Investment Summary

Summit Partners Invests In LiteCure

On January 1, 2006, growth capital firm Summit Partners invested in medical products company LiteCure

Investment Highlights
  • This is Summit Partners’ 8th transaction in the Medical Products sector.
  • This is Summit Partners’ 161st transaction in the United States.
  • This is Summit Partners’ 3rd transaction in Delaware.
Investment Fate
  • LiteCure was sold to a strategic buyer in 2020.

Investment Summary

Date 2006-01-01
Target LiteCure
Sector Medical Products
Investor(s) Summit Partners
Deal Type Growth Capital

Target

LiteCure

New Castle, Delaware, United States
LiteCure LLC is a medical device manufacturer that manufactures and distributes highly integrated bio-photonic instruments and medical lasers for the healthcare and veterinary care markets. LiteCure is based in New Castle, Delaware.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 169 of 392
Sector: Medical Products M&A 8 of 11
Type: Growth Capital M&A Deals 103 of 222
State: Delaware M&A 3 of 3
Country: United States M&A 161 of 322
Year: 2006 M&A 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Cetero Research Solutions

Cary, North Carolina, United States

Contract Research Solutions (CRS) was formed to acquire leading Phase I contract research organizations (“CRO’s”). The first acquisition of CRS, PRACS Institute, is headquartered in Fargo, North Dakota and is serving the pharmaceutical, biotechnology and skin care industries including the leading generic and innovative pharmaceutical companies with full service on-site clinical, bioanalytical and data management capabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-04 Matworks

Beltsville, Maryland, United States

The Matworks is a manufacturer of safety and maintenance flooring systems. Matworks is based in Beltsville, Maryland.

Sell -