M&A Deal Summary

Covidien Acquires Floreane Medical Implants SA

On January 20, 2006, Covidien acquired medical products company Floreane Medical Implants SA from Tyco International for 123M USD

Acquisition Highlights
  • This is Covidien’s 1st transaction in the Medical Products sector.
  • This is Covidien’s 11th largest (disclosed) transaction.
  • This is Covidien’s 1st transaction in France.

M&A Deal Summary
Date 2006-01-20
Target Floreane Medical Implants SA
Sector Medical Products
Buyer(s) Covidien
Sellers(s) Tyco International
Deal Type Divestiture
Deal Value 123M USD

Target

Floreane Medical Implants SA

Trevoux, France
Floreane,offer the largest and most innovative range of mesh implants of any company in this field, and have developed products for soft tissue repair including hernia repair, pelvic floor reconstruction, incontinence, urinary, adhesion prevention and obesity surgery. Floreane's technology has been used in successful clinical applications for more than 10 years, helping improve patient outcomes around the world.

Search 193,381 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Covidien

Dublin, Ireland

website

Category Company
Sector Medical Products
Employees38,500
Revenue 10.2B USD (2013)
DESCRIPTION
Covidien office in Plymouth, Minnesota.
Covidien office in Plymouth, Minnesota.

Covidien plc is a global healthcare technology and medical supplies provider. Covidien was formed as a spin-off from Tyco in 2007 and is based in Dublin, Ireland.

DEAL STATS #
Overall 2 of 21
Sector (Medical Products) 1 of 15
Type (Divestiture) 1 of 4
Country (France) 1 of 1
Year (2006) 1 of 2
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-03 Paragon Trade Brands

Norcross, Georgia, United States

Paragon Trade Brands, Inc.manufacturer of private label infant disposable diapers in the United States and Canada. Paragon manufactures a line of premium and economy diapers and training pants which are distributed through leading mass merchandisers, grocery stores, warehouse clubs and drugstores. Paragon also established international joint ventures in Mexico, Argentina, Brazil and China for the manufacture and sale of infant disposable diapers and other absorbent personal care products.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Confluent Surgical

Waltham, Massachusetts, United States

Confluent Surgical, Inc.develops products to address the need for surgical sealing and post-surgical adhesion prevention applications.

Buy $236M

Seller(S) 1

SELLER

Tyco International

Mahon, Ireland

website

Category Company
Founded 1960
Sector Safety/Security
Employees57,000
Revenue 9.9B USD (2015)
DESCRIPTION
Tyco office in Irvine, California.
Tyco office in Irvine, California.

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.

DEAL STATS #
Overall 4 of 18
Sector (Medical Products) 1 of 3
Type (Divestiture) 4 of 14
Country (France) 1 of 2
Year (2006) 1 of 4
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Tyco s A&E Products Group

Schaffhausen, Switzerland

Tyco's A&E Products Group, a leading global producer of garment hangers. Tyco's A&E Products Group is based in Schaffhausen, Switzerland.

Sell $975M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-18 Confluent Surgical

Waltham, Massachusetts, United States

Confluent Surgical, Inc.develops products to address the need for surgical sealing and post-surgical adhesion prevention applications.

Buy $245M
Mergr

Product

Company

Legal