JPEL Private Equity said MTS Health Investors has announced that its portfolio company Celerion Holdings has partnered with Court Square Capital Partners.

Court Square is investing in partnership with the Celerion management team, who will continue to own a minority interest in the company.

JPEL held an indirect interest in Celerion.

As part of the transaction, JPEL received proceeds of approximately $44.5m. Celerion represented 8.1% of JPEL's private equity investments at the end of September and was JPEL's second largest underlying investment.