Middle-market private equity firm GTCR has created a platform company called Regatta Medical Holdings LLC with funds from GTCR Fund XI, the firm’s PE fund with $3.85 billion in capital, to make add-on deals. As part of the deal, the firm has partnered with Robert “Chip” Hance, a 30-year healthcare professional who is investing in the company.

Regatta Medical, headquartered in Chicago, is focusing on acquiring companies and assets in the medical device industry. “We are excited to create this medical device platform behind Chip and are actively looking for companies and assets in the sector, including stand-alone businesses and corporate carve-outs,” states GTCR managing director Sean Cunningham.

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