Audax-based Aspen Surgical Products buys Symmetry Surgical

The seller was RoundTable Healthcare Partners.

  • Aspen is a maker of surgical disposables
  • Piper Sandler acted as financial advisor to Aspen and Audax
  • Since its founding in 1999, Audax Group has raised over $30 billion in capital across its private equity and private debt businesses

Aspen Surgical Products Inc, a portfolio company of Audax Private Equity, has acquired Nashville-based Symmetry Surgical, a provider of high-quality surgical and specialty instrumentation, electrosurgery products, and minimally invasive surgical devices. The seller was RoundTable Healthcare Partners. No financial terms were disclosed.

Aspen is a maker of surgical disposables.

Symmetry represents Aspen’s 15th acquisition in total and sixth since Audax’ initial investment in Aspen in 2019.

“Symmetry’s family of category-leading products and gold-standard brands align well with Aspen’s existing portfolio,” said David Wong, a managing director of Audax, in a statement. “We’re excited to continue investing behind the Aspen platform through both organic initiatives and strategic acquisitions.”

Piper Sandler acted as 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.

Since its founding in 1999, Audax Group has raised over $30 billion in capital across its private equity and private debt businesses. Audax Private Equity invests in North American middle market companies.