RAVINIA CAPITAL COMPLETES SALE OF MEDIVATIVE TECHNOLOGIES, LLC

Ravinia Capital LLC, a Chicago-based boutique investment bank focused on sell-side M&A for distressed middle market companies, is pleased to announce the sale of Medivative Technologies, LLC, a prominent Indiana medical device manufacturer, to Kimball Electronics Group, LLC. Ravinia Capital, in collaboration with John Kemp of Wolverine Partners, led the transaction team and completed the sale process in under 90 days. Due to a market recall of a key product line in late 2015, Medivative experienced rapid profitability and liquidity challenges.

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Sarah Welchko