Ravinia Capital LLC ("Ravinia"), a Chicago-based boutique investment bank focused on sell-side M&A for distressed middle market companies, is pleased to announce the sale of Medivative Technologies, LLC ("Medivative"), a prominent Indiana medical device manufacturer, to Kimball Electronics Group, LLC. Ravinia, in collaboration with John Kemp of Wolverine Partners, led the transaction and completed the sale process in less than 90 days.
Due to a market recall of a key product line in late 2015, Medivative experienced rapid profitability and liquidity challenges. Once retained Ravinia, with John Kemp leading the transaction, worked quickly to launch a full sell-side process, and marketed Medivative to various distressed-focused private equity firms and strategic companies. Working closely with their client’s other professional advisors, Ravinia was able to complete the transaction swiftly and thereby avoid more draconian restructuring options.
