Five Arrows completed the acquisition of a majority stake in Schivo from MML Growth Capital.

Five Arrows, a private equity firm, completed the acquisition of a majority stake in Schivo, a manufacturer of healthcare OEMs, from MML Growth Capital, a private equity firm. Financial terms were not disclosed. “Schivo is an outstanding medical outsourced contract development and manufacturing business servicing leading customers in the sector, with significant opportunity to grow both organically and via acquisition. We were attracted by Schivo’s differentiated ability to manufacture complex micro-engineered components, the sizeable end markets that it serves and the ability of the management team to execute on an ambitious growth plan. We are very pleased at the opportunity to invest in the company and look forward to working with Graham and the team to grow the business in the coming years,” Kunal Pandit, Five Arrows Partner.