M&A Deal Summary

Apax Acquires Vyaire Medical

On March 19, 2018, private equity firm Apax acquired medical products company Vyaire Medical from Becton Dickinson

Acquisition Highlights
  • This is Apax’s 9th transaction in the Medical Products sector.
  • This is Apax’s 73rd transaction in the United States.
  • This is Apax’s 3rd transaction in Illinois.

M&A Deal Summary

Date 2018-03-19
Target Vyaire Medical
Sector Medical Products
Buyer(s) Apax
Sellers(s) Becton Dickinson
Deal Type Divestiture

Target

Vyaire Medical

Mettawa, Illinois, United States
website
Vyaire Medical supports and improves the lives of patients with a laser focus on improving patient outcomes and increasing value for customers. The company was to serve healthcare customers with innovative device and service solutions across the respiratory and anesthesia continua of care. Vyaire's legacy brands have a 65-year track record of pioneering, innovating, and advancing respiratory diagnostics, ventilation, and anesthesia delivery & patient monitoring. From industry-pioneering brands that include Bird, Bear, and Jaeger to respected industry leaders AirLife, Vital Signs, Viasys, and many others - Vyaire Medical has nearly 27,000 distinct part numbers recognized, trusted, and preferred by specialists in the respiratory therapy and anesthesiology healthcare markets worldwide. Vyaire Medical was formed in 2016 and is based in Mettawa, Illinois.

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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
Size Mega
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 194 of 244
Sector (Medical Products) 9 of 10
Type (Divestiture) 22 of 28
State (Illinois) 3 of 3
Country (United States) 73 of 94
Year (2018) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Business Integration Partners

Milano, Italy

Business Integration Partners delivers management consulting, business integration, and IT/digital transformation services supporting international companies in the research and adoption of disruptive technological innovation. The company is present in more than 11 countries with over 1,800 professionals. Business Integration Partners was formed in 2003 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Wizeline

San Francisco, California, United States

Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. The company focuses on measurable outcomes, partnering with customers to modernize core technologies, mature data-driven capabilities, and improve user experience. Wizeline's adaptive teams provide the right combination of solutions, capabilities, and methodologies to deliver results, while partnering with customers’ teams to foster innovation through continuous learning. Its diverse culture of innovation, ownership, and community, combined with the Academy, creates an inspiring environment for talent to build long-term careers. Wizeline is headquartered in San Francisco with offices in Guadalajara and Mexico City, Mexico, as well as in Ho Chi Minh City, Vietnam. Wizeline was founded in 2014 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Becton Dickinson

Franklin Lake, New Jersey, United States

website


Category Company
Founded 1897
Sector Medical Products
Employees75,000
Revenue 18.9B USD (2022)
DESCRIPTION

Becton Dickinson is a global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people's health throughout the world. BD is focused on improving drug delivery, enhancing the quality and speed of diagnosing infectious diseases and cancers, and advancing research, discovery and production of new drugs and vaccines. Becton Dickinson was incorporated in 1897 and is headquartered in Franklin Lake, New Jersey.


DEAL STATS #
Overall 7 of 8
Sector (Medical Products) 6 of 7
Type (Divestiture) 7 of 8
State (Illinois) 1 of 1
Country (United States) 7 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-23 C. R. Bard

Murray Hill, New Jersey, United States

C. R. Bard, Inc. is a multinational developer, manufacturer, and marketer of innovative, life-enhancing medical technologies in the fields of vascular, urology, oncology, and surgical specialties. C. R. Bard was formed in 1907 and is based in Murray Hill, New Jersey.

Buy $24.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 TVA Medical

Austin, Texas, United States

TVA Medical, Inc. is a developer of minimally invasive vascular access solutions for patients with chronic kidney disease requiring hemodialysis. TVA Medical, Inc. was founded in 2009 and is based in Austin, Texas.

Buy -