RoundTable Healthcare Partners Announces Agreement to Acquire Symmetry Surgical Inc.

Acquisition Will Provide New Platform in Surgical Instrumentation and Specialty Devices

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May 02, 2016, 04:41 ET

LAKE FOREST, Ill., May 2, 2016 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that it has entered into a definitive agreement to acquire Symmetry Surgical Inc. ("Symmetry" or the "Company") for a total equity value of ~$140.3 million. Symmetry, based in Nashville, TN, is a leading marketer of reusable, reposable and single-use surgical instrumentation and specialty devices. The transaction is subject to customary closing conditions and is expected to close in the late second or early third quarter.

Thomas P. Kapfer, a Senior Operating Partner of RoundTable, will serve as Chairman of the Board of Symmetry. Thomas J. Sullivan, the President and Chief Executive Officer at Symmetry, will continue to lead the Company's management team.

"We are very excited to partner with Symmetry," stated Tom Kapfer. "The Company's comprehensive product portfolio is comprised of well-known brands that are recognized by hospitals and physicians worldwide. We look forward to working with the management team as they continue to serve their customers and grow the business."

"We are thrilled to announce our second investment from our fourth equity fund," said Lester B. Knight, one of the firm's Founding Partners and Chairman of RoundTable's Management Committee. "This investment continues our now 15-year strategy of focusing on companies that can benefit from our operating and transaction expertise."

About Symmetry Surgical Inc.

Symmetry is dedicated to developing and delivering high-quality, innovative surgical instruments that meet clinicians' needs and improve patients' lives. The Company collaborates with healthcare providers around the world to provide medical devices that exceed customers' expectations and provide solutions for today's needs and tomorrow's growth. Symmetry's rich and diverse history creates one of the industry's most comprehensive surgical instrument portfolios, which includes well-known brands such as BOOKWALTER^®, GREENBERG^®, OLSEN^®, SYMMETRY^®, SHARP KERRISON™, FLASH PAK^®, CLASSIC^®, CLASSIC PLUS^®, SECTO^®, QUAD-LOCK^®, RAPIDCLEAN^®, MAGNAFREE^®, MIDAS TOUCH^®, MICROSECT^®, ULTRA INSTRUMENTS^®, MULTIPAK^®, ACCESS SURGICAL INTERNATIONAL^®, RILEY MEDICAL^®, TRANSPAK^®, OPTI-LENGTH^®, THE ULTRA SYSTEM^®, BOOKWALTER ROTILT^®, SYMMETRY ACCESS™, and VESOCCLUDE™. For more information, please visit www.symmetrysurgical.com.

About RoundTable Healthcare Partners

RoundTable Healthcare Partners, based in Lake Forest, IL, is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable has established a successful track record of working with owner/founders, family companies, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable has raised $2.75 billion in committed capital, including four equity funds totaling $2.15 billion and three subordinated debt funds totaling $600 million. More information about RoundTable Healthcare Partners can be found at www.roundtablehp.com.

SOURCE RoundTable Healthcare Partners