Investment Summary

Andera Partners, Atlantic Bridge and EQT Life Sciences Invest In Atlantic Therapeutics

On January 7, 2019, private equity firm Andera Partners, growth capital firm Atlantic Bridge and growth capital firm EQT Life Sciences invested in medical products company Atlantic Therapeutics

Investment Highlights
  • This is Andera Partners’ 5th, Atlantic Bridge’s 1st and EQT Life Sciences’ 9th transaction in the Medical Products sector.
  • This is Andera Partners’ 1st, Atlantic Bridge’s 6th and EQT Life Sciences’ 2nd transaction in Ireland.
Investment Fate
  • Atlantic Therapeutics was sold to a strategic buyer in 2023.

Investment Summary

Date 2019-01-07
Target Atlantic Therapeutics
Sector Medical Products
Investor(s) Andera Partners
Atlantic Bridge
EQT Life Sciences
Deal Type Venture

Target

Atlantic Therapeutics

Galway, Ireland
Atlantic Therapeutics is a developer of professional and consumer medical devices, related software and connected health technologies. Atlantic Therapeutics with its product INNOVO focuses on the treatment of incontinence, sexual health dysfunctions and other associated disorders by strengthening the muscles and modulating the nerves of the pelvic floor. Atlantic Therapeutics was founded in 2017 and is based in Galway, Ireland.

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Investor(S) 3

Investor

Andera Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 69 of 123
Sector: Medical Products M&A 5 of 8
Type: Venture M&A Deals 18 of 28
Country: Ireland M&A 1 of 1
Year: 2019 M&A 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Erget

Neuilly-sur-Seine, France

Erget is a specialist in claims appraisal on behalf of insurance companies. It intervenes in civil liability (operation, professional, products), in technical risks (breakage of machines, TRC, TRME) and in construction risks (DO, RCD, PUC) for companies. Erget was founded in 1986 and is based in Neuilly-sur-Seine, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-18 HighLife

Paris, France

HighLife is a med‑tech company advancing a novel trans‑septal transcatheter mitral valve replacement (TMVR) system to treat mitral regurgitation. Its minimally invasive “valve‑in‑ring” TMVR technology replaces the mitral valve on a beating heart, offering a less‑traumatic alternative to open‑heart surgery. HighLife was founded in 2010 and is based in Paris, France.

Buy -
Investor

Atlantic Bridge

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Atlantic Bridge is a growth capital firm focused on mid-market technology businesses across Europe, the US, Middle East, and China. Specific areas of interest include machine learning, robotics, computer visioning, cloud, IoT and big data. Atlantic Bridge generally prefers 'domain-specific companies' as well as businesses that can benefit from transatlantic opportunities. Atlantic Bridge was formed in 2006 and is based in Dublin.


DEAL STATS #
Overall 30 of 34
Sector: Medical Products M&A 1 of 1
Type: Venture M&A Deals 21 of 25
Country: Ireland M&A 6 of 7
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 HyperGrid

Los Altos, California, United States

HyperGrid is a HyperCloud Intelligent Cloud Management Platform (CMP) that provides powerful capabilities in a single pane of glass for cloud migration planning, cost management, continuous optimization, orchestration, governance, security, and compliance. HyperGrid was founded in 2016 and is based in Los Altos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Secondmind

Cambridge, United Kingdom

Secondmind is an AI company that provides a machine learning–powered optimization platform for automotive engineering, helping OEMs and suppliers design, simulate, and calibrate complex vehicle systems faster and with less data. Secondmind was founded in 2016 and is based in Cambridge, United Kingdom.

Buy -
Investor

EQT Life Sciences


Category Growth Capital Firm
Founded 1987
PE ASSETS 3.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

EQT Life Sciences (formerly Life Science Partners) is a private investment firm focused on growth and venture capital financing for life sciences and healthcare companies. The Firm targets early to mid?stage companies in sectors such as therapeutics, medical devices, diagnostics, healthtech, and biotech. EQT Life Sciences was formed in 1986 and is headquartered in Amsterdam, the Netherlands.


DEAL STATS #
Overall 21 of 47
Sector: Medical Products M&A 9 of 14
Type: Venture M&A Deals 17 of 39
Country: Ireland M&A 2 of 5
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 T-knife Therapeutics

San Francisco, California, United States

T-knife Therapeutics is a biopharmaceutical company developing next‑generation T‑cell receptor (TCR) engineered T cell therapies to treat solid tumors. T-knife Therapeutics was founded in 2018 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 SNIPR Biome

Copenhagen, Denmark

SNIPR BIOME is pioneering a novel use of CRISPR/Cas technology to selectively and precisely eradicate target bacteria, while leaving the rest of the patient’s microbial community intact. SNIPR Biome was founded in 2017 and is based in Copenhagen, Denmark.

Buy -