M&A Deal Summary

KRG Capital Partners and Fifth Street Capital Acquire Vention Medical

On May 1, 2008, private equity firm KRG Capital Partners and lender Fifth Street Capital acquired medical products company Vention Medical

Acquisition Highlights
  • This is KRG Capital Partners’ 4th and Fifth Street Capital’s 1st transaction in the Medical Products sector.
  • This is KRG Capital Partners’ 26th and Fifth Street Capital’s 14th transaction in the United States.
  • This is KRG Capital Partners’ 1st and Fifth Street Capital’s 1st transaction in New Hampshire.
Investment Fate
  • Vention Medical was sold to a publicly-traded strategic buyer in 2017 for 705M USD.

M&A Deal Summary

Date 2008-05-01
Target Vention Medical
Sector Medical Products
Buyer(s) KRG Capital Partners
Fifth Street Capital
Deal Type Consolidation

Target

Vention Medical

Salem, New Hampshire, United States
Vention Medical, Inc. is a designer, developer and contract manufacturer of complex, plastics based medical devices. Vention Medical was founded in 1989 and is based in Salem, New Hampshire.

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Buyer(S) 2

Buyer

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 27 of 42
Sector: Medical Products M&A 4 of 6
Type: Consolidation M&A Deals 2 of 3
State: New Hampshire M&A 1 of 1
Country: United States M&A 26 of 41
Year: 2008 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-17 Tronair

Toledo, Ohio, United States

Tronair designs, manufactures, and sells of ground support equipment for business, commercial and military aircraft. Tronair's broad and innovative product line of GSE, comprised of over 1,500 products, is used by over 350 unique aircraft platforms. Tronair is the market leader in its core products and market segments, serving leading aircraft OEMs (e.g., Bombardier, Gulfstream, Embraer, Boeing and Airbus), fixed based operators, maintenance and repair providers, corporate hangars, commercial airlines, defense contractors and military airbases around the world. Tronair was founded in 1971 and is based in Toledo, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-17 Federal Flange

Houston, Texas, United States

Federal Flange Ltd. is a oilfield manufacturer of high quality, precision engineered flanges and other fittings and pipeline connections used globally in a wide range of energy infrastructure. Applications include refineries, onshore and offshore pipelines, petrochemical plants, nuclear plants, processing facilities and deepwater offshore oil and gas applications.

Buy -
DESCRIPTION

Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.


DEAL STATS #
Overall 15 of 70
Sector: Medical Products M&A 1 of 5
Type: Consolidation M&A Deals 1 of 4
State: New Hampshire M&A 1 of 2
Country: United States M&A 14 of 69
Year: 2008 M&A 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Lighting by Gregory

New York, New York, United States

Lighting By Gregory, LLC distributes lighting products and fans. It offers ceiling lighting products, such as chandeliers, flush mounts, pendants, fluorescent lighting, track lighting, semi flush mounts, recessed lighting, island lighting, billiard lighting, and lighting accessories; and wall sconces, wall lamps, wall swing arm lamps, and picture lighting products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-09 U.S. Retirement & Benefits Partners

Iselin, New Jersey, United States

U.S. Retirement & Benefits Partners is an independent K-12 public school and governmental employee benefits and retirement planning services firm. The company serves educational, governmental, corporate, union, and non-profit employers with the care and attention that their employees deserve, helping them make retirement planning decisions that align with their goals and objectives and benefit choices suited for their personal needs by providing customers with resources and tools. U.S. Retirement & Benefits Partners was founded in 2008 and is based in Iselin, New Jersey.

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