M&A Deal Summary

BioCompatibles UK Acquires Hydron

On March 9, 2000, BioCompatibles UK acquired life science company Hydron from Cinven and CVC Capital Partners for 38M GBP

Acquisition Highlights
  • This is BioCompatibles UK’s 1st transaction in the Life Science sector.
  • This is BioCompatibles UK’s 0th largest (disclosed) transaction.
  • This is BioCompatibles UK’s 1st transaction in the United States.

M&A Deal Summary

Date 2000-03-09
Target Hydron
Sector Life Science
Buyer(s) BioCompatibles UK
Sellers(s) Cinven
CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 38M GBP

Target

Hydron

Farnborough, United States
Hydron Limited designed and manufactured contact lenses and was part of US multinational pharmaceuticals company Allergan Inc. Hydron was a profitable business involved in research and production of speciality lenses, a market that was well positioned for future growth.

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Buyer(S) 1

Buyer

BioCompatibles UK

Farnham, Surrey, United Kingdom

website


Category Company
Sector Medical Products
DESCRIPTION

Biocompatibles is a leading medical technology company in the field of drug device combination products. The Company is divided into an Oncology Products Division and a Licensing Division


DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United States) 1 of 2
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 BrachySciences

Oxford, Connecticut, United States

BrachySciences is a medical device business located in Oxford, Connecticut.

Buy $22M

Seller(S) 2

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 54 of 125
Sector (Life Science) 1 of 6
Type (Add-on Acquisition) 9 of 30
Country (United States) 5 of 10
Year (2000) 2 of 5
Size (of disclosed) 23 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 The Tetley Tea Group

Greenford, United Kingdom

Tea Beverage Company. Tetley’s operations were arranged in three divisions addressing the UK tea market, the tea and coffee market in the USA and various smaller subsidiaries and joint ventures in a number of other.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 United Biscuits

Middlesex, United Kingdom

United Biscuits is a European manufacturer and marketer of biscuits, snacks and nut products including major brands such as McVitie's Digestive, Penguin, Jaffa Cakes, Go Ahead! KP, Hula Hoops, Skips, BN, Verkade and Delacre.

Buy €2.9B
SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 13 of 171
Sector (Life Science) 1 of 4
Type (Add-on Acquisition) 4 of 62
Country (United States) 1 of 14
Year (2000) 2 of 4
Size (of disclosed) 52 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 The Colomer Group Spain SL

Barcelona, Spain

The Colomer Group manufactures and distributes a broad line of leading salon and retail hair and nail care products around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 Impulse Airlines

Mascot, Australia

Impulse was established in 1992 and operated a network of regional routes throughout New South Wales. The network initially included routes to Armidale, Brisbane, Canberra, Melbourne, Sydney and Tamworth.

Buy -