M&A Deal Summary

Merit Capital Partners Acquires Kinex Medical Company

On October 1, 2013, mezzanine finance firm Merit Capital Partners acquired medical products company Kinex Medical Company

Acquisition Highlights
  • This is Merit Capital Partners’ 5th transaction in the Medical Products sector.
  • This is Merit Capital Partners’ 67th transaction in the United States.
  • This is Merit Capital Partners’ 14th transaction in Wisconsin.

M&A Deal Summary
Date 2013-10-01
Target Kinex Medical Company
Sector Medical Products
Buyer(s) Merit Capital Partners
Deal Type Recapitalization

Target

Kinex Medical Company

Waukesha, Wisconsin, United States
Kinex Medical Company provides unique Continuous Passive Motion (CPM) and Cold Therapy devices as part of their Phase I Rehabilitation therapy. Kinex Medical Company is based in Waukesha, Wisconsin.

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Buyer(S) 1

Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.

DEAL STATS #
Overall 68 of 98
Sector (Medical Products) 5 of 5
Type (Recapitalization) 16 of 19
State (Wisconsin) 14 of 18
Country (United States) 67 of 97
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Structural & Steel Products

Fort Worth, Texas, United States

Structural & Steel Products is a manufacturer and distributor of products used in the highway construction end-market, including overhead sign structures, guardrails, crash cushions, lighting poles and bridge decking. The Company manufactures tubular structures used in the communication and power transmission industries. Structural & Steel Products was founded in 1969 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 MTI Electronics

Menomonee Falls, Wisconsin, United States

MTI International, Inc. is a provider of electronic contract manufacturing services, including the design and testing of PCB assemblies and custom thick-film hybrid circuit design and manufacturing. MTI Electronics was founded in 1976 and is based in Menomonee Falls, Wisconsin.

Sell -
Mergr

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