Daily News: February 5, 2018

Sagard Provides $42.5MM Facility for Seisa Medical

Seisa Medical closed a $42.5 million senior secured credit facility with Sagard Credit Partners.

The proceeds will be used to pay fees and expenses associated with the transaction, fund a dividend to shareholders and complete acquisitions. Specifically, Seisa plans to acquire companies that will expand its geographical footprint and enhance its expertise and service offerings in injection molding, tubing and extrusion, and device assembly.

“We are excited to begin this relationship with Sagard Credit Partners as a long-term strategic and financial partner,” said Julio Chiu, Seisa founder and CEO. “With this facility, we are well positioned to execute on our growth strategy to expand through acquisitions in a prudent and accretive way.”

Based in El Paso, TX, Seisa is a full-service provider of integrated manufacturing and development to the medical device industry with facilities in the U.S., Mexico and Europe.

Sagard Credit Partners provides direct credit financing to public and private middle market companies across Canada and the U.S.