Business Wire12.19.16
Vance Street Capital LLC and A&E Medical Corporation, a cardiovascular medical device OEM, have acquired Medical Concepts Europe (MCE). MCE is the first add-on acquisition for A&E Medical, which was purchased by Vance Street Capital LLC in February 2016. Terms of the transaction were not disclosed.
Headquartered in the Netherlands, MCE is a provider of bi-polar, quad-polar and mono-polar temporary pacing wires and single-use patient extension cables specifically for cardio-thoracic surgeries. MCE’s products are found in cardiovascular hospitals throughout Europe, the Middle East, Asia and North America.
“MCE is a strong strategic fit with A&E Medical and will enable the combined businesses to provide an even broader portfolio of single-use medical products to the world’s leading cardiovascular hospitals,” said Brian Martin, partner at Vance Street Capital.
Paul Hastings LLP acted as legal advisor to Vance Street Capital. R. Lips Healthcare GmbH served as financial advisor to Medical Concepts Europe. Vance Street partnered with Lexington Partners, Neuberger Berman Private Equity funds, RCP Advisors and Madison Capital Funding LLC, all of whom co-invested equity alongside Vance Street in support of the transaction.
"The addition of MCE not only furthers A&E Medical’s position as a leader in the temporary pacing and connecting cable space, but also provides A&E Medical with a strategic footprint in continental Europe,” said Mike Janish, partner at Vance Street Capital.
“We are excited to partner with the MCE management team to build on the world-class platform they have created to better serve the combined company’s customers,” said Eric Sklar, president of A&E Medical. “We believe our customers will benefit from the addition of MCE’s bi-polar and quad-polar pacing wires and are excited about the opportunity to provide MCE’s customers with A&E Medical’s industry-leading DoubleWire sternum closure systems.”
Founded in 1968 and headquartered in Farmingdale, N.J., A&E Medical designs and manufactures the DoubleWire high strength sternum closure system along with a variety of MYO/Wire temporary cardiac pacing wires and extension leads, MYO/Wire II stainless steel sutures, MYO/Punch surgical punches, electrosurgical instruments, and neurosurgical scalp clips.
Vance Street Capital is a Los Angeles, Calif.-based private equity firm that invests in middle-market businesses in the medical, aerospace, defense and industrial sectors. For more than two decades, Vance Street’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolios.
Headquartered in the Netherlands, MCE is a provider of bi-polar, quad-polar and mono-polar temporary pacing wires and single-use patient extension cables specifically for cardio-thoracic surgeries. MCE’s products are found in cardiovascular hospitals throughout Europe, the Middle East, Asia and North America.
“MCE is a strong strategic fit with A&E Medical and will enable the combined businesses to provide an even broader portfolio of single-use medical products to the world’s leading cardiovascular hospitals,” said Brian Martin, partner at Vance Street Capital.
Paul Hastings LLP acted as legal advisor to Vance Street Capital. R. Lips Healthcare GmbH served as financial advisor to Medical Concepts Europe. Vance Street partnered with Lexington Partners, Neuberger Berman Private Equity funds, RCP Advisors and Madison Capital Funding LLC, all of whom co-invested equity alongside Vance Street in support of the transaction.
"The addition of MCE not only furthers A&E Medical’s position as a leader in the temporary pacing and connecting cable space, but also provides A&E Medical with a strategic footprint in continental Europe,” said Mike Janish, partner at Vance Street Capital.
“We are excited to partner with the MCE management team to build on the world-class platform they have created to better serve the combined company’s customers,” said Eric Sklar, president of A&E Medical. “We believe our customers will benefit from the addition of MCE’s bi-polar and quad-polar pacing wires and are excited about the opportunity to provide MCE’s customers with A&E Medical’s industry-leading DoubleWire sternum closure systems.”
Founded in 1968 and headquartered in Farmingdale, N.J., A&E Medical designs and manufactures the DoubleWire high strength sternum closure system along with a variety of MYO/Wire temporary cardiac pacing wires and extension leads, MYO/Wire II stainless steel sutures, MYO/Punch surgical punches, electrosurgical instruments, and neurosurgical scalp clips.
Vance Street Capital is a Los Angeles, Calif.-based private equity firm that invests in middle-market businesses in the medical, aerospace, defense and industrial sectors. For more than two decades, Vance Street’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolios.