Lincoln International represents Kirtland Capital Partners in the sale of MicroGroup to TE Connectivity
This transaction builds on Lincoln's strong expertise in the Medical Device Outsourcing sector and represents the firm's 42nd Medical Technology transaction
CHICAGO, May 15, 2017 /PRNewswire/ -- Lincoln International ("Lincoln"), a leading global mid-market investment bank, is pleased to announce that Kirtland Capital Partners ("Kirtland") and other shareholders have sold MicroGroup, Inc. ("MicroGroup" or the "Company") to TE Connectivity Ltd. ("TE"). Terms of the transaction were not disclosed.
MicroGroup is a leading manufacturer of precision medical components and sub-assemblies with expertise in difficult-to-manufacture, small diameter stainless steel tubing. The Company offers a comprehensive, integrated suite of 50+ in-house precision metal production operations supporting the full product life cycle from prototype to production. MicroGroup's customers include more than half of the world's largest medical device and analytical instrument companies across analytical and diagnostic instruments, cardiology, gastroenterology and endoscopy, neurology and spinal, and orthopedic and sports medicine segments. MicroGroup was founded in 1971 and is headquartered in Medway, Massachusetts. For more information, visit www.microgroup.com.
Bill Bergen, President and CEO of MicroGroup, commented, "Lincoln's medical device outsourcing experience and insights were key to positioning MicroGroup's unique business model and value proposition in a compelling manner."
Tom Littman, President and Managing Partner of Kirtland, also noted, "Lincoln faithfully represented Kirtland and other shareholders by driving a strategic outcome through senior level attention, buyer knowledge and relationships, and process excellence."
Lincoln acted as the exclusive investment banking representative for Kirtland and MicroGroup, working closely with the Company's management team and shareholders throughout the sale process. The transaction closed less than three months from when Lincoln started the marketing process, delivering a strategic outcome on an accelerated timeline. Lincoln provided advisory expertise and managed the preparatory, marketing, negotiation and due diligence phases of the transaction.
For more information on our Global Healthcare Leadership Team, please visit http://www.lincolninternational.com/industries/healthcare/.
About Kirtland Capital Partners
Kirtland Capital Partners is a lower middle market private equity firm with 40 years of experience partnering with management teams to create long-term value. The firm pursues a flexible investment approach, making both majority and minority equity investments in companies throughout the United States and Canada. Throughout its history, Kirtland has successfully invested in a wide variety of niche manufacturing and business services companies. Kirtland focuses on building long-term partnerships with its management teams, investors, operating resources, service providers, and financing and deal sources. Relationships Matter at Kirtland.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and joint venture and partnering advisory services on a wide range of transaction sizes. With eighteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Heidi Becker
[email protected]
(312) 506-2739
SOURCE Lincoln International LLC
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