M&A Deal Summary

Apax Acquires Candela

On April 3, 2017, private equity firm Apax acquired medical products company Candela Corp. for 397M USD

Acquisition Highlights
  • This is Apax’s 8th transaction in the Medical Products sector.
  • This is Apax’s 41st largest (disclosed) transaction.
  • This is Apax’s 67th transaction in the United States.
  • This is Apax’s 4th transaction in Massachusetts.

M&A Deal Summary

Date 2017-04-03
Target Candela Corp.
Sector Medical Products
Buyer(s) Apax
Deal Type Going Private
Deal Value 397M USD
Advisor(s) Barclays Investment Bank (Financial)
Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co.
Morrison & Foerster LLP (Legal)

Target

Candela Corp.

Wayland, Massachusetts, United States
website
Candela is a US-based global medical aesthetic device company with headquarters in Wayland, Massachusetts. The company's technologies enable physicians to provide advanced energy-based solutions for a broad range of medical-aesthetic applications including benign vascular and pigmented lesions, scars, hair removal, facial resurfacing, wrinkle reduction, women's health treatments, tattoo removal, acne, leg veins, cellulite, and body shaping. Candela was formed in 1970 and is based in Wayland, Massachusetts.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 180 of 236
Sector (Medical Products) 8 of 10
Type (Going Private) 18 of 20
State (Massachusetts) 4 of 5
Country (United States) 67 of 95
Year (2017) 3 of 14
Size (of disclosed) 41 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-30 Guotai Junan Securities Co., Ltd.

Shanghai, China

Guotai Junan Securities is a securities firm with an extensive network of businesses providing clients with specialized investment and financing services. Guotai Junan Securities was founded in 1992 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 New rue21, LLC

Warrendale, Pennsylvania, United States

rue21 is a specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 is based in Warrendale, Pennsylvania.

Sell -