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Wynnchurch Capital sells crash test dummy maker STH to Golden Gate Capital

5 Dec 2013

collision-car-crash_sqMid-market private equity firm Wynnchurch Capital has agreed to sell crash test dummy maker Safety Technology Holdings (STH) to Golden Gate Capital.

STH has been developing  what it calls biofidelic anthropomorphic devices since the early 1950s.

Wynnchurch partner Terry Theodore said, “STH through Humanetics is the leading innovator and a pioneer in the crash test instrumentation and simulation industry.

“Chris O’Connor and his team at Humanetics have done an exceptional job in building upon and enhancing this legacy.

“They have significantly improved the company and expanded it internationally while always remaining focused on providing value and best-in-class service to their customers.

“Ultimately these are products that save lives – Wynnchurch and management are very proud of this fact and the role we’ve played in this during our investment in Humanetics.”

Chicago private equity firm Wynnchurch Capital has closed its third  mid-market focused buy-out fund on $603m, beating its target of $500m.

Coming six years after the close of its second fund on $350m, the close brings the firm’s total capital commitments to $1.1bn. The firm’s debut fund was raised in 2000 and closed on $163m.

Wynnchurch managing partner John Hatherly said, “We are appreciative of the trust and confidence that our investors have shown in our operationally focused private equity model serving the middle market.

Wynnchurch Capital closed its third  fund on $603m in March 2011, easily beating its $500m target.

Coming six years after the close of its second fund on $350m, the close brings the firm’s total capital commitments to $1.1bn. The firm’s debut fund was raised in 2000 and closed on $163m.

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