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.

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