M&A Deal Summary

DJO Global Acquires ReAble Therapeutics

On July 16, 2007, DJO Global acquired medical products company ReAble Therapeutics from The Blackstone Group for 1.6B USD

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

M&A Deal Summary
Date 2007-07-16
Target ReAble Therapeutics
Sector Medical Products
Buyer(s) DJO Global
Sellers(s) The Blackstone Group
Deal Type Merger
Deal Value 1.6B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Simpson Thacher & Bartlett (Legal)

Target

ReAble Therapeutics

Austin, Texas, United States
ReAble Therapeutics, Inc. is a diversified rehabilitation and orthopedic devices company that develops, manufactures and distributes a comprehensive range of electrotherapy, traction, chiropractic and iontophoresis devices, in addition to a broad line of orthopedic implants, used by orthopedic surgeons, physicians, therapists and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events and sports-related injuries.

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Buyer(S) 1

Buyer

DJO Global

Vista, California, United States

website

Category Company
Founded 1978
Sector Medical Products
Revenue 1.2B USD (2018)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 10
Sector (Medical Products) 2 of 9
Type (Merger) 1 of 1
State (Texas) 1 of 2
Country (United States) 2 of 10
Year (2007) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Aircast

Vista, California, United States

Aircast, Inc. is a designer and manufacturer of ankle braces and other orthopedic devices, cold therapy systems and vascular systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-09 IOMED

Salt Lake City, Utah, United States

IOMED, Inc. is a provider of markets drug delivery systems.

Buy -

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 39 of 170
Sector (Medical Products) 1 of 3
Type (Merger) 2 of 8
State (Texas) 6 of 17
Country (United States) 25 of 102
Year (2007) 6 of 7
Size (of disclosed) 27 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-04 Hilton

McLean, Virginia, United States

Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was formed in 1919 and is based in McLean, Virginia. Hilton was founded in 1919 and is based in McLean, Virginia.

Buy $26.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-25 Montecito Broadcast Group

Montecito, California, United States

Montecito operated network affiliate television stations in four U.S. cities.

Sell -
Mergr

Product

Company

Legal