Breakwater Investment Management Provides Additional
Growth Capital Investment to Consensus Orthopedics, Inc.
Private debt fund increases investment in portfolio
company following strong 2009 performance
LOS ANGELES, February 2010 – Breakwater Investment Management, LLC has completed a growth capital investment in Consensus Orthopedics, Inc. (“Consensus”) out of its Breakwater Structured Growth Opportunities Fund, LP (the “Fund”). Consensus designs, manufactures, markets, and sells orthopedic implant devices worldwide.
Founded in 1992 and headquartered in El Dorado Hills, CA, Consensus began operations by designing and manufacturing custom hip products and providing engineering consulting services to some of the most successful companies in the medical industry. Today, the company offers a full line of hip and knee products designed by its expert engineering team in conjunction with input from leading orthopedic surgeons in the United States, Europe, Australia and the Middle East.
“We are very excited to continue working in partnership with the professionals at Breakwater,” said Colleen Gray, CEO at Consensus. “They have consistently supported our growth capital needs and provided the much needed resources to expand the reach of our products worldwide.”
“We are delighted to increase our investment in Consensus and partner with Colleen and her stellar management team,” said Saif Mansour, Managing Partner at Breakwater Investment Management. “Our Fund seeks attractive growth investment opportunities led by management that has a successful track record of success, and Consensus meets those criteria perfectly. With the complement of our capital resources we are excited to continue to support the Consensus mission of building a world-class medical implant company.”
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About Breakwater Investment Management
Breakwater Investment Management (www.breakwaterfund.com) is a private investment firm that specializes in direct investments in small to lower middle market growth businesses ranging in annual sales of $5 million to $100 million. The firm serves as general partner of Breakwater Structured Growth Opportunities Fund, LP, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund’s investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.
If you would like to know more about Breakwater, visit http://www.breakwaterfund.com or call (424) 777-4000.
