M&A Deal Summary

Alere Acquires eScreen

On February 29, 2012, Alere acquired business services company eScreen from Vintage Fund Management and The Carlyle Group for 270M USD

Acquisition Highlights
  • This is Alere’s 1st transaction in the Business Services sector.
  • This is Alere’s 3rd largest (disclosed) transaction.
  • This is Alere’s 17th transaction in the United States.
  • This is Alere’s 1st transaction in Kansas.

M&A Deal Summary

Date 2012-02-29
Target eScreen
Sector Business Services
Buyer(s) Alere
Sellers(s) Vintage Fund Management
The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 270M USD
Advisor(s) Evercore Group (Financial)
Covington & Burling
Miller Nash Graham & Dunn LLP (Legal)

Target

eScreen

Overland Park, Kansas, United States
website
eScreen, Inc. provides comprehensive pre-employment screening services to local, regional and national employers throughout the United States, including drug testing services and background checks.

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Buyer(S) 1

Buyer

Alere

Waltham, Massachusetts, United States

website


Category Company
Founded 1981
Sector Healthcare Services
Employees9,800
Revenue 2.6B USD (2014)
DESCRIPTION

Alere delivers reliable and actionable information through rapid diagnostic tests, resulting in better clinical and economic healthcare outcomes globally. Alere was founded in 1981 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 20 of 24
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 19 of 23
State (Kansas) 1 of 1
Country (United States) 17 of 20
Year (2012) 1 of 3
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-13 Medical Automation Systems

Charlottesville, Virginia, United States

Medical Automation Systems, Inc. is a provider of information management systems for point-of-care testing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-15 MedApps

Scottsdale, Arizona, United States

MedApps offers a suite of home health devices, including the HealthPAL, a small, portable, dedicated device that the company used to collect data from connected glucose meters, blood pressure monitors, pulse oximeters and weight scales.

Buy -

Seller(S) 2

SELLER

Vintage Fund Management

Los Angeles, California, United States

website


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Vintage Fund Management, LLC is a private investment group that invests in middle-market businesses typically headquartered in California and the Western United States. The Firm targets basic industries that feature limited technology risk. Vintage seeks to invest in companies with revenues between $20 million and $250 million, and EBITDA greater than $3 million. In general, the firm looks to commit $5 to $20 million per investment. Transactions types considered include debt purchases, restructurings, acquisitions, buyouts of passive shareholders, refinancings, majority or minority recapitalizations, and management sponsored buyouts. Vintage Fund Management was formed in 2000 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-28 Avioserv San Diego

San Diego, California, United States

Headquartered in San Diego, Avioserv San Diego, Inc. ('Avioserv') is a leading international provider of commercial aircraft engine products and services to the aircraft engine aftermarket. The Company specializes in the sale, lease, and exchange of airframe components, engine parts, engine modules, engine components, whole engines, and accessories and also provides consignment sales and engine, material, and inventory management services.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 ATS Systems

Santa Margarita, California, United States

ATS Systems, Inc. is a manufacturer of specialty workholding fixtures for serving the machine tool industry.

Sell -
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 195 of 443
Sector (Business Services) 9 of 20
Type (Add-on Acquisition) 95 of 184
State (Kansas) 1 of 2
Country (United States) 130 of 250
Year (2012) 7 of 29
Size (of disclosed) 82 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-28 Insight Communications

Belvidere, Illinois, United States

Insight Communications Company, Inc. is the ninth largest cable company in the United States, serving approximately 1.3 million basic video customers in the four contiguous Midwestern states of Illinois, Indiana, Kentucky and Ohio.

Sell $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 South Indian Bank

Thrissur, India

South Indian Bank is a private sector bank with a predominant presence in South India. The Bank has one of the largest core banking solution enabled branch networks among Indian Private Sector banks. South Indian Bank was founded in 1929 and is based in Thrissur, India.

Buy -