Sale to SFS Group AG

Healthcare
Sale to SFS Group AG

Summary

Baird served as financial advisor to Tegra Medical LLC on this transaction

About

Tegra Medical LLC (“Tegra Medical” or the “Company”), a portfolio company of Riverside Partners LLC (“Riverside Partners”), was recently acquired by SFS Group AG (“SFS”) (SWX:SFSN). Terms of the transaction were not disclosed.

Tegra Medical is a leading provider of precision machining and contract manufacturing services focused exclusively on the medical device industry, providing complete solutions from prototyping to full production, and from complex components to finished medical devices. Offering a wide range of manufacturing technologies, the Company creates devices used in cutting-edge procedures for leading surgical, interventional and orthopedic companies. Tegra Medical has 200,000 square feet of modern manufacturing space in four locations and is ISO 13485:2003 and FDA registered and QSR compliant. Tegra Medical is headquartered in Franklin, Massachusetts.

Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Today, Riverside Partners manages about $850 million of equity capital and seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. Riverside Partners is based in Boston, Massachusetts.

SFS is a global market leader for mechanical fastening systems and precision formed components. SFS is organized into three business segments - Engineered Components, Fastening Systems und Distribution & Logistics which represent the three business models. SFS is a global player with manufacturing sites and distribution companies at more than 70 locations in 25 countries around the world. Sales in business year 2015 amounted to CHF 1.376 bn and the work force numbered approximately 8,300. SFS is headquartered in Heerbrugg, Switzerland.

For additional information about this transaction, please contact:

Rob Andrews +1 (312) 609-5489
Manish Gupta +1 (414) 765-3802
Trish Renner +1 (303) 270-6347
Les Cheek +1 (617) 426-5789
Michael Wolff +49 (0) 691-301-4949
Vincenzo di Nicola +44 (0) 207-667-8532
Healthcare
Sale to SFS Group AG
Date
November 2016
Company
Tegra Medical LLC
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
Europe

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