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Capstone Partners Advises Radius Medical Technologies in Strategic Transaction
February 28, 2006
Boston, MA - Capstone Partners LLC, a national middle-market investment
banking advisory firm, announced today that it has successfully
advised Radius Medical Technologies, Inc. in a strategic transaction
with an undisclosed leader in the medical device technology industry.
The transaction will extend Radius Technologies’ established
capabilities as a premier manufacturer of highly engineered guidewire
products to the medical technology sector.
The transaction is a continuation of Capstone’s investment
banking relationship with Radius, which dates back to 2004 when
Capstone divested certain technology assets of Radius to Medtronic,
Inc. (NYSE: MDT). Capstone is currently serving as Radius’ ongoing
investment banking advisor across various internal initiatives
and alliances. With respect to the most recently closed strategic
transaction, Capstone managed the transaction process, acted as
financial advisor, and assisted in the negotiations on behalf of
Radius Medical Technologies, Inc. The terms of this transaction
were not disclosed.
John Ferrara, Capstone’s president and managing partner,
commented, “Radius has always been a market leader in the
medical segments it serves. We were happy to get this transaction
completed on their behalf so that they can begin to focus on some
of their new and exciting technology developments.” He
added, “This transaction was great timing for our Medical
Device Group, which is currently in the market with five other
transactions. The med-tech market has remained extremely
vibrant and we are very bullish on the next 12 to 24 months.”
About Radius
Radius Medical Technologies, Inc. is a privately
held corporation based in Acton, MA, specializing in the design,
development and marketing of minimally invasive medical devices
for treating cardiovascular disease. For more information, visit
www.radiusmed.com.
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