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Naples-based medical device manufacturer raises money to support advancement, growth

Naples-based medical device manufacturer raises money to support advancement, growth
naplesnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naplesnews.com Daily Mail and Mail on Sunday newspapers.

Hot streak in mergers and acquisitions globally felt in Southwest Florida

A hot streak in mergers and acquisitions globally has been felt locally. The trend has resulted in some big deals for local entrepreneurs and investors in a little more than six months. One of those big deals involved the acquisition of a company based in Gainesville that generated a record payout to a Naples-based investment fund. Investors in Tamiami Angel Fund I earned more than 10 times the money they put into the company, known as Fracture, with their exit, according to the fund s chairman. The business, started by two University of Florida graduates, prints frameless photos on glass.  Other eyebrow-raising deals include the sale of two longtime, successful manufacturers in Southwest Florida: Storm Smart in Fort Myers and Azimuth Technology in Naples. While the values of those deals haven t been disclosed, market watchers estimate both transactions run into the multimillions.

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