12 of 13
Type (Stake Purchase) 2 of 2
State (Pennsylvania) 4 of 5
Country (United States) 29 of 34
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Senior Helpers

Towson, Maryland, United States

Senior Helpers is a franchisor of private pay, professional home care for elderly individuals. The Company provides specialized programs that have been developed in collaboration with medical experts and offers specialized care services for individuals with Alzheimer's, dementia, and Parkinson's. Senior Helpers was formed in 2002 and is based in Towson, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Paramit

Morgan Hill, California, United States

Paramit is a provider of medical device manufacturing services. Paramit offers a turn-key solution, including product design and prototype development, commercial-scale component manufacturing, test solutions, and assembly services. Paramit serves many of the fastest-growing, most innovative companies in the medical device and technology marketplace. Paramit was founded in 1990 and is based in Morgan Hill, California.

Sell Fr.920M
Mergr

Product

Company

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