Vention Medical acquires Fast Forward Medical
DENVER, CO (October 29, 2013) – KRG Capital Partners (“KRG”) announces that one of its Fund IV platform companies, Vention Medical, a firm that provides an integrated services solution for the design, engineering and manufacturing of complex medical devices and components, has acquired Fast Forward Medical (“Fast Forward”). With the acquisition of Fast Forward, Vention Medical continues to expand its extensive portfolio of advanced component technology offerings for the development and manufacture of catheter-based devices used in a range of interventional, surgical and minimally invasive procedures. Fast Forward’s breadth of experience in catheter technologies and the company’s strategic location in the Minneapolis, MN area will further expand Vention’s current offering, including medical balloons, catheters, multi-layer extrusions, heat shrink tubing, polyimide and micro-tubing for a variety of catheter assemblies and minimally invasive medical devices.
Fast Forward’s talented team of management shareholders will continue to lead the Fast Forward business post-acquisition and assist the broader Vention platform in servicing Vention’s customers. By combining the two entities, Vention and Fast Forward will better support their respective customers by increasing scale, expanding capabilities and improving local market presence.
KRG Capital Partners Fund IV (KRG) made its initial investment in Vention Medical in May of 2008. The acquisition of Fast Forward represents the 185th investment for KRG since inception.
About Vention Medical: Vention Medical is an innovative, global medical device solutions partner offering clients more than 30 years of experience in all phases of design, engineering, component manufacturing, and finished device assembly. Vention Medical specializes in components and services used in interventional and minimally invasive surgical products, including medical balloons, catheters, heat shrink tubing, polyimide, clean room injection molding, finished device assembly and packaging services. Visit Vention at www.ventionmedical.com.
About Fast Forward: Fast Forward, founded in late 2007 and headquartered in Plymouth, MN, is a component technology business that focuses on design and early stage manufacturing with strong technology in the catheter design and assembly space. The three founders of Fast Forward have a deep knowledge of braided shafts and complex catheter design.
About KRG Capital Partners: Founded in 1996, KRG is a Denver based private equity buyout firm with $4.4 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.1 billion deployed since inception by institutional equity co-investors. The Firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 45 platform companies and has completed 140 add-on acquisitions for those platforms.