The Stephens Group, a private investment firm, announced that it finalized its partnership with CoreLink. The equity investment by Stephens Group completes a recapitalization to support CoreLink's growth. Terms of the transaction were not disclosed.
CoreLink is a manufacturer of spinal implants and instrumentation, such as pedicle screw systems, interbody spacers, plates and biologics. In May 2016, the company launched the Entasis™ SI Joint Fusion System.
Sources: The Stephens Group, LLC; ORTHOWORLD Inc.
In the first half of 2016, four private equity firms were involved in deals with orthopaedic device companies:
- EQT completed acquisition of the majority of shares of Lima Corporate.
- Keensight Capital purchased aap Implantate's biomaterials unit.
- Kohlberg & Company acquired majority ownership of Amendia.
- Thompson Street Capital Partners acquired ISTO Technologies.