Venture • Medical Products

Oak Hill Capital and Three Arch Partners Invest In Metrika

On April 2, 2001, private equity firm Oak Hill Capital and Three Arch Partners invested in medical products company Metrika for 26M USD

Investment Context
  • This is Oak Hill Capital’s 2nd and Three Arch Partners’ 2nd transaction in the Medical Products sector.
  • This is Oak Hill Capital’s 21st and Three Arch Partners’ 4th largest (disclosed) transaction.
  • This is Oak Hill Capital’s 10th and Three Arch Partners’ 6th transaction in the United States.
  • This is Oak Hill Capital’s 1st and Three Arch Partners’ 5th transaction in California.
Investment Fate
  • Metrika was sold to a publicly-traded strategic buyer in 2006 for 57M USD.

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Investment Summary

Date April 2, 2001
Target Metrika
Sector Medical Products
Investor(s) Oak Hill Capital
Three Arch Partners
Deal Type Venture
Deal Value 26M USD

Target Company

Metrika

Sunnyvale, California, United States
Metrika is a manufacturer and marketer of single-use diabetes monitoring products. Using proprietary technology, Metrika integrates miniaturized digital electronics, micro-optics, and dry reagent chemistries into easy-to-use hand-held, low-cost, single-use monitoring devices.
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Investors Overview 2

Investor

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


Deal Context for Investor #
Overall 11 of 80
Sector: Medical Products 2 of 2
Type: Venture 3 of 4
State: California 1 of 7
Country: United States 10 of 73
Year: 2001 1 of 1
Size (of disclosed) 21 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-26 Align

Tempe, Arizona, United States

Align is a medical device company with industry innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Align was founded in 1997 and is based in Tempe, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-06 Vantage Oncology

Mahattan Beach, California, United States

Vantage Oncology is a provider of radiation oncology, medical oncology and other value-based integrated cancer care services.

Buy -
Investor

Three Arch Partners

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Three Arch Partners is an investor in healthcare companies, including medical devices, diagnostics, and healthcare services. Three Arch primarily invests in early stage companies, however the Firm will consider select later stage investments. Three Arch typically invests alongside others and looks to commit $100k to $15 million per investment. Three Arch Partners was formed in 1993 and is based in San Mateo, California.


Deal Context for Investor #
Overall 6 of 27
Sector: Medical Products 2 of 15
Type: Venture 6 of 21
State: California 5 of 16
Country: United States 6 of 26
Year: 2001 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Epocrates

San Mateo, California, United States

Epocrates is a developer of medical application among U.S. physicians for clinical content, practice tools, and health industry engagement at the point of care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-31 Odyssey HealthCare

Atlanta, Georgia, United States

Odyssey HealthCare is a provider of hospice care in the US in terms of both average daily patient census and number of locations.

Sell -