Private equity firm the Riverside Co. has made an investment in Simcro Ltd.
Simcro, headquartered in Hamilton, New Zealand, manufactures animal health-delivery systems used for production systems. The company’s customers are mainly pharmaceutical companies, which package the products to users can administer vaccines and other medications.
The deal marks Riverside’s first investment in New Zealand. Terms of the transaction were not disclosed.
In June, the New York firm bought Jacosoft LLC, a company that delivers emergency notifications. In April, the firm picked up TerraSim Inc., a company that develops terrain generation software. The PE firm was named Mergers & Acquisitions Private Equity Firm of the Year for 2012.
Westpac provided debt financing for the deal.
PE and strategic buyers, alike, have been zeroing in on the pet care and animal health sectors. Wind Point Partners portfolio company, for example, acquired two pet toy companies, Canine Hardware and JW Pet Co., in December. Also, Bayer AG acquired Teva Pharmaceutical Industries Ltd.’s (NYSE: TEVA) animal health business for $145 million in September.