The Riverside Company has sold Coeur Holding Company, a designer and manufacturer of disposable products used in diagnostic imaging, to Illinois Tool Works. Riverside acquired Coeur in 2008.
Coeur designs and manufactures disposable products used in diagnostic imaging and other medical procedures. The company is based in Lebanon, TN and has manufacturing and assembly plants in North Carolina, Wisconsin, and Mexico (www.coeurinc.com).
“We’re proud of the progress Coeur was able to make while working with the Riverside team,” said Riverside Partner Steve Dyke. Riverside focused on helping enhance Coeur’s management team and improving the efficiency of its manufacturing operations in addition to other initiatives. “We enjoyed our partnership with the Coeur team,” continued Mr. Dyke. “The company makes a wide variety of compelling and critical healthcare products, and we are happy with the important work we did to improve the company during our ownership.”
Vice President Steve Burns worked with Riverside Partner Matt Dailey and Mr. Dyke on the transaction. Riverside Origination Principal Amy Margolis worked with the deal team to facilitate the sale of the business.
Lincoln International advised Riverside on the transaction, and Jones Day provided legal counsel.
The Riverside Company is a private equity firm focused on the smaller end of the middle market (“SEMM”). Riverside specializes in investing in SEMM companies (those valued up to $200 million) and partners with management teams to build companies through acquisitions and value-added growth. Since 1988, the firm has invested in 295 transactions with a total enterprise value of more than $6 billion. The firm is headquartered New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-9-12
