News

ISIS backs Surgi C

April 2010

ISIS Equity Partners, investing funds from the Baronsmead VCTs, has completed a £3.75m replacement capital transaction in Surgi C Limited ("Surgi C"), the UK's leading independent distributor of spinal implants.

Based in Birmingham, the business was originally incorporated in February 2007, following the acquisition of the distribution business of Surgicraft, by the current Managing Director, Peter Dines.  Since then the business has grown strongly, as a result of a growing product portfolio and high levels of education and support offered to spinal surgeons through a well trained national sales force.  

 

Peter Dines, who will continue in his role as the major shareholder and Managing Director commented "With their experience in working with fast growing healthcare assets, ISIS are definitely the right partner to help Surgi C in our plans to grow both our core spinal business, but also to expand our proposition into other niche orthopaedic segments.” 

 

Following two successful healthcare exits in the last 6 months, this represents the first investment for ISIS in the secondary care market, a sector which ISIS has been interested in investing for quite some time. Matthew Caffrey, who led the transaction commented "Surgi C is an exciting investment with a broad range of innovative products that will continue to grow as surgical techniques in the spinal market develop. Using the core business as a platform, we hope to acquire other businesses that complement the Company’s entrepreneurial culture and accelerate the impressive growth that Peter and his team have driven over the last 3 years.”

For further information, please contact the marketing department on info@surgi-c.com or 0121 222 5692