Aterian Investment Partners' Continuation Vehicle Acquires Vander-Bend Manufacturing

October 30, 2023

Aterian Investment Partners closed Aterian Opportunities II, LP, a ~$460 million single-asset continuation vehicle to purchase Vander-Bend Manufacturing from Aterian Investment Partners II (Fund II). The transaction provides approximately $90 million of incremental growth equity to Vander-Bend and is anchored by investors including J.P. Morgan Global Alternatives, Hollyport Capital and Blackstone Strategic Partners; Aterian management and certain Fund II LPs rolled meaningful equity.

Buyers
Aterian Investment Partners (Aterian Opportunities II, LP), J.P. Morgan Global Alternatives, Hollyport Capital, Blackstone Strategic Partners, Aterian Investment Partners III / Fund III
Targets
Vander-Bend Manufacturing, Inc.
Sellers
Aterian Investment Partners II, LP (Fund II)
Industry
Medical Devices
Location
California, United States
Transaction Type
Recapitalization

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