RoundTable Healthcare Partners Completes Sale of Avalign Technologies Holdings, Inc. to Arlington Capital Partners
RoundTable Healthcare Partners Completes Sale of Avalign Technologies Holdings, Inc. to Arlington Capital Partners
Transaction Marks the Sixth Portfolio Realization for RoundTable’s Fund I
LAKE FOREST, IL, July 15, 2015 – RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that it has completed the sale of Avalign Technologies Holdings, Inc. (“Avalign”) to Arlington Capital Partners (“Arlington”). Arlington is a Washington, DC-based private equity firm focused on growth industries, including healthcare services, aerospace/defense, government services, and outsourced business services and software. Terms of the transaction were not disclosed.
Avalign, based in Lake Forest, IL, is a premier, full-service precision manufacturer of implants and instruments, specialty instrumentation, cutting tools, and cases and trays to the orthopedic medical device and specialty surgical markets. The Company offers its OEM partners a broad portfolio of manufacturing solutions and extensive engineering design, development, and project management capabilities from concept to launch. Avalign has an established reputation for consistent and sophisticated quality systems, flexible capacity capabilities, and superior customer service. These end-to-end capabilities allow the Company to drive significant, measurable value to customers by improving design, accelerating speed to market, and reducing cost.
Since entering the business in October 2005, RoundTable built the Company from a niche, family-owned business into a platform with a complete suite of high-precision manufacturing capabilities and an unrivaled reputation for quality through a combination of organic growth and strategic acquisitions.
“Avalign’s management team has built a best-in-class manufacturing platform, providing a consultative go-to-market approach and project management capabilities for its OEM customers,” said Joseph F. Damico, Founding Partner and Co-Chairman of RoundTable and Chairman of Avalign. “We believe that Arlington will be an excellent partner to help the Company achieve its next phase of growth.”
Forrest Whittaker added, “RoundTable has been an exceptional partner for Avalign since the initial acquisition in 2005. They have supported strategic investments across all aspects of our operations and provided significant capital and transaction assistance for transformative acquisitions. We look forward to partnering with Arlington to continue the expansion of our market-leading capabilities.”
William Blair & Company, LLC acted as exclusive financial advisor to Avalign Technologies Holdings, Inc. and Sidley Austin LLP acted as exclusive legal advisor to RoundTable in this transaction.
About RoundTable Healthcare Partners
RoundTable Healthcare Partners, 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 $1.9 billion in committed capital, including three equity funds totaling $1.5 billion and two subordinated debt funds totaling $400 million.