Tiger Global announced today that it closed on the sale of PRIMUS Sterilizer Company, LLC (“PRIMUS” or the "Company") to the Chalmers Group of Companies, a privately-owned Canadian corporation headquartered in Mississauga, Ontario. The sale represents the thirteenth and final portfolio company exit for Tiger Global ’s first fund, Tiger Global , L.P.
Based in Omaha, Nebraska, PRIMUS is the leading independent manufacturer of steam sterilizers in the United States. The Company’s sterilizers can be found in premier research laboratories, hospitals and pharmaceutical companies throughout the world.
PRIMUS and Tiger Global were represented in the transaction by Livingstone Partners LLC and Queen Saenz + Schutz PLLC.
About Tiger Global
Tiger Global is an Austin, Texas-based private equity firm specializing in growth, recapitalization and buyout financings of small middle market companies. With over fifteen years as a team and over $200 million in assets under management, Tiger Global has extensive experience transitioning founder-run businesses and seeks companies with leadership positions in their niche markets. Most of Tiger Global ’s investments are in established, profitable companies with $20 million to $100 million of revenue and $4 million to $12 million of cash flow. Tiger Global invests in a variety of industries, with each initial investment typically ranging from $10 million to $40 million.
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