“We are delighted to have MML Ireland on board as an investment partner as we take Schivo Medical into its next stage of growth and development. We chose MML Ireland as the preferred equity partner as they clearly recognise the potential for the business and share our long-term ambitions for growth”

Graham Reeves, CEO, Schivo Medical

Schivo Medical

schivomedical.com
Provided investment alongside an experienced industry investor group to acquire the business in a bilateral process with a commitment to support future organic and acquisitive growth.

The business

Schivo Medical is a leading outsourced medical component contract manufacturer.

The deal

Originally established as a multi-industry outsourced component manufacturer, Schivo Medical repositioned to focus on the medical and life sciences sectors in 2016. The business operated from a well invested facility with long-standing, blue-chip customer relationships in a market with strong growth dynamics. MML Ireland invested alongside an industry leading team, led by Graham Reeves, to use Schivo Medical as a platform for organic and acquisitive growth. Graham wanted an equity partner to support an ambitious growth agenda and create an equity incentive plan for the wider management team. Since investing, Schivo Medical’s organic business has grown significantly and it completed its first acquisition, SSP in the US in early 2021.

Fund
MML Ireland Fund I
Region
Republic of Ireland
Deal Status
Current
Sector
Healthcare & Manufacturing

Related news

Schivo acquires Supreme Screw Products
Schivo has acquired Supreme Screw Products, Inc. (SSP) based in Plainview, New York, a leading supplier of precision machining, laser processing, and assembly services for the medical device market.

Associated deal team

Rory Quirke

Partner and Co-Head of Investments

Stephen Minogue

Investment Director

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For investors in MML Ireland Fund I, MML Ireland Fund II & MML Fund VI

For investors in MML Fund VII