PE-backed Vention Medical has purchased Fast Forward Medical for an undisclosed amount.
Fast Forward, headquartered in Minneapolis, makes technology for catheter manufacturing.
Vention specializes in minimally invasive surgical products, including medical balloons, catheters, heat shrink tubing, polyimide, clean rom injection molding and other products. The acquisitions should expand Vention’s portfolio.
Vention is owned by KRG Capital Partners, a Denver-based private equity firm. KRG has about $4.4 billion in capital under management, and invested in Vention in May 2008. In July, the firm picked up RiverTech Medical, which supplies tubing for medical devices.
Other recent medical device deals include Forsyth Capital Investors LLC’s purchase of Vante Inc., and Neusoft Medical Systems Co. Ltd.’s purchase of an additional 25 percent stake in Philips & Neusoft Medical Systems Co. Ltd.
For more on catheters, see "The Buyside: Strategic Buyers Circle Catheter Makers."