Barings, one of the world’s leading investment managers, announced today that it served as sole lender of senior secured credit facilities to support Inverness Graham Investments’ portfolio company, Innovia Medical, in its strategic acquisitions of Grace Medical and Hurricane Medical.
Headquartered in St. Paul, MN, Innovia Medical (“Innovia”) is a leading manufacturer of single-use surgical products and sterile processing systems for a broad range of surgical applications.
“Barings is thrilled to partner again with Inverness Graham, as we continue to be impressed by the firm’s ability to scale and enhance its portfolio companies,” said Scott Chappell, Managing Director in Barings’ Global Private Finance Group. “We believe the combination of Innovia Medical with Grace Medical and Hurricane Medical creates a highly compelling platform in the ENT and ophthalmic markets, and we look forward to supporting Inverness Graham as they continue to build on this momentum.”
“The additions of Grace Medical and Hurricane Medical represent a truly exciting milestone in Innovia’s journey and will be transformational to the growth of the combined business,” said Aliya Khaydarova, Managing Principal at Inverness Graham. “Grace Medical and Hurricane Medical meaningfully expand Innovia’s presence in the attractive ENT and ophthalmic markets, enhance the overall product portfolio and manufacturing capabilities, and unlock synergy opportunities with current and new customers. We look forward to supporting the combined team as they integrate and continue to drive accelerated growth.”
About Barings
Barings is a $470+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
*As at 30 September 2025
About Inverness Graham Investments
Inverness Graham is a Philadelphia based buyout firm focused on acquiring innovative, high-growth companies where technology is transforming traditional industry. The firm’s Flagship strategy focuses on businesses in Healthcare, Tech-Enabled Services / Software and Advanced Manufacturing. The firm’s Green Light strategy targets tech-enabled businesses where Environmental Sustainability is a key driver of accelerating growth. Inverness Graham executes a differentiated, repeatable model for value creation through its proprietary Strategic Platform Build approach. Founded by senior executives of the Graham Group, the firm builds upon a 60-year legacy of operational excellence, bringing substantial value creation resources and an innovative mindset to support its portfolio company partners.
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