Banner Capital-backed Averra Holdings completed the investment in ZIEN Medical.

Banner Capital-backed Averra Holdings, a provider of a custom, sterile packaging solutions for medical devices, completed the investment in ZIEN Medical, a provider of a range of product development and manufacturing services for medical device companies. Financial terms were not disclosed. "We are pleased to partner with Tim and the ZIEN team. We believe the organization is a fantastic complement to Averra Packaging. ZIEN's differentiated approach to design, manufacturing, and expedited product launches naturally positions it as the top choice for OEMs looking to get innovative products to market quickly - domestically or internationally. Their unique positioning alleviates the regulatory and quality burden on clients, reduces cost and accelerates speed-to-market," Ron Labrum, Averra Chairman.