Oak Hill Advisors leads private debt financing for Tyber Medical acquisition.

Oak Hill Advisors served as Administrative Agent and Lead Left Arranger for the private senior debt financing supporting the acquisition of Tyber Medical by Montagu Private Equity. Tyber Medical is a leading orthopedic device manufacturer serving the spine and trauma end markets. Montagu will merge Tyber Medical with its existing portfolio companies Resolve Surgical Technologies and Intech Medical to create a CDMO offering end-to-end services. OHA is one of the largest holders across the new first lien facility.

Oak Hill Advisors (OHA) has played a pivotal role in the private senior debt financing supporting Montagu Private Equity's acquisition of Tyber Medical, LLC. Tyber Medical is a leading orthopedic device manufacturer that serves the spine and trauma end markets. The acquisition will see Montagu merging Tyber Medical with two of its existing portfolio companies, Resolve Surgical Technologies and Intech Medical, to create a scaled contract development and manufacturing organization (CDMO). This CDMO will offer end-to-end services, including product conceptualization, development, manufacturing, and regulatory approval for advanced surgical systems.

OHA, acting as the Administrative Agent and Lead Left Arranger, is one of the largest holders across the new first lien facility. The firm's comprehensive understanding of CDMOs, having invested in several leading private and public companies within the market, positioned it to diligence the financing opportunity with speed and certainty. Eric Muller, Partner and Portfolio Manager at OHA, stated, "Our deep history of investing in CDMOs allowed us to quickly gain conviction in each of Tyber Medical, Resolve and Intech, and we look forward to supporting the accelerated advancements within orthopedics that we believe will be driven by the scale and domain expertise of the combined business."

Henry Johnson, Partner and Head of Capital Markets at Montagu, expressed his delight in establishing the new debt financing and partnering with OHA, stating, "The transaction will support the business’s strategic initiatives and represents another successful capital markets execution in the U.S. for Montagu." Rothschild & Co served as financial advisor to Montagu for the debt financing transaction, while BMO Capital Markets also participated as OHA's private credit joint venture partner.

Tyber Medical, founded in 2012, has released more than 50 spine, extremity, and trauma systems, and aims to develop and utilize differentiated bioengineered technologies, including surface treatments and coatings, to advance orthopedic science. Montagu, with a focus on businesses with a must-have product or service in a structurally growing marketplace, specializes in carve-out and other first-time buyout investments. The firm has deep expertise in five priority sectors: Healthcare, Financial Sector Services, Critical Data, Digital Infrastructure, and Education. Montagu partners with companies with enterprise values between €200 million and €1 billion and has €14 billion of assets under management.

References:
[1] https://www.marketscreener.com/quote/stock/T-ROWE-PRICE-GROUP-INC-40311214/news/OHA-is-Administrative-Agent-and-Lead-Left-Arranger-of-Private-Debt-Financing-Supporting-Montagu-s-50274846/
[2] https://www.taiwannews.com.tw/en/news/6137430