We invested in SmartWave Technologies, a market-leading manufacturer of innovative electronic and electromechanical systems for a broad range of end markets, including the away-from-home restroom market. Founded in 1994, SmartWave designs components for products that require sensing, verifying, or dispensing on behalf of companies in the healthcare, hygiene, sanitary, plumbing supply and other end markets. SmartWave adds value to customers' products by incorporating technology that improves the product functionality and enhances the end user experience.
Linden Capital Partners and Northlane Capital Partners completed the merger of their portfolio companies Chesapeake IRB and Schulman IRB, respectively, to create Advarra, the premier provider of institutional review board (IRB), institutional biosafety committee (IBC), and research compliance services in North America.
We invested in PAR Excellence Systems, a market leader in specialized supply chain management systems for the healthcare industry. Headquartered in Cincinnati, OH, PAR Excellence Systems offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. The systems also simplify the caregivers’ day-to-day tasks and allow them to focus on their core objective of patient care.
We announced our spinout from American Capital, Ltd. in connection with Ares Capital Corporation’s (Nasdaq: ARCC) acquisition of American Capital effective January 3, 2017.