This marks the fourth add-on acquisition since GTCR
invested in laser micro manufacturing specialist Resonetics in February 2018 and furthers the company's strategy to build a market leader in precision micro-manufacturing of complex componentry for interventional medical devices.
The acquisition will be completed through GTCR
's previously established management partnership with Mega Broadband Investments ("MBI") and comes less than a year after MBI's initial platform investment in Northland Communications ("Northland").
In October 2017, GTCR
established MBI -- a second management start-up with Spencer -- to focus on acquiring rural broadband assets as part of a strategy to capitalize on the same trends that made RBI successful.
and MBI's investment in Vyve will be funded from GTCR
Fund XII, a private equity fund raised in 2017 with USD 5.25 bn of limited partner capital commitments.
insurance brokerage, to an investor group led by GTCR
, a Chicago-based private equity firm.
Resonetics is owned by Regatta Medical, a portfolio company of GTCR
has owned Camp since 2012, when it invested in the firm led by CEO Ken Gray and President Vibby Gottemukkala.
Though terms were not disclosed, GTCR
principal Vincent Hemmer said that MSLO, which invested $10 million cash into the entity that completed the purchase, has "a minority equity stake in the business," and a royalty arrangement.
"We're delighted to back an executive of Kevin Condon's stature," said GTCR
principal Joseph P.
and MBI's investment in Eagle will be funded from GTCR
Fund XII, a private equity fund raised in 2017 with USD 5.25bn of limited partner capital commitments.
, a Chicago-based private equity firm, has announced it has agreed to sell a stake in Park Place Technologies, a global third-party maintenance (TPM) provider, to Charlesbank Capital Partners, a Boston-based private equity firm, the company said.