M&A Deal Summary

Edwards Acquires JenaValve Technology

On July 24, 2024, Edwards acquired medical products company JenaValve Technology from GIMV and Andera Partners

Acquisition Highlights
  • This is Edwards’ 11th transaction in the Medical Products sector.
  • This is Edwards’ 10th transaction in the United States.
  • This is Edwards’ 4th transaction in California.

M&A Deal Summary

Date 2024-07-24
Target JenaValve Technology
Sector Medical Products
Buyer(s) Edwards
Sellers(s) GIMV
Andera Partners
Deal Type Add-on Acquisition

Target

JenaValve Technology

Irvine, California, United States
JenaValve Technology specializes in developing transcatheter aortic valves that can be implanted via the femoral vein or an incision between two ribs. JenaValve Technology was founded in 2006 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Edwards

Irvine, California, United States

Category Company
Founded 1958
Sector Medical Products
Employees19,800
Revenue 6.0B USD (2023)
DESCRIPTION
Entrance to Edwards Lifesciences' corporate headquarters in Irvine, California.
Entrance to Edwards Lifesciences' corporate headquarters in Irvine, California.

Edwards is focused on technologies that treat structural heart disease and critically ill patients. The Company is engaged in the development and commercialization of heart valve therapies. Edwards was founded in 1958 and is based in Irvine, California.


DEAL STATS #
Overall 14 of 15
Sector (Medical Products) 11 of 12
Type (Add-on Acquisition) 8 of 9
State (California) 4 of 4
Country (United States) 10 of 11
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Critical Care

Irvine, California, United States

Critical Care is a provider of advanced patient monitoring with advanced AI algorithms serving millions of patients globally. Critical Care is based in Irvine, California.

Sell $4.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-20 Endotronix

Lisle, Illinois, United States

Endotronix is a digital health medtech company developing an integrated platform to provide comprehensive, reimbursable health management tools for patients suffering from chronic heart failure. Endotronix was founded in 2007 and is based in Lisle, Illinois.

Buy -

Seller(S) 2

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 105 of 105
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 52 of 52
State (California) 3 of 3
Country (United States) 5 of 5
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-07 SMG Sportplatzmaschinenbau

Vohringen, Germany

SMG Sportplatzmaschinenbau is developing modern machines for laying synthetic flooring in the sports sector. SMG has also been introducing world firsts for the maintenance of artificial turf or carpets with granulate infill since the 1980s. For almost half a century, SMG has offered a unique range of machines. SMG Sportplatzmaschinenbau was founded in 1975 and is based in Vohringen, Germany.

Buy -
SELLER

Andera Partners

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 39 of 39
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 14 of 14
State (California) 2 of 2
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Amolyt Pharma

Ecully, France

Amolyt Pharma is a clinical-stage biotechnology company, building therapeutic peptides to deliver life-changing treatments to patients suffering from rare endocrine and related diseases. Amolyt Pharma was founded in 2015 and is based in Ecully, France.

Sell $1.1B