Investment Summary

Bluestem Capital and Baird Capital Invest In Virtual Incision

On October 29, 2010, private equity firms Bluestem Capital and Baird Capital invested in medical products company Virtual Incision

Investment Highlights
  • This is Bluestem Capital’s 1st and Baird Capital’s 5th transaction in the Medical Products sector.
  • This is Bluestem Capital’s 6th and Baird Capital’s 36th transaction in the United States.
  • This is Bluestem Capital’s 2nd and Baird Capital’s 1st transaction in Nebraska.

Investment Summary
Date 2010-10-29
Target Virtual Incision
Sector Medical Products
Investor(s) Bluestem Capital
Baird Capital
Deal Type Venture

Target

Virtual Incision

Lincoln, Nebraska, United States
Virtual Incision is a developer of invivo robots for use in single incision laparoscopic surgery. The development of Virtual Incision’s technology is an important step in the evolution towards scar-free surgical procedures performed on a robotic platform. Virtual Incision was founded in 2006 and is based in Lincoln, Nebraska.

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Investor(S) 2

Investor

Bluestem Capital

Sioux Falls, South Dakota, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Bluestem Capital Company LLC is a private equity firm focused on 'bread and butter' (basic industry) investment opportunities in the Midwest US. Sectors of interest include energy, real estate, leisure, manufacturing, business products, business services, and consumer products. Bluestem will invests in the range of $0.5 to 3 million per transaction. not invest in start-ups or turnaround situations. Bluestem Capital Partners was formed in 1989 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 6 of 20
Sector (Medical Products) 1 of 3
Type (Venture) 4 of 12
State (Nebraska) 2 of 2
Country (United States) 6 of 20
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-16 OneMind Connect

Irvine, California, United States

ExpensAble is a provider of expense report management solutions delivered in both a Software as a Service (SaaS) model and as a desktop software product. The company offers solutions that automate expense reporting, enforce corporate travel policies, streamline management and provide visibility into a company’s expenditures through data collection, analytics and reporting.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 Future Health

Carroll, Iowa, United States

Future Health, Inc., is an operator of electronic health records (EHR) and practice management company for Doctors of Chiropractic (DC). The Companies latest product, eConnect, is a cloud-based EHR software that uses cutting-edge technology to greatly improve the user experience. Future Health was founded in 1991 and is based in Carroll, Iowa.

Buy -
Investor

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 37 of 75
Sector (Medical Products) 5 of 7
Type (Venture) 1 of 10
State (Nebraska) 1 of 1
Country (United States) 36 of 63
Year (2010) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-24 Beijing ADG Scaffolding Engineering

Beijing, China

Beijing ADG Scaffolding Engineering Co., Ltd. is a manufacturer and provider of rental services for scaffolding equipment. ADG’s services span the entire scaffolding implementation process, including engineering design, assembly, and disassembly. Applications for these services include infrastructure projects, new construction, building, and industrial facility maintenance, and events. ADG’s blue-chip customer base is comprised of some of the largest construction companies in China. ADG was formed in 2004 and is based in Beijing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 Encore Discovery Solutions

The Woodlands, Texas, United States

At Encore Discovery Solutions, we support many of the world’s leading law firms and corporations with end-to-end discovery management. Our world-class discovery professionals are experts who help our clients identify and implement the right process and technology for any discovery or similar data-intensive matter. Encore Discovery Solutions, Inc. was formerly known as Encore Legal Solutions, Inc. and changed its name to Encore Discovery Solutions, Inc. in June 2008.

Sell $100M
Mergr

Product

Company

Legal