Los Angeles, CA (September 2020) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a unitranche debt and equity investment in Catheter & Medical Design (“CMD”) to support a significant equity investment by Inverness Graham. Founded in 2005 and based in Roseville, MN, CMD develops and manufactures complex catheters and catheter shafts for a broad range of interventional and endosurgical applications.
“We are excited to invest in another medical device outsourced manufacturing business and believe CMD is a highly-attractive platform, offering a compelling value proposition to its global, blue-chip customer base,” said Aliya Khaydarova, Managing Principal at Inverness Graham. “And we’re happy to partner with Avante as we grow this business. We have seen first-hand the experience and partnership approach the Avante team brings to their investments.”
“We are thrilled to partner with Inverness Graham and the entire CMD management team to support the Company through this next phase of growth. Management has built an impressive business over the past 15 years and Inverness brings a wealth of experience in complex, specialty manufacturing for the healthcare sector,” said Ivelisse Simon, Partner at Avante Capital Partners.