- posted in News
Minneapolis, MN, November, 2015 – Spell Capital Partners, a leading lower middle market private equity firm, announces the sale of its portfolio company, Ansonia Plastics, LLC (d/b/a NPI Medical). NPI Medical was the third investment in Spell Capital Partners Fund III and is a new product introduction company which provides a full range of product development and manufacturing services including prototyping, tooling, production molding, assembly and other value-added services for the MedTech, consumer and electronics markets. Spell Capital Fund III invested in NPI Medical in 2007 and worked with the management team to grow revenue, increase profitability and expand the company’s product offerings. The transaction closed on June 28, 2015. Financial terms were not disclosed.