Vance Street Capital Partners with Prince Sterilization Services

Vance Street Capital, a Los Angeles-based private equity firm, partnered with the Prince Sterilization Services management team to support the company’s continued growth. The partnership supports Prince Sterilization Services’ growth in the pharmaceutical and medical device sterilization markets._x000D_
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Prince was founded by Dr. Daniel Prince (CEO). Dr. Derek Prince serves as the President. Both Daniel and Derek will retain a material ownership position and continue to run the business’s day-to-day operations._x000D_
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“We are excited about the next chapter of growth and our partnership with Vance Street,” Derek Prince, president of Prince, said. “Their support will enable us to expand our capabilities and offerings and maintain our commitment to providing innovative and reliable sterilization solutions to our valued customers.”_x000D_
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Jozef Mastej, vice president of operations and business development, will also continue in his role._x000D_
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“The Prince family has built a terrific organization, and we look forward to supporting their continued growth,” Steve Sandbo, partner at Vance Street, said. “Prince’s focus on eco-friendly sterilization services and products across the pharmaceutical and medical device markets is a great fit with our past investing experience. We are excited to partner with Prince to support the ongoing buildout of additional capabilities and capacity to serve their growing customer base.”_x000D_
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“Prince is a great representation of our strategy of partnering with founder-owned businesses in critical markets, such as pharma, biopharma and medical devices,” Grady Miller, principal at Vance Street, said. “We are excited to support Prince’s management in developing new growth opportunities, including broadening their product portfolio and services to meet an evolving market’s needs.”_x000D_
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Paul Hastings acted as legal advisor to Vance Street. Capstone Partners served as financial advisor to Prince, while Lowenstein Sandler served as legal advisor to Prince. Debt financing for the transaction was provided by Apogem Capital and Bank of Montreal. Terms of the transaction were not disclosed.