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New Deal


Announced

Completed

Vance Street Capital-backed Excel Scientific completed the acquisition of Innovize.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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medical equipment manufacturing

Medical Equipment

Acquisition

Private

Friendly

United States

Domestic

Majority

Private Equity

Completed

Single Bidder

Synopsis

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Vance Street Capital-backed Excel Scientific, a global supplier of microplate sealing films, completed the acquisition of Innovize, an advanced medical contract manufacturer primarily focused on complex materials conversion for critical components of diagnostics, wearables and electronics-focused devices. Financial terms were not disclosed. "We at Innovize couldn't be more excited to enter this new chapter alongside Excel. Vance Street's commitment to invest in our people and our customers aligns with our confidence in the growth of the medical end markets we serve. This partnership catalyzes a new and exciting phase that we believe will yield greater opportunities for collaboration with and innovation for our customers," John Ledy, Innovize President.

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