sale to Tenex Capital Management

Healthcare
sale to Tenex Capital Management

Summary

Baird served as exclusive financial advisor to Ohio Medical Corporation on this transaction.

About

Ohio Medical Corporation (“OMC” or “the Company”), a portfolio company of MVC Capital (NYSE: MVC), was recently acquired by Tenex Capital Management (“Tenex”). The terms of the transaction were not disclosed.

Ohio Medical Corporation traces its history back over 100 years to the Ohio Chemical & Manufacturing company founded in Cleveland, Ohio in 1910. OMC offers quality branded products, including suction/vacuum regulators, flowmeters, medical gas hoses, medical gas pipelines, and source equipment. The company is headquartered in Gurnee, Illinois, with additional facilities in Madison, Wisconsin and Toronto, Ontario.

MVC Capital is an externally-managed Business Development Company (BDC). MVC Capital seeks to build shareholder value by making yielding, equity and other investments in middle-market companies across various industries, with flexibility to invest across the entire capital structure. MVC Capital is headquartered in Purchase, New York.

Tenex Capital Management is a private equity fund that invests in middle-market companies. Tenex utilizes an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has established a successful track record investing in diverse industries, including industrials, manufacturing, and health and business services. Tenex is headquartered in New York, New York.

For additional information about this transaction, please contact:

Rob Andrews +1 312-609-5489
Manish Gupta +1 414-765-3802
Trisha Renner +1 303-270-6347
Jeff Seaman +1 312-609-4687
Vincenzo di Nicola +44 (0) 207-667-8532
Healthcare
sale to Tenex Capital Management
Date
December 2015
Company
Ohio Medical Corporation
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
North America

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