M&A Deal Summary

Alliqua BioMedical Acquires Celleration

On February 2, 2015, Alliqua BioMedical, Inc. acquired medical products company Celleration, Inc. from Prism Capital and Aavin Equity Advisors, LLC for 30M USD

Acquisition Highlights
  • This is Alliqua BioMedical’s 2nd transaction in the Medical Products sector.
  • This is Alliqua BioMedical’s 2nd largest (disclosed) transaction.
  • This is Alliqua BioMedical’s 2nd transaction in the United States.
  • This is Alliqua BioMedical’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2015-02-02
Target Celleration, Inc.
Sector Medical Products
Buyer(s) Alliqua BioMedical, Inc.
Sellers(s) Prism Capital
Aavin Equity Advisors, LLC
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Celleration, Inc.

Eden Prairie, Minnesota, United States
website
Celleration, Inc. is a privately held medical device company. Celleration develops and markets a proprietary technology that has been proven to accelerate healing in wounds by delivering therapeutic, low frequency ultrasound without direct contact of the delivery device to the wound surface. Celleration's core product, the MIST Therapy System, has been clinically shown to positively impact all critical aspects of the wound healing process providing clinical and economic benefits to institutions treating nonresponding wounds.

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Buyer(S) 1

Buyer

Alliqua BioMedical, Inc.

Langhorne, Pennsylvania, United States

website


Category Company
SectorMedical Products
Revenue 2M USD (2018)
DESCRIPTION

Alliqua provides a custom manufacturing solution to partners in the medical device; cosmetics; and OTC industry, utilizing its proprietary hydrogel technology. Alliqua's electron beam production process, located at its 16,500 square foot GMP manufacturing facility in Langhorne, Pa., allows Alliqua to custom manufacture a wide variety of hydrogels. Alliqua's hydrogels can be customized for various transdermal applications to address market opportunities in the treatment of wounds as well as the delivery of numerous drugs or other agents for the pharmaceutical and cosmetic industries.


DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Minnesota) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 Choice Therapeutics, Inc.

Wrentham, Massachusetts, United States

Choice Therapeutics, Inc. is a privately held wound care company with proprietary technologies and products.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 Soluble Systems LLC

Newport News, Virginia, United States

Soluble Systems LLC is a manufacturer and/or distributor of a line of advanced wound care products under the brand names TheraSkin and TheraGauze. Soluble’s lead product, TheraSkin®, is a cryopreserved human skin allograft for non-responsive chronic wounds which competes in the fast growing biologic market of advanced wound care.

Buy $35M

Seller(S) 2

SELLER

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.


DEAL STATS #
Overall 23 of 29
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 13 of 18
State (Minnesota) 3 of 3
Country (United States) 23 of 29
Year (2015) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 3D Medical Manufacturing, Inc.

Riviera Beach, Florida, United States

3D Medical Manufacturing is a manufacturer of critical high precision medical device implants, cutting tools, instruments, and electro-mechanical assemblies. Specializing in full service fabrication from materials of Titanium, Stainless Steel, PEEK, precious metal, Aluminum, and plastic that demand close tolerances and superior cosmetic finishing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Bell Automotive Products, Inc.

Scottsdale, Arizona, United States

Bell Automotive Products, Inc. is a supplier of automotive convenience accessories, which include air fresheners, drink holders, cargo racks, cell phone accessories, license plate frames, seat and steering wheel covers and other products.

Sell -
SELLER

Aavin Equity Advisors, LLC

Cedar Rapids, Iowa, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 87M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

AAVIN Private Equity is a private investment firm that targets investments in smaller companies at all stages of development from early stage to later stage/buyouts. AAVIN typically looks for opportunities located in the Midwest and typically commits $1 to $5 million of capital per transaction. Sectors of interest include medical services & devices, telecommunications, manufacturing & distribution, industrial products & services and computer & software. AAVIN was formed in 1999 and is based in Cedar Rapids, Iowa.


DEAL STATS #
Overall 7 of 10
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Minnesota) 2 of 3
Country (United States) 7 of 10
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-30 Ruffalo Noel Levitz LLC

Cedar Rapids, Iowa, United States

RNL is a provider of fundraising, membership and enrollment management services and software for institutions of higher education and high-affinity nonprofit organizations. RNL was founded in 1991 and is based in Cedar Rapids, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-01 Transfer Tool Products, Inc.

Grand Haven, Michigan, United States

Transfer Tool Products, Inc. is a manufacturer of complex deep drawn metal components and assemblies, specializing in high-volume production of small custom parts in steel, stainless steel, brass, aluminum, and other metal alloys. Transfer Tool Products was founded in 1985 and is based in Grand Haven, Michigan.

Buy -