Harris Williams & Co. Advises TIDI Products on its Sale to RoundTable Healthcare Partners

July 6, 2015

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of TIDI Products, LLC (TIDI) a portfolio company of J.H. Whitney Capital Partners (J.H. Whitney) to RoundTable Healthcare Partners (RoundTable). TIDI is a premier designer, developer and manufacturer of innovative medical devices focused on supporting caregivers and preventing infections across the alternate site, acute care and dental end markets.  The transaction was led by James Clark, Geoff Smith and Bill Kayser of Harris Williams & Co.’s Healthcare & Life Sciences (HCLS) Group and Brooks Hopple of the firm’s Boston office.

“TIDI’s management team continues to build a phenomenal company which maintains leadership across both the caregiver support and infection-prevention markets,” said James Clark, a managing director at Harris Williams & Co. “Their focus on quality, technology and service remains unparalleled and will continue to drive TIDI’s growth.”

“The company’s compelling growth profile and market leadership across various end markets provides RoundTable with significant opportunities for ongoing expansion.  J.H. Whitney has been a thoughtful partner to management at each step along the way and we appreciated the opportunity to help with such an important transaction for everyone involved,” added Geoff Smith, a managing director at Harris Williams & Co.

TIDI offers a diversified portfolio of medical devices and products focused on patient and provider protection, including single-use, semi-durable and capital equipment products.  TIDI’s products represent the first line of defense against healthcare-associated infections and have no direct reimbursement risk.  The company sells its products globally to leading health systems, major healthcare distributors and medical device OEM customers across the alternate site, acute care and dental end markets.

J.H. Whitney, which dates back to 1946, was one of the first U.S. private equity firms and is often credited with pioneering the development of the private equity industry. Today, the firm remains privately owned by its investing professionals and their main activity is to provide private equity capital to small and middle market companies with strong growth prospects in a number of industries including consumer, healthcare, specialty manufacturing and business services.  J.H. Whitney is headquartered in New Canaan, Connecticut.

RoundTable, headquartered in Lake Forest, Illinois, is an operating-oriented private equity firm focused exclusively on the healthcare industry.  RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise.  RoundTable currently manages $1.9 billion in capital, including three equity funds totaling $1.5 billion and two-subordinated debt funds totaling $400 million.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s HCLS Group has experience across a broad range of sectors, including alternate site care; healthcare IT; managed care and cost containment services; medical devices, products and distribution; outsourced clinical and practice management services; and outsourced pharma services. For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.