M&A Deal Summary

Altaris Acquires Kindeva Drug Delivery

On December 12, 2019, private equity firm Altaris acquired life science company Kindeva Drug Delivery from 3M for 650M USD

Acquisition Highlights
  • This is Altaris’ 4th transaction in the Life Science sector.
  • This is Altaris’ 3rd largest (disclosed) transaction.
  • This is Altaris’ 27th transaction in the United States.
  • This is Altaris’ 3rd transaction in Minnesota.

M&A Deal Summary

Date 2019-12-12
Target Kindeva Drug Delivery
Sector Life Science
Buyer(s) Altaris
Sellers(s) 3M
Deal Type Divestiture
Deal Value 650M USD

Target

Kindeva Drug Delivery

Woodbury, Minnesota, United States
Kindeva Drug Delivery engages in drug delivery that partners with pharmaceutical and biotech companies to develop and manufacture pharmaceutical products using its unique inhalation, transdermal, microneedle, or conventional drug delivery technologies. Kindeva Drug Delivery was formed in 2020 and is based in Woodbury, Minnesota.

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Buyer(S) 1

Buyer

Altaris

New York City, New York, United States

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 29 of 35
Sector (Life Science) 4 of 7
Type (Divestiture) 2 of 5
State (Minnesota) 3 of 4
Country (United States) 27 of 33
Year (2019) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Community Pharmacy Partners

Dallas, Texas, United States

Community Pharmacy Partners operates pharmacies in Texas, Arizona, and Virginia that are focused on providing patients with safe and efficacious alternatives to prescription opioids for pain management. Community Pharmacy Partners was formed in 1981 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 CSafe Global

Monroe, Ohio, United States

CSafe Global is a provider of cold chain packaging solutions that address the global supply chain needs of the biopharmaceutical industry. CSafe Global’s climate-controlled containers are designed to maintain high-value and temperature-sensitive biopharmaceutical cargo at precise temperatures for extended periods of time and in extreme external conditions. CSafe Global is based in Monroe, Ohio.

Sell -

Seller(S) 1

SELLER

3M

St Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


DEAL STATS #
Overall 19 of 19
Sector (Life Science) 3 of 3
Type (Divestiture) 18 of 18
State (Minnesota) 11 of 11
Country (United States) 17 of 17
Year (2019) 4 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 3M - Drive Thru Communications Systems Business

St Paul, Minnesota, United States

3M Co. - Drive Thru Communications Systems Business is a wireless communications solutions have modernized communication tasks in foodservice utilizing high-quality sound and speaker systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 LeanTec

Franklin, Tennessee, United States

LeanTec is an enterprise inventory management solution that has been designed for the Collision Repair Industry. From hardware to software LeanTec will provide you with the tools and information to improve your material margins in real-time. LeanTec was founded in 2013 and is based in Franklin, Tennessee.

Buy -