Aspen Surgical Products Inc., an Audax Private Equity-backed disposable surgical products company, has purchased Symmetry Surgical, a provider of surgical and specialty instrumentation, electrosurgery products and minimally invasive surgical devices, from RoundTable Healthcare Partners.
Symmetry is based in Nashville and has additional operations in Louisville, Ky., Tuttlingen, Germany and Melbourne, Australia. The acquisition of Symmetry adds to Aspen’s portfolio with additional brands, provides diversification into other categories and adds new commercial competencies and routes-to-market with a national direct-sales infrastructure.
“The portfolio is synergistic with Aspen and supports our mission to deliver essential products that improve safety and efficiency in the surgical environment,” comments Jason Krieser, CEO of Aspen.
Piper Sandler acted as financial advisor to Aspen and Audax. Kirkland & Ellis LLP served as legal counsel to Aspen and Audax during this transaction. Antares Capital, Golub Capital, BMO Sponsor Finance, and Apogem Capital provided senior debt financing; Churchill Asset Management, MetLife Investment Management, and Northwestern Mutual Capital provided junior debt financing; and Linden Structured Capital provided preferred equity financing to support the transaction.