Investment Summary

Breakwater Management and Coremix Capital Invest In Consensus Orthopedics

On October 1, 2014, private equity firm Breakwater Management and family office Coremix Capital invested in medical products company Consensus Orthopedics

Investment Highlights
  • This is Breakwater Management’s 1st and Coremix Capital’s 1st transaction in the Medical Products sector.
  • This is Breakwater Management’s 7th and Coremix Capital’s 3rd transaction in the United States.
  • This is Breakwater Management’s 4th and Coremix Capital’s 1st transaction in California.
Investment Fate
  • Consensus Orthopedics was sold to a publicly-traded strategic buyer in 2021 for 11M USD.

Investment Summary

Date 2014-10-01
Target Consensus Orthopedics
Sector Medical Products
Investor(s) Breakwater Management
Coremix Capital
Deal Type Growth Capital

Target

Consensus Orthopedics

El Dorado Hills, California, United States
Consensus Orthopedics designs, manufactures and distributes high-quality reconstructive total joint implants for the hip and knee. Consensus Orthopedics sells its products throughout North America, Western Europe, Turkey, China, Japan, and Australia. Consensus Orthopedics was founded in 1992 and is based in El Dorado Hills, California.

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Investor(S) 2

DESCRIPTION

Breakwater Investment Management is a private investment firm focused on providing loans and growth capital financing to owner-entrepreneurs and sponsor-backed businesses in the lower middle-market. The Firm looks to invest at least $20 million in profitable companies (> $5 million of EBITDA) throughout the US and Canada. Breakwater Investment Management was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 8 of 18
Sector: Medical Products M&A 1 of 1
Type: Growth Capital M&A Deals 7 of 15
State: California M&A 4 of 8
Country: United States M&A 7 of 16
Year: 2014 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Planet Blue

Santa Monica, California, United States

Planet Blue is a California-based lifestyle retailer and fashion brand. Planet Blue designs and distributes contemporary casual fashion apparel, jewelry, and accessories under its own brand names Blue Life and Blu Moon, alongside a range of complementary third-party brands. Planet Blue was founded in 1995 and is based in Santa Monica, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Argo Tea

Chicago, Illinois, United States

Argo Tea is a multi-channel, branded beverage enterprise Known for blending the finest local and global loose-leaf teas, the business offers a unique experience for customers through its distinctive menu of natural, tea-based signature drinks, a wide choice of loose-leaf teas, organic coffee, and other specialty foods. Argo Tea is led by highly respected industry leaders with a proven track record of growing consumer products companies, including Starbucks, Dunkin Brands, Pepsi, Frito Lay, Gatorade, Tropicana, and Quaker. Argo Tea was founded in 2003 and is based in Chicago, Illinois.

Buy -
Investor
DESCRIPTION

Coremix Capital is a collection of family investors focused on providing subordinated debt and equity capital ($1 to $15 million) to middle-market companies. Coremix looks to develop a balanced and diversified portfolio of investments in well-managed companies whose primary constraint to growth is the inability to access sufficient investment capital. Sectors of interest include consumer packaged goods, life science, manufacturing, real estate, healthcare services, education, machinery, and consumer focused technology. Investment proceeds are generally used to support recapitalizations, divestitures, buyouts, acquisitions, growth financings, and sponsored/unsponsored transactions. Coremix Capital is based in Vancouver, Washington.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 MobileRQ

Portland, Oregon, United States

MobileRQ, Inc. is a contextual mobile marketing platform that allows enterprises to create personalized messages and in-app contents for brand engagement. MobileRQ, Inc. was established in 2012 and is headquartered in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 MobileRQ

Portland, Oregon, United States

MobileRQ, Inc. is a contextual mobile marketing platform that allows enterprises to create personalized messages and in-app contents for brand engagement. MobileRQ, Inc. was established in 2012 and is headquartered in Portland, Oregon.

Sell -