5th Century Partners (5CP) has announced it has made a majority investment in LSL Healthcare.
LSL, founded in 1985 and based in Niles, Ill., is a manufacturer of single-use medical devices, IV start kits, surgical procedure kits and hospital supplies.
5CP, based in Chicago, focuses on middle market companies within the healthcare, consumer and business services industries. The firm’s initial fund will pursue companies with $2 million to $20 million of EBITDA, with individual equity investments having a target range of $5 million to $50 million.
Terms of the investment were not disclosed.