Montagu intends to create a medical devices supplier by supporting the merger of Tyber Medical, Intech and Resolve Surgical Technologies. As part of the transaction, Montagu entered into a definitive agreement to acquire Tyber Medical, a medical device company providing private label development and manufacturing services to med-tech original equipment manufacturers (OEMs). Subject to customary regulatory approvals and closing conditions, Tyber Medical will be combined with Montagu’s existing investments in Resolve, a provider of contract device design, manufacturing and lifecycle management services, as well as in Intech, a co-development and manufacturing of complex orthopaedic surgical devices.
“Tyber Medical’s proven track record of successful global launches, averaging 12 months from signing to launch, has revolutionized how our partners expand their portfolios and adapt to the evolving market dynamics,” Jeff Tyber, founder and CEO at Tyber Medical said. “This strategic combination brings together the size, scale, and expertise of Intech, along with Resolve’s deep knowledge in the Spine and Cardiothoracic fields. We are delighted to be partnering with Montagu, a leading investment firm in the private label OEM sector, and we share their vision of creating an industry champion.’
“This unique combination represents a significant milestone, enhancing our ability to serve medical technology companies worldwide,” Laurent Pruvost, president and CEO of Intech, said. “By combining Intech’s global manufacturing footprint and know-how with Resolve and Tyber’s tailored solutions, we will establish ourselves as the undisputed partner of choice in the industry.”
“Bringing innovation to market with speed and quality is of the utmost importance to our OEM customers,” Megan Osorio, president and CEO of Resolve, said. “Joining forces will increase our ability to support their growth across the full range of orthopaedic implants and instruments by bringing the deep experience of our respective teams and scale of our manufacturing footprint together.”
“Montagu is proud to support the creation of this world-class medical device platform,” Adrien Sassi, partner at Montagu, said. “The three organizations share similar passion and focus on delivering innovative, high-quality, reliable solutions to OEM customers, surgeons and patients. We look forward to partnering with Jeff Tyber and his talented team, as well as extending our successful collaboration with Intech and Resolve.”
Houlihan Lokey and Dechert, respectively, acted as exclusive financial advisor and legal advisor to Tyber Medical. Weil Gotshal & Manges acted as legal advisor to Montagu, Intech and Resolve.
