M&A Deal Summary

Boston Scientific Acquires VENITI

On August 8, 2018, Boston Scientific acquired medical products company VENITI from Baird Capital Partners Europe for 160M USD

Acquisition Highlights
  • This is Boston Scientific’s 36th transaction in the Medical Products sector.
  • This is Boston Scientific’s 24th largest (disclosed) transaction.
  • This is Boston Scientific’s 40th transaction in the United States.
  • This is Boston Scientific’s 1st transaction in Missouri.

M&A Deal Summary

Date 2018-08-08
Target VENITI
Sector Medical Products
Buyer(s) Boston Scientific
Sellers(s) Baird Capital Partners Europe
Deal Type Add-on Acquisition
Deal Value 160M USD

Target

VENITI

St. Louis, Missouri, United States
website
VENITI, Inc. is a medical device company developing a suite of innovative technology and solutions that will provide comprehensive treatment across the venous disease continuum. VENITI is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Boston Scientific

Marlborough, Massachusetts, United States

website


Category Company
Founded 1979
Sector Medical Products
Employees45,000
Revenue 12.7B USD (2022)
DESCRIPTION
Entrance to Boston Scientific's corporate headquarters in Marlborough, Massachusetts.
Entrance to Boston Scientific's corporate headquarters in Marlborough, Massachusetts.

Boston Scientific is a medical technology company. Boston Scientific's products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health, and chronic pain conditions. Boston Scientific was founded in 1979 and is based in Marlborough, Massachusetts.


DEAL STATS #
Overall 50 of 62
Sector (Medical Products) 36 of 48
Type (Add-on Acquisition) 39 of 48
State (Missouri) 1 of 1
Country (United States) 40 of 47
Year (2018) 8 of 10
Size (of disclosed) 24 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Claret Medical

Santa Rosa, California, United States

Claret Medical, Inc. is a developer and commercialized the sentinel cerebral embolic protection system. Claret Medical was founded in 2009 and is based in Santa Rosa, California.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Augmenix

Bedford, Massachusetts, United States

Augmenix, Inc. is a developer and commercialized the SpaceOAR® System, a therapy used to reduce common and debilitating side effects that men may experience after receiving prostate cancer radiotherapy. Augmenix was founded in 2008 and is based in Bedford, Massachusetts.

Buy $500M

Seller(S) 1

SELLER

Baird Capital Partners Europe

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners Europe (BCPE) is the European private equity arm of Baird Private Equity. BCPE invests in lower middle-market companies generating revenues ranging from £10 and £100 million with an enterprise value of £10 - £50 million. Specific areas of interest include industrials, specialty consumer products, aerospace/defense, building materials, electrical equipment, oil/gas equipment, medical devices/equipment, human capital services, transaction processing, process outsourcing, professional/technical services, facilities management, environmental/waste, and marketing services. BCPE looks to invest between £5 and £20 million per transaction. Baird Capital Partners Europe was formed in 1971 and is based in London.


DEAL STATS #
Overall 21 of 30
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 15 of 19
State (Missouri) 1 of 1
Country (United States) 1 of 3
Year (2018) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Collingwood Lighting

Northamptonshire, United Kingdom

Collingwood Lighting is a designer and supplier of residential, commercial and exterior luminaires into the professional refurbishment and new-build markets in the UK and France. Collingwood is headquartered in Northamptonshire, England. The Company’s strong position in its markets is underpinned by its products’ energy efficiency, innovation and quality alongside the high levels of service the company provides its longstanding customer base.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Crisp

Leeds, United Kingdom

Crisp is a provider of social media brand safety and crisis monitoring services to global brands, media publishers, and social platforms. Crisp was founded in 2005 and is based in Leeds, United Kingdom.

Buy -