Peloton Equity Leads Growth Recapitalization of Grenova
March 21, 2022
Peloton Equity, alongside Hamilton Lane Impact Fund II and Morgan Stanley AIP Private Markets, closed a growth and recapitalization investment to acquire a majority stake in Grenova, a Richmond, Virginia-based manufacturer of lab sustainability technology. The investment will fund accelerated sales and marketing, new product launches, and global expansion while Grenova management and certain existing shareholders retain a significant ownership stake.
- Buyers
- Peloton Equity, Hamilton Lane Impact Fund II, Morgan Stanley AIP Private Markets
- Targets
- Grenova, Inc.
- Industry
- Medical Devices
- Location
- Virginia, United States
- Transaction Type
- Growth capital
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