Private equity player Vance Street Capital said it invested an unspecified amount in Motion Dynamics Corp. and its wire-based components business. Los Angeles-based Vance Street said Motion Dynamics is the 2nd investment out of its 2nd fund, reportedly targeted at $350 million. Get the full story at our sister site, Medical Design & Outsourcing.
Greatbatch (NYSE:GB) said it closed the $1.73 billion, cash-and-stock acquisition of OEM medical device maker Lake Region Medical Oct. 27. Frisco, Texas-based Greatbatch laid out $478 million in cash and some 5.1 million shares of stock (which closed Oct. 27 at $49.27 per share, making that portion of the offer worth another $251 million). Greatbatch said it also agreed to […]
Greatbatch (NYSE:GB) said today that it closed the $1.7 billion cash-and-stock acquisition of Lake Region Medical. Terms call for Frisco, Texas-based Greatbatch to pay $478 million in cash and some 5.1 million shares of stock (which closed yesterday at $49.89 per share, making that portion of the offer worth another $254.4 million). Greatbatch said it also agreed […]
Genstar Capital said it bought out Tecomet, a medical device OEM, for an undisclosed amount.
Genstar Capital is a private equity firm, focused on investments in technology, healthcare, and finance industries.
Wilmington, Mass.-based Tecomet makes orthopedic implants, precision surgical instruments and photochemical etched products for medical device customers. The company has been around since the 1960s and was recently a Charlesbank Capital Partners company. Genstar plans on leaving management in place, according to a press release.