Private equity firm Kohlberg & Company will acquire Cadence, a global provider of high-precision components and finished devices for orthopaedic and other markets.
The investment from Kohlberg will support Cadence as it expands capabilities across all markets that it serves. Current operations are slated to remain in place, with President & CEO Alan Connor and the present management team at the helm. Headquartered in Staunton, Virginia, Cadence has four U.S. facilities and nearly 500 employees. Its products and assemblies are used to support spinal, trauma, joint reconstruction, arthroscopic and other procedures.
Kohlberg & Company has organized eight private equity funds, through which it has raised $7.5BB of committed equity capital. Kohlberg’s investments have included Amendia, a spinal device manufacturer that rebranded as Spinal Elements in 2017, as well as suppliers Spectrum Plastics and Phillips-Medisize.
Sources: Cadence, Inc.; ORTHOWORLD Inc.
Private equity firm Kohlberg & Company will acquire Cadence, a global provider of high-precision components and finished devices for orthopaedic and other markets.
The investment from Kohlberg will support Cadence as it expands capabilities across all markets that it serves. Current operations are slated to remain in place, with President...
Private equity firm Kohlberg & Company will acquire Cadence, a global provider of high-precision components and finished devices for orthopaedic and other markets.
The investment from Kohlberg will support Cadence as it expands capabilities across all markets that it serves. Current operations are slated to remain in place, with President & CEO Alan Connor and the present management team at the helm. Headquartered in Staunton, Virginia, Cadence has four U.S. facilities and nearly 500 employees. Its products and assemblies are used to support spinal, trauma, joint reconstruction, arthroscopic and other procedures.
Kohlberg & Company has organized eight private equity funds, through which it has raised $7.5BB of committed equity capital. Kohlberg’s investments have included Amendia, a spinal device manufacturer that rebranded as Spinal Elements in 2017, as well as suppliers Spectrum Plastics and Phillips-Medisize.
Sources: Cadence, Inc.; ORTHOWORLD Inc.
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.