Press Release
Capstone Partners Advises Radius Medical Technologies in a Strategic Transaction
May 15 , 2007
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 industry. The transaction will strengthen Radius’ position as a worldwide provider of leading guidewire snare products to the medical technology sector.
The announcement marks the third transaction Capstone has completed with Radius as part of an ongoing investment banking advisory mandate that began in 2004 with the divestiture of certain products by Radius to Medtronic, Inc. (NYSE: MDT). 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. Terms of the transaction, including the identity of the strategic partner, were not disclosed.
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.
Capstone Partners LLC is a leading national investment banking advisory firm dedicated to serving the transaction needs of middle market companies. The firm provides corporate sale & divestiture, merger & acquisition and private placement advisory services across three major industry practices: Specialty Products, Business Services and Technology & Media. www.capstonellc.com
Contact:
John Ferrara
President, Managing Partner
Capstone Partners LLC
617.619.3325