Vance Street Capital Backs Acquisition By A&E Medical

Los Angeles-based private equity investor Vance Street Capital said this morning that its existing portfolio firm, A&E Medical Corporation, has acquired RTI Surgical's Cardiothoracic Closure business. Financial details of the acquisition were not announced. The acquisition is the second acquisition for A&E Medical. Vance Street Capital acquired A&E Medical in February of 2016. Vance Street said it was advised by Paul Hastings LLP in the deal, with RTi being advised by Stephens Inc. and Holland & Knight LLP; the deal also included equity funding from Lexington Partners, Neuberger Berman Private Equity funds, RCP Advisors and Madison Capital Funding LLC, senior debt from BMO Harris Bank and BBVA Compass, and mezzanine debt from Madison Capital Funding LLC. A&E Medical is based in New Jersey. RTI Surgical is based in Florida.