Clarus Capital completed a new $10 million loan facility for a sponsor-backed medical device manufacturer. Financing proceeds replenished liquidity recently utilized to acquire machining centers installed across multiple locations to support long-term contracts with major OEMs.
“This marks Clarus’ second investment within the medical device manufacturing market in the last three months,” Steve O’Leary, CEO of Clarus Capital, said. “Our team’s direct experience in this space was efficiently leveraged to support the client with general liquidity management amidst the scaling of its manufacturing footprint. We look forward to additional opportunities to support the company and sponsor with future capital projects.”
“Clarus continues to execute thoughtful and reliable financing solutions for financial sponsors and their portfolio companies,” Tim Conway, chairman of Clarus Capital, said. “This transaction showcases Clarus’ unique blend of cash flow and equipment finance expertise to meet the needs of the sponsor and its portfolio company.”
