M&A Deal Summary

Seven Point Equity Partners Acquires Velocity Medtech

On December 31, 2016, private equity firm Seven Point Equity Partners acquired medical products company Velocity Medtech

Acquisition Highlights
  • This is Seven Point Equity Partners’ 1st transaction in the Medical Products sector.
  • This is Seven Point Equity Partners’ 3rd transaction in the United States.
  • This is Seven Point Equity Partners’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2016-12-31
Target Velocity Medtech
Sector Medical Products
Buyer(s) Seven Point Equity Partners
Deal Type Recapitalization
Advisor(s) Kinsella Group (Financial)
Cole Schotz (Legal)

Target

Velocity Medtech

Totowa, New Jersey, United States
Velocity Medtech is a designer and manufacturer of medical products, with a focus on highly engineered, custom-designed sterilization cases and trays for many of the world's leading providers of orthopedic implants and instruments. Velocity Medtech was founded in 1960 and is based in Totowa, New Jersey.

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Buyer(S) 1

DESCRIPTION

Seven Point Equity Partners LLC is a private investment firm focused on controlling equity investments in lower middle market companies, principally in North America. Seven Point looks to invest between $15 to $100 million for companies generating sales of $25 to $300 million, EBITDA up to $30 million, and valued between $25 to $250 million. Sectors of interest include building materials, business services, consumer products, financial services, manufacturing, and medical products. Seven Point Equity Partners was founded in 2009 and is based in Westport, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Venice Holdings

Westport, Connecticut, United States

Venice Holdings LLC is a holding company to acquire business-to-business and business-to-consumer trade shows in the manufacturing, technology, energy, environmental, transportation, infrastructure, medical, pharmaceutical, and other sectors. Venice Holdings was founded in 2016 and is based in Westport, Connecticut.

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