CMT
Industry:
Medical Imaging
Investment Date:
May 2003
Investment Type:
Buyout
Company Description:
Founded in 1985, CMT has become a leading developer of digital x-ray acquisition technology. CMT sells its products through OEM agreements with global medical imaging manufacturers and directly to medical imaging centers through a network of over 100 distributors. Exports from Israel accounted for over 90% of CMT's sales.
Transaction:
Shamrock invested $5.9 million acquiring its stake in CMT from Paul Capital and working together with the management to evaluate various global expansion opportunities.
Realization:
In September 2005, Shamrock executed a block sale of its holdings in CMT. This investment produced an IRR of 35% and a 2x multiple.
