M&A Deal Summary

CCMP Capital and Crescent Capital Group Acquire DJO Global

On January 1, 1999, private equity firm CCMP Capital and mezzanine finance firm Crescent Capital Group acquired medical products company DJO Global

Acquisition Highlights
  • This is CCMP Capital’s 1st and Crescent Capital Group’s 1st transaction in the Medical Products sector.
  • This is CCMP Capital’s 21st and Crescent Capital Group’s 9th transaction in the United States.
  • This is CCMP Capital’s 3rd and Crescent Capital Group’s 4th transaction in California.
Investment Fate
  • DJO Global went public in 2001.
  • DJO Global was sold to a financial buyer in 2007 for 1.3B USD.
  • DJO Global was sold to a publicly-traded strategic buyer in 2018 for 3.2B USD.

M&A Deal Summary

Date 1999-01-01
Target DJO Global
Sector Medical Products
Buyer(s) CCMP Capital
Crescent Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

DJO Global

Vista, California, United States
DJO Global, Inc. is a manufacturer of rehabilitation and regeneration products for the non-operative orthopedic and spine markets. DJO Global offers a range of products includes rigid knee braces and soft goods, cold therapy, vascular systems, and bone stimulation and regeneration products. DJO Global, Inc. was founded in 1978 and is based in Vista, California.

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Buyer(S) 2

Buyer

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 21 of 97
Sector: Medical Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 49
State: California M&A 3 of 6
Country: United States M&A 21 of 75
Year: 1999 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 TeleCorp Wireless

Arlington, Virginia, United States

TeleCorp Wireless, Inc. provides digital wireless personal communications services to a licensed service area.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-29 Audacy

Philadelphia, Pennsylvania, United States

Audacy is a radio broadcasting company, with a portfolio of 125 highly-rated radio stations. Audacy was incorporated in 1968 and is based in Philadelphia, Pennsylvania.

Sell -
Buyer

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $40 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 9 of 67
Sector: Medical Products M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 20
State: California M&A 4 of 5
Country: United States M&A 9 of 54
Year: 1999 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 24 Hour Fitness

San Ramon, California, United States

24 Hour Fitness is a health club provider, involved in helping members change their lives and reach their individual fitness goals. 24 Hour Fitness offers fitness solutions for everyone including personal training services, group exercise classes and strength, cardio and functional training equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-14 FirstAmerica Automotive

Dublin, California, United States

FirstAmerica Automotive, Inc. is a automotive mega-dealer in Northern California.

Sell -