Venture • Medical Products

MPE Partners, MCM Capital Partners, Invacare and BIOMEC Invest In NeuroControl

On October 18, 1999, private equity firm MPE Partners, private equity firm MCM Capital Partners, Invacare and BIOMEC invested in medical products company NeuroControl

Investment Context
  • This is MPE Partners’ 2nd, MCM Capital Partners’ 1st, Invacare’s 3rd and BIOMEC’s 1st transaction in the Medical Products sector.
  • This is MPE Partners’ 7th, MCM Capital Partners’ 3rd, Invacare’s 2nd and BIOMEC’s 1st transaction in the United States.
  • This is MPE Partners’ 1st, MCM Capital Partners’ 1st, Invacare’s 1st and BIOMEC’s 1st transaction in Ohio.

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Investment Summary

Date October 18, 1999
Target NeuroControl
Sector Medical Products
Investor(s) MPE Partners
MCM Capital Partners
Invacare
BIOMEC
Deal Type Venture

Target Company

NeuroControl

Valley View, Ohio, United States
NeuroControl Corp. is a marketer of medical implants designed to restore function to persons with paralysis.
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Investors Overview 4

Investor

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.


Deal Context for Investor #
Overall 9 of 89
Sector: Medical Products 2 of 9
Type: Venture 7 of 40
State: Ohio 1 of 13
Country: United States 7 of 86
Year: 1999 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-15 QuickLogic

San Jose, California, United States

QuickLogic designs, manufactures, and markets FPGAs (Field Programmable Gate Arrays) and high-productivity design tools. QuickLogic was founded in 1988 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-22 Premisys Communications

Fremont, California, United States

Premisys Communications, Inc. pioneered development of integrated access solutions for telecommunications service providers.

Sell $248M
Investor

MCM Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MCM Capital Partners is Midwest based private equity firm focused on acquiring niche manufacturers, value added distributors and service companies. Specific areas of interest include specialty chemicals, medical component products, home accessories, engineered materials, packaging, specialty distribution, building products, transportation, and high performance composites. Prospective companies generally have revenues of $8 to $50 million and are valued up to $50 million. Typical transactions include recapitalizations, management buyouts, and divestitures. MCM Capital Partners was formed in 1992 and is based in Beachwood, Ohio.


Deal Context for Investor #
Overall 3 of 22
Sector: Medical Products 1 of 2
Type: Venture 1 of 1
State: Ohio 1 of 7
Country: United States 3 of 21
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Amrep

Marietta, Georgia, United States

Amrep, Inc. is a specialty chemical formulator and manufacturer of high performance products and professional grade chemical products for the Automotive, Fleet Maintenance, Industrial/MRO Supply, Institutional Supply, and Motorcycle markets under the Misty®, Next DimensionTM, Petro®, i-Chem® and a number of private labeled brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-20 Inservco

LaGrange, Ohio, United States

Inservco provides world-class Electronic Manufacturing Services. As a premier EMS provider to the Medical Device, Industrial Automation and Telecommunication Industries, Inservco delivers high quality Printed Circuit Board Assemblies every day. Inservco's ISO 9001:2008 - ISO 13485:2003 Certification assures customers of the highest level of quality in every product manufactured.

Buy -
Investor

Invacare

Elyria, Ohio, United States

Category Company
Founded 1885
Sector Medical Products
Employees3,000
Revenue 872M USD (2021)
DESCRIPTION

Invacare is a manufacturer and distributor of non-acute medical equipment including wheelchairs, mobility scooters, walkers, pressure care and positioning, as well as respiratory products. Invacare was founded in 1885 and is based in Elyria, Ohio.


Deal Context for Investor #
Overall 3 of 6
Sector: Medical Products 3 of 6
Type: Venture 1 of 1
State: Ohio 1 of 1
Country: United States 2 of 3
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-25 Peiser s

Maywood, Illinois, United States

Peiser's, Inc. is a distributor of disposable medical supplies to home health care providers and, to some extent, direct to consumers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-18 Australian Healthcare Equipment Pty

Chipping Norton, Australia

Australian Healthcare Equipment designs and manufactures beds, related furniture and pressure care products for home care and non-acute institutional care. AHE currently markets three well-known Australian brands, Murphy Healthcare Furniture, Hendicare and Bosshard Medical.

Buy -
Investor

BIOMEC

Cleveland, Ohio, United States

Category Company
Founded 1998
Sector Medical Products
DESCRIPTION

BIOMEC Inc. was established with the objective of accelerating promising technology from major medical and academic institutions, national laboratories, and internal proprietary developments to successful commercial products. BIOMEC operates in Cleveland, OH and has built a highly effective engineering team with diverse capabilities in medical device development that provides creative solutions for customer's product development needs.


Deal Context for Investor #
Overall 1 of 1
Sector: Medical Products 1 of 1
Type: Venture 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 1999 1 of 1