M&A Deal Summary |
|
|---|---|
| Date | 2008-08-02 |
| Target | ConvaTec |
| Sector | Medical Products |
| Buyer(s) |
Avista Capital Partners
The Carlyle Group Nordic Capital Constitution Capital Partners |
| Sellers(s) | Bristol-Myers Squibb |
| Deal Type | Divestiture |
| Deal Value | 4.1B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 53 |
| Sector (Medical Products) | 3 of 8 |
| Type (Divestiture) | 3 of 8 |
| Country (United Kingdom) | 2 of 3 |
| Year (2008) | 3 of 3 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-29 |
Royal Offshore
Corpus Christi, Texas, United States Royal Offshore is a Corpus Christi-based company focused on the exploitation and development of oil and natural gas assets in the Gulf of Mexico. Royal Offshore’s properties currently consist of over 55 leases in the Gulf of Mexico. Royal Offshore is managed by various Royal entities which are a part of Royal Holding Company, Inc. |
Buy | $350M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-09-01 |
The Star Tribune Media Company
Minneapolis, Minnesota, United States The Star Tribune Media Company LLC is the information provider in the Minneapolis/St. Paul metropolitan area and includes the Star Tribune newspaper, StarTribune.com and other print and digital products and services. The Star Tribune is the largest daily and Sunday newspaper in the Twin Cities area with daily circulation in excess of 360,000 and Sunday circulation of approximately 600,000. The Star Tribune is the 10th largest Sunday paper and 14th largest daily paper in the United States. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 376.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 336 of 695 |
| Sector (Medical Products) | 10 of 16 |
| Type (Divestiture) | 34 of 71 |
| Country (United Kingdom) | 19 of 50 |
| Year (2008) | 23 of 28 |
| Size (of disclosed) | 17 of 133 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-28 |
TrenStar
Greenwood Village, Colorado, United States TrenStar, Inc. is a provider of outsourced logistics and supply chain infrastructure to major manufacturers across a variety of vertical markets. The company uses a combination of in-house and off-the-shelf logistics software along with RFID technology to track and monitor the asset base of its customers. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-05 |
Voice Construction
Edmonton, Alberta, Canada Voice Construction Ltd. is a provider of civil construction services to the major operators in the Alberta oil sands and surrounding areas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 30.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 133 |
| Sector (Medical Products) | 5 of 10 |
| Type (Divestiture) | 4 of 11 |
| Country (United Kingdom) | 2 of 9 |
| Year (2008) | 2 of 4 |
| Size (of disclosed) | 2 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-27 |
Unomedical AS
Birkerod, Denmark Unomedical is a leading provider of single-use medical devices with global operations. Within Hospital Care, Unomedical is one of Europe’s leading companies and it has strong niche positions overseas. Within Infusion Devices, Unomedical is a global market leader within infusion sets used by diabetics on pump therapy. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-09-01 |
SafeRoad
Oslo, Norway SafeRoad is a supplier of road safety and road infrastructure solutions. The Group offers a broad range of innovative and high-quality products and solutions to those who own, build, and maintain roads. SafeRoad was founded in 1947 and is based in Oslo, Norway. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Constitution Capital Partners is a private equity firm focused on buyouts of North American companies. Constitution typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. The Firm was formed in 2008 and is headquartered in Andover, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 25 |
| Sector (Medical Products) | 1 of 2 |
| Type (Divestiture) | 1 of 1 |
| Country (United Kingdom) | 1 of 1 |
| Year (2008) | 2 of 4 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-10 |
Light Tower Rentals
Odessa, Texas, United States Light Tower Rentals, Inc. is a diversified specialty equipment rental company focused on oil and gas operations in the prolific Permian Basin, with yards in other leading U.S. basins including the SCOOP/STACK, Eagle Ford, Bakken and Marcellus. LTR’s core equipment rental fleet includes mobile natural gas and diesel driven power generators, light towers, mobile housing units, field heaters and fluid handling products, which are all supported by a best in class service platform. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-11-12 |
Ladder Capital
New York, New York, United States Ladder Capital is a commercial real estate finance company that originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Ladder’s investment activities include: (i) direct origination of mid-market commercial real estate first mortgage loans of $5 million to $100 million; (ii) investments in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) investments in net leased and other commercial real estate. Ladder Capital was founded in 2008 and is headquartered in New York, New York. |
Buy | $1.0B |
| Category | Company |
|---|---|
| Founded | 1887 |
| Sector | Life Science |
| Employees | 32,200 |
| Revenue | 46.2B USD (2022) |
Bristol-Myers Squibb is a life science company engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products on a global basis. The Company's pharmaceutical products include chemically-synthesized drugs, or small molecules, and an increasing portion of products produced from biological processes. The majority of Bristol-Myers Squibb's revenue comes from products in the following therapeutic classes: cardiovascular; virology, including human immunodeficiency virus (HIV) infection; oncology; neuroscience; immunoscience; and metabolics. Bristol-Myers Squibb was incorporated in 1887 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 13 |
| Sector (Medical Products) | 3 of 5 |
| Type (Divestiture) | 4 of 9 |
| Country (United Kingdom) | 1 of 1 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-29 |
Kosan Biosciences
Hayward, California, United States Kosan Biosciences is an established cancer therapeutics company focused on advancing two new classes of anticancer agents through clinical development: heat shock protein 90 (Hsp90) inhibitors and epothilones. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-07-22 |
Medarex
Princeton, New Jersey, United States Medarex, Inc. is a developer of therapeutic products for cancer, autoimmune disease and other life-threatening and debilitating diseases. |
Buy | $2.1B |
