3i invests in medical designer Cirtec for $136m

Global private equity investor 3i has agreed to invest in medical device designer Cirtec Medical for $136m. The UK-based investor has agreed a deal alongside Cirtec management to purchase the company, which makes products including implantable drug delivery systems and pacemakers. Cirtec was recapitalized in December 2010 with debt from Century Park Capital Partners, and made …