October 27, 2022 – Aspen Surgical Products, Inc., a portfolio company of Audax Private Equity (“Audax”) and a leader in disposable surgical products, announced the acquisition of Symmetry Surgical from RoundTable Healthcare Partners. Symmetry represents Aspen’s 15th acquisition in total and sixth since Audax’ initial investment in Aspen in 2019. Financial terms of the transaction were not disclosed.
Based in Nashville, TN, with additional operations in Louisville, KY, Tuttlingen, Germany and Melbourne, Australia, Symmetry is a leading provider of high-quality surgical and specialty instrumentation, electrosurgery products, and minimally invasive surgical devices. Symmetry maintains a rich legacy of trusted brands, innovation, and customer service, supporting all surgical specialties and sites of care.
The acquisition of Symmetry augments Aspen’s broad portfolio with additional clinically preferred brands; provides diversification into attractive adjacent categories; and adds new commercial competencies and routes-to-market with a national direct-sales infrastructure across both acute and non-acute settings of care.
Piper Sandler acted as exclusive financial advisor to Aspen and Audax. Kirkland & Ellis LLP served as legal counsel to Aspen and Audax during this transaction. Antares Capital, Golub Capital, BMO Sponsor Finance, and Apogem Capital provided senior debt financing; Churchill Asset Management, MetLife Investment Management, and Northwestern Mutual Capital provided junior debt financing; and Linden Structured Capital provided preferred equity financing to support the transaction.