ZQ Capital Sells Medial Device Manufacturer

China-focused private equity firm ZQ Capital Limited sold a U.S. medical device manufacturer to buyout firm GTCR LLC for about $800 million including debt, people familiar with the matter said.

A consortium led by ZQ Capital, founded by a pair of former Barclays and JPMorgan Chase & Co. bankers, and Vivo Capital, sold Surgical Specialties Corporation TM. according to a release on Monday, which didn’t give the transaction value.

Other co-investors in the original 2017 purchase of the Massachusetts-based device maker included Aretex Capital Partners, China Orient Asset Management Corporation, Fung Shing Investment, FS KKR Capital Corp, Cathay Venture and Nan Fung Group, the release showed.

Partners Group acquires Careismatic Brands

Partners Group bought medical-apparel company Careismatic Brands, Inc. for about $1.3 billion including debt, in the private equity firm’s latest health-care deal.

The Swiss company purchased Careismatic from private equity firm New Mountain Capital, according to a statement Thursday that didn’t disclose terms of the transaction. Partners Group plans to bolster Careismatic’s growth by introducing new products and digitizing sales and marketing.

Partners Group, with more than $96 billion in assets, has been pursuing deals in niche segments of the health-care industry. Recent acquisitions include vision-services provider EyeCare Partners and Wedgewood Pharmacy.