Clarus Capital completed a new $20 million lease facility for a sponsor-backed medical device manufacturer. Financing proceeds will support the acquisition of new machining centers installed across multiple locations to support growing demand with major medical device OEMs.
“Clarus continues to support the reshoring efforts within the U.S. medical device manufacturing market, now having provided $100 million of equipment financing since inception to businesses within this sector,” Steve O’Leary, CEO of Clarus Capital, said. “As our investment has scaled, the Clarus team has leveraged its industry-specific underwriting and structuring expertise to tailor financing solutions to the specific needs of its customers. We look forward to the opportunity to expand this relationship through future capital projects.”
Tim Conway, chairman of Clarus Capital, added, “Clarus continues to provide scaled capital solutions for financial sponsors and their portfolio companies. Our decades of leveraged finance expertise has provided us with a sound understanding of the value a reliable financing partner can provide to private equity firms, and we appreciate the opportunity to showcase Clarus’ ability to execute for this sponsor.”
