Shearman & Sterling advised a debt fund on the financing of the acquisition of iSimulate Pty. Ltd. by 3B Scientific, a portfolio company of private equity investor J.H. Whitney Capital Partners, LLC. iSimulate is a provider of simulation tools in the healthcare industry headquartered in Canberra, Australia.
iSimulate was founded by Peter McKie and Anthony Lewis in 2011 with the mission of providing effective, reliable and realistic simulation tools. The solution they developed together has revolutionized healthcare simulation training worldwide.
3B Scientific was founded in 1948 in Hamburg, Germany and has grown to be the world's leading manufacturer of anatomical models and a global supplier of innovative and reliable medical simulators for basic, advanced and specialty skill training.