Corporate Finance Associates Initiates Recapitalization of Cirtec Medical Systems

December 15, 2010 (PRLEAP.COM) Business News
Los Angeles, CA - Corporate Finance Associates (CFA), an international middle-market investment banking services firm providing merger and acquisition, business valuation, capital resources, and financial advisory services, announced it initiated the recapitalization of Cirtec Medical Systems by Century Park Capital Partners.

Cirtec Medical Systems was formed in 2009 by the merger of Circle Medical Devices of Los Gatos California with Texcel Medical of Springfield Massachusetts. The resulting company became a leader in providing client focused, comprehensive medical product design, engineering and manufacturing solutions. Cirtec Medical Systems offers clients a broad range of technical capabilities that not only improve device design, but also reduce the time it takes to bring a product to market.

"When I first had discussions with Cirtec's management team, it became evident they were seeking a growth partner that understood the medical device industry and would work with an existing management team. Century Park Capital Partners was a perfect choice. Their proven track record in growing medical device companies coupled with their collaborative philosophy was exactly the right blend for Cirtec," said David DuWaldt, Managing Director of Corporate Finance Associates in Los Angeles.

"As the economy improves we are beginning to see more and more quality M&A deals crossing the finish line," said Peter Heydenrych, Corporate Finance Associates CEO. "But a successful conclusion, as in the Cirtec Medical Systems / Century Park Capital Partners transaction, depends more than ever on the quality of the opportunity represented by the transaction and on the commitment of the principals."

Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing equity for recapitalizations, buyouts, growth financings, and acquisitions.

Transaction Information
On November 12, 2010 Century Park Capital Partners LLC recapitalized Cirtec Medical Systems in a private transaction. The terms were not disclosed. The transaction was initiated by David DuWaldt of Corporate Finance Associates.

About Corporate Finance Associates
Corporate Finance Associates is a major investment banking services firm, with over 30 offices across North America providing middle-market companies with a wide range of financial advisory services and access to capital resources. From project inception to completion a senior principal guides clients through every challenge, advocates on their behalf, and leverages CFA's experience and extensive resources. More information on selling a business is available via the Internet at