M&A Deal Summary

CareFusion Acquires Medegen

On May 18, 2010, CareFusion acquired medical products company Medegen from Nautic Partners for 225M USD

Acquisition Highlights
  • This is CareFusion’s 1st transaction in the Medical Products sector.
  • This is CareFusion’s 2nd largest (disclosed) transaction.
  • This is CareFusion’s 1st transaction in the United States.
  • This is CareFusion’s 1st transaction in California.

M&A Deal Summary

Date 2010-05-18
Target Medegen
Sector Medical Products
Buyer(s) CareFusion
Sellers(s) Nautic Partners
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Medegen

Ontario, California, United States
website
Medegen, LLC provides medical devices, components, and contract manufacturing services to healthcare, medical device, and pharmaceutical manufacturer industries in the United States and internationally.

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Buyer(S) 1

Buyer

CareFusion

San Diego, California, United States

website


Category Company
Founded 2009
Sector Healthcare Services
Employees15,000
Revenue 3.6B USD (2013)
DESCRIPTION

CareFusion Corp. is a global medical technology company that provides various healthcare services to hospitals. Amongst other services, CareFusion is a provider of wireless, barcode-enabled patient identification systems used in hospitals. CareFusion was formed in 2009 when it was spun out of Cardinal Health.


DEAL STATS #
Overall 1 of 9
Sector (Medical Products) 1 of 7
Type (Add-on Acquisition) 1 of 8
State (California) 1 of 2
Country (United States) 1 of 4
Year (2010) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 CareFusion - Research Services Division

United States

CareFusion - Research Services Division provides services to 16 of the 20 largest pharmaceutical companies and has supported clinical trials in more than 75 countries and more than 25,000 investigator sites.

Sell $81M

Seller(S) 1

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 14 of 47
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 6 of 18
State (California) 1 of 5
Country (United States) 14 of 46
Year (2010) 1 of 5
Size (of disclosed) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Genova Diagnostics is a global leader in functional laboratory testing, pioneering innovative new approaches to personalized medicine.Patients and clinicians focusing on wellness and prevention and taking an active role in managing health prefer diagnostic tests designed to help identify problems before chronic conditions and diseases develop. Unlike traditional labs that focus on disease pathology, Genova specializes in comprehensive panels that combine standard and innovative biomarkers to provide a more complete understanding of specific biological systems.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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Milestone Aviation Group Limited ("Milestone") is the first global aircraft leasing company exclusively focused on helicopters and private jets. Headquartered in Dublin, Ireland, Milestone will be led by Rich Santulli, founder of NetJets and RTS Helicopters. Milestone provides aircraft owners and operators worldwide with personalized financing options not otherwise available.

Buy $550M