(Hamburg, Germany) Out of its New Canaan, Connecticut U.S.A., headquarters office; J.H. Whitney Capital
Partners, LLC focuses on the following.
The focus is a market niche that; is principally investing in small and
middle market buyouts, and, recapitalizations of growth stage businesses in the
United States of America. Additionally,
this type of investment focus or approach, has been done for decades. Furthermore, it is believed that, it has
yielded J.H. Whitney Capital Partners, LLC a superior risk adjusted return on
investment. In order to elaborate on the
previous point; $50 million to $500 million USD are the targeted business’s
revenue, along with, the targeted transaction size. The targeted equity investment is $25 million
to $200 million USD. Recently, the 3B
Scientific Group announced that, it is a J.H. Whitney Capital Partners
portfolio business. Additionally, that
it has its headquarters office in Hamburg, the Country of Germany. Specifically, the aforementioned business
revealed that, it has acquired iSimulate Pty., Ltd. The previous business, is in the healthcare
simulation sector of the economy.
Regrettably, the acquisition cost was not made public.
The
acquisition cost, which was not made public, is expected to be completed during
the first business quarter of the year 2020.
Incidentally, and according to a 2016 Marketandmarkets.com report, the
healthcare simulation market is predicted to reach a value of $2.27 billion USD
by the year 2021. However and returning
to, J.H. Whitney Capital Partners, LLC, the aforementioned private equity firm
was founded in the year 1946. John Hay
“Jock” Whitney is the credited founder.
Additionally, he was an industrialist and philanthropist. Today, J.H. Whitney Capital Partners, LLC
reports that, it has invested in more than 400 businesses. As part of the previously said, it is also
reported that, the aforementioned business currently manages approximately $1
billion USD in investments. Due to the
fact that, it is still privately owned, J.H. Whitney Capital Partners, LLC is a
well respected private equity firm. As
previously said, it focuses its investments on small and middle market
businesses. The sectors of the economy
of these small and middle market businesses are; consumer products, healthcare,
specialty manufacturing and business services.
Finally, the aforementioned private equity firm reports that, it is on
its seventh fund. The seventh fund, or,
the seventh private equity fund includes the following types of investors;
leading foundations, universities, pension funds and other institutions.
Returning
to, the announced acquisition, the aforementioned is based on predicted strong
growth and development. Specifically,
the iSimulate product pipeline is expected to grow due to collaboration and
partnerships. An example, of a
collaborative effort and partnership is between, the 3B Scientific Group and
Cardionics. Post completion of the
acquisition, iSimulate’s business operations are not expected to change. In fact, business operations will still be
conducted at its global offices. The
first global office is in Canberra, the Country of Australia.
Meanwhile, the second global office is in Albany, New York U.S.A.
Additionally; it is planned that Peter McKie, Anthony Lewis and Bobby
Syed will continue to work at iSimulate Pty., Ltd.
Continuing
with, the 3B Scientific Group and iSimulate Pty., Ltd., the aforementioned
businesses are best defined in the following way. In reference to, the 3B Scientific Group, the
aforementioned business was founded in the year 1948. Today; it is considered to be one of the
world’s largest manufacturers of anatomical models, a global supplier of
innovative medical simulators and a global supplier of reliable medical
simulators. The end point of the latter
is basic skills training, advanced skills training and specialty skills
training. In reference to, iSimulate
Pty., Ltd., the aforementioned business was founded by Peter McKie and Anthony
Lewis. The founding year was 2011. The idea of the business was to be a provider
of effective, reliable and realistic healthcare simulation tools. The end point of the latter is healthcare
simulation training.
Peter McKie is the Chief Executive
Officer of iSimulate Pty., Ltd. Through
a press statement, Mr. McKie said the following. “We are proud of the progress we have made
with our company and Anthony, Bobby and I decided that the 3B Scientific team
would be the best partner for us to expand and grow the business in the years
to come. We are excited for the next
step in our journey and appreciate the support from our customers
worldwide. We look forward to working
closely with Todd and his team.”
To end, the 3B Scientific Group did
release a press statement. Todd Murray
is the Chief Executive Officer of the 3B Scientific Group. Through a press statement, Mr. Murray said
the following. “iSimulate has
revolutionized simulation training in healthcare through its creative
simulation solutions including ALSi, REALITi, CTGi and AURiS. We are extremely excited to further develop
the 3B Scientific platform and add the great products and people of iSimulate
to our company.” Todd Murray also said. “Our 3B Scientific global distribution
footprint including fourteen commercial locations is uniquely positioned to
further support and accelerate the growth of iSimulate products worldwide.” As previously stated, the 3B Scientific Group recently announced that,
it is a J.H. Whitney Capital Partners portfolio business. Additionally, that it has its headquarters
office in Hamburg, the Country of Germany. Specifically, the aforementioned business
revealed that, it has acquired iSimulate Pty., Ltd. The previous business, is in the healthcare
simulation sector of the economy. Regrettably,
the acquisition cost was not made public.
Lastly and incidentally, according to a 2016 Marketandmarkets.com
report, the healthcare simulation market is predicted to reach a value of $2.27
billion USD by the year 2021.
###
Written
from Press Release
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Writer with
PR
Newswire Association, LLC
R-Berumen28
01/24/2020
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