XMS Serves as Exclusive Financial Advisor to Great Point Partners LLC on the Recapitalisation of SteriPack Group
June 13, 2019
CHICAGO, ILLINOIS, June 13, 2019 — XMS Capital Partners, LLC (“XMS”), a global, independent financial services firm providing investment banking, asset management and merchant banking services, announced that it served as the exclusive financial advisor to Great Point Partners LLC on the recapitalisation of SteriPack Group.
Great Point Partners (“GPP”), a Greenwich-based private investment firm focused on the health care industry, today announced the recapitalization of SteriPack (“SteriPack” or the “Company”). The Company is a leading contract manufacturing and value-added services company serving the medical device and pharmaceutical industries. SteriPack has been a continuous innovator in the markets that it serves and has grown both its breadth of services as well as geographic presence. From its original base of operations in Ireland, the Company extended its geographic footprint by adding facilities in Poland (2006), Malaysia (2009) and the United States (2012). SteriPack acts as a “one-stop-shop” solution for their customers by providing a full breadth of services from engineering through production and distribution.
“Since Garry’s founding of the business, SteriPack has been a constant innovator in the medical device contract manufacturing industry and the Company is continuously evolving to meet their clients’ needs through superior customer service and an uncompromising commitment to quality,” said Adam Dolder, Managing Director at GPP.
SteriPack has ~650 employees worldwide and is constantly looking to expand its capabilities and reach, via both organic means and through add-on acquisitions. “Garry, Aiden, and the entire SteriPack team have done a phenomenal job leading the Company through two decades of growth. We look forward to helping them expand their global presence through accelerating that growth with an aggressive add-on acquisition strategy as we have done in many of our other successful investments,” added Bret Tenenhaus, Vice President at GPP.
“Great Point’s impressive track record of investing in the healthcare manufacturing industry and their experience with bolt-on acquisitions made them an ideal partner to help accelerate SteriPack’s growth,” said Garry Moore, founder and CEO of SteriPack. “We have built a great relationship with Great Point since 2015 and are excited to have them as partners, as we strive to better serve our customers around the world.”
XMS Capital Partners acted as exclusive financial advisor to GPP for this marquee transaction.
About XMS Capital Partners
XMS Capital Partners, established in 2006, is a global, independent financial services firm providing investment banking, asset management and merchant banking services to clients. It has offices in Chicago, London and Dublin.
XMS provides Involvement BankingTM, which goes beyond transaction oriented investment banking and focuses on delivering objective, value added advice and custom tailored solutions to help clients achieve their strategic goals. It consistently creates value for its clients by giving them access to comprehensive, independent M&A, strategic advisory, financial restructuring, capital structure advisory and private capital advisory expertise.
XMS Capital Partners, LLC is a FINRA member and SIPC member. XMS Capital Partners (UK) Limited is authorized and regulated by the Financial Conduct Authority. For more information, please visit www.xmscapital.com.
About Great Point Partners LLC
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $1.6 billion of equity capital currently under management and 28 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new private equity investments from GPP III, which has committed capital of $280 million. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on (i) biopharmaceutical/medical device infrastructure, services and supplies, (ii) alternate site care, and (iii) healthcare technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. For more information, please visit www.gppfunds.com.
SteriPack is a leading contract manufacturing and value-added service provider to the medical device and pharmaceutical (primarily drug-device combination products) industries. Serving some of the largest names in the medical device industry, the Company has experienced impressive customer retention and provides the highest quality and customer service. Headquartered in Ireland with 650 employees, SteriPack operates facilities in Poland, Malaysia, and the United States, a critical and differentiating element for its global client base. SteriPack’s international footprint, high quality products, and integrated services created a strong brand presence in the contract manufacturing market, allowing the company to develop long-standing relationships with blue chip device companies. For more information, please visit www.steripackgroup.com.