M&A Deal Summary

Baxter International Acquires Gambro AB

On September 6, 2013, Baxter International acquired medical products company Gambro AB from EQT and Investor AB for 3.9B USD

Acquisition Highlights
  • This is Baxter International’s 6th transaction in the Medical Products sector.
  • This is Baxter International’s 2nd largest (disclosed) transaction.
  • This is Baxter International’s 1st transaction in Sweden.

M&A Deal Summary

Date 2013-09-06
Target Gambro AB
Sector Medical Products
Buyer(s) Baxter International
Sellers(s) EQT
Investor AB
Deal Type Add-on Acquisition
Deal Value 3.9B USD

Target

Gambro AB

Stockholm, Sweden
website
Gambro is a global medical technology company and a leader in developing, manufacturing and supplying products, therapies and services for In-center Care and Self Care hemodialysis, Peritoneal Dialysis, Renal Intensive Care and Hepatic Care. Gambro was founded in 1964 and has more than 8,000 employees, production facilities in 11 countries, sales subsidiaries in more than 40 and sales in more than 100 countries.

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Buyer(S) 1

Buyer

Baxter International

Deerfield, Illinois, United States

website


Category Company
Founded 1931
Sector Medical Products
Employees60,000
Revenue 15.1B USD (2022)
DESCRIPTION
Entrance to Baxter International's corporate headquarters in Deerfield, Illinois.
Entrance to Baxter International's corporate headquarters in Deerfield, Illinois.

Baxter International develops, manufactures and markets drugs and medical products for people with a variety of medical conditions. Baxter's operations are comprised of the BioScience and Medical Products segments. The BioScience business processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies, alpha-1 antitrypsin deficiency, burns and shock, and other chronic and acute blood-related conditions; biosurgery products; and select vaccines. The Medical Products business manufactures intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, infusion pumps, and inhalation anesthetics. The business also provides products and services related to pharmacy compounding, drug formulation and packaging technologies. In addition, the Medical Products business provides products and services to treat end-stage renal disease, or irreversible kidney failure. Baxter International was founded in 1931 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 11 of 20
Sector (Medical Products) 6 of 12
Type (Add-on Acquisition) 9 of 14
Country (Sweden) 1 of 1
Year (2013) 1 of 2
Size (of disclosed) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 Sigma International General Medical Apparatus

Medina, New York, United States

Designs and Manufactures Smart Infusion Pumps for Hospitals.

Buy $259M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Flowsense Medical

Misgav, Israel

Flowsense Medical Ltd. designs continuous fluid monitoring systems.

Buy $10M

Seller(S) 2

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 54 of 175
Sector (Medical Products) 4 of 12
Type (Add-on Acquisition) 25 of 69
Country (Sweden) 17 of 33
Year (2013) 5 of 6
Size (of disclosed) 4 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 Synagro Technologies

Baltimore, Maryland, United States

Synagro Technologies, Inc. works to turn waste into worth by helping more than 1,000 municipal and industrial water and wastewater facilities in North America move toward safer, cleaner, and more environmentally beneficial practices. For some, it’s simply cleaning the water supply. As the largest recycler of organic by-products in North America, the company is trusted because it removes risks while keeping the logistics clean. Synagro Technologies was founded in 1986 and is based in Baltimore, Maryland.

Buy $465M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Terveystalo

Helsinki, Finland

Terveystalo is a private healthcare service provider serving private consumers, companies and organizations, and the public sector. The company offers a wide variety of integrated primary, secondary, occupational health, and diagnostic care services. Terveystalo was founded in 2001 and is based in Helsinki, Finland.

Buy -
SELLER

Investor AB

Stockholm, Sweden

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1916
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Investor AB is a Northern European industrial holding company. Investor generates long-term returns by investing in companies with solid potential for value creation. Investor will consider opportunities in the US, Northern Europe and Asia. Investor AB is based Stockholm.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Ez Texting

San Francisco, California, United States

Ez Texting is a provider of SMS marketing software, setting the standard for business texting platforms. Ez Texting was founded in 2004 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 Lindorff

Oslo, Norway

Lindorff is a full-service European credit management service provider. The company offers information services, payment services, invoicing services, debt collection, and debt purchase. Lindorff was founded in 1898 and is based in Oslo, Norway.

Sell €2.3B