RoundTable Healthcare Partners Completes Sale of Symmetry Surgical to Aspen Surgical
Transaction Marks Fourth Portfolio Completion for RoundTable’s Equity Fund IV
LAKE FOREST, Ill., October 27, 2022 /PRNewswire/ — RoundTable Healthcare Partners (“RoundTable”), an operations-focused private equity firm focused exclusively on the healthcare industry, announced today that it has completed the sale of Symmetry Surgical (“Symmetry” or the “Company”) to Aspen Surgery (“aspen“), a portfolio company of Audax Private Equity. Terms of the transaction were not disclosed.
Symmetry is a manufacturer, marketer and distributor of reusable surgical instruments, electrosurgical products and minimally invasive surgical devices. The company retains a rich heritage of trusted brands, including Bookwalter®Bovie®Greenberg®, Reddick® and The OR Company, among others, which support a wide range of surgical specialties and sites of care. The Company has its registered office at Nashville, TNwith operations in Louisville, KentuckyTuttlingen, Germany and Melbourne, Australia.
RoundTable acquired a majority stake in Symmetry in July 2016. In partnership with management, RoundTable supported diversification into adjacent product categories, implemented a new business model focused on direct selling, and executed and integrated three significant complementary transactions, positioning the business for long-term sustainable growth. .
“I would like to thank Symmetry’s exceptional management team and dedicated employees for their tireless work in building a leading surgical solutions platform. We are proud of the team for the growth they have achieved and the service they have provided to their customers,” said Tom Kapfer, managing partner of RoundTable and president of Symmetry. “We believe that aspen will be an excellent partner for the company, its employees and its customers in the future.”
Brian StraebPresident and CEO of Symmetry, added, “RoundTable has been an invaluable partner for Symmetry. They supported us through strategic investments to improve the sales organization and multiple transformative acquisitions to build our brand portfolio. We are now looking forward to our next phase of growth with aspen.”
William Blair and Baird acted as financial advisors to Symmetry. GibsonDunn & Crutcher LLP acted as exclusive legal counsel to RoundTable in this transaction.
About the Healthcare Roundtable Partners
RoundTable Healthcare Partners, based in Forest Lake, Illinois, is an operations-focused private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operational and transactional expertise. RoundTable has established a successful track record working with owners/founders, family businesses, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable lifted $4.25 billion in committed capital, including six equity funds totaling $3.65 billion and three subordinated debt funds totaling $600 million. For more information on RoundTable Healthcare partners, visit www.roundtablehp.com.
SOURCE Roundtable Partners