An announcement was made – that Silverfleet Capital sold Sterigenics for $675 Million to equity group GTCR. The announcement said that the sale will close on the second quarter.
Sterigenics is the largest sterilization servicing firm. The company processes mainly single use medical devices and utilizes both Ethylene Oxide and Gamma sterilization methods. It has headquaters in Oakbrook Illinois.
Neil MacDougall – Silverfleet Managing Partner and Sterigenics Director,was quoted as saying that “(Sterigenics) has grown substantially during the six-year period that we have been investors.” He indicated that their success was attributed to investments in the creation of new service centers in Germany and China and capability expansions in the U.S., U.K., Belgium and France.
David Meyer -Sterigenics Chief Executive was quoted as saying that Silverfleet “fully understood both the opportunities and risks in our business and has, therefore, provided us with the assistance we needed, when we needed it.”