M&A Deal Summary

Enovis Acquires DJO Global

On November 19, 2018, Enovis acquired medical products company DJO Global from The Blackstone Group for 3.2B USD

Acquisition Highlights
  • This is Enovis’ 1st transaction in the Medical Products sector.
  • This is Enovis’ largest (disclosed) transaction.
  • This is Enovis’ 3rd transaction in the United States.
  • This is Enovis’ 1st transaction in California.

M&A Deal Summary

Date 2018-11-19
Target DJO Global
Sector Medical Products
Buyer(s) Enovis
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Goldman Sachs
Credit Suisse Investment Banking
Wells Fargo Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target

DJO Global

Vista, California, United States
website
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) 1

Buyer

Enovis

Wilmington, Delaware, United States

website


Category Company
Founded 1860
Sector Manufacturing
Employees16,200
Revenue 1.6B USD (2022)
DESCRIPTION

Enovis is a diversified manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Enovis Fluid Handling and ESAB brands. Enovis was incorporated in 1860 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 7 of 11
Sector (Medical Products) 1 of 4
Type (Add-on Acquisition) 5 of 8
State (California) 1 of 1
Country (United States) 3 of 5
Year (2018) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 Colfax - Fluid Handling Business

Annapolis, Maryland, United States

Colfax Corp. - Fluid Handling Business is a manufacturer of handling products and services.

Sell $542M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Howden

Renfrew, United Kingdom

Howden is a provider of mission-critical air and gas handling products, technologies, and services. Howden supports multiple sectors including infrastructure, power generation, oil & gas, wastewater, metals, mining, and transportation. Howden was founded in 1854 and is based in Renfrew, Scotland.

Sell $1.8B

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 126 of 170
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 47 of 66
State (California) 7 of 10
Country (United States) 76 of 102
Year (2018) 11 of 13
Size (of disclosed) 15 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 Cylance

Irvine, California, United States

Cylance develops artificial intelligence to deliver prevention-first, predictive security products and smart, simple, secure solutions that change how organizations approach endpoint security. Cylance provides full spectrum predictive threat prevention and visibility across the enterprise to combat the most notorious and advanced cybersecurity attacks. With AI-based malware prevention, threat hunting, automated detection and response, and expert security services, Cylance protects the endpoint without increasing staff workload or costs.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 Jack Wolfskin KGaA

Idstein, Germany

Jack Wolfskin GmbH & Co. KGaA is a provider of functional outdoor clothing, footwear and equipment in Europe and the largest franchisor in the German specialist sports retail market. Jack Wolfskin products are currently available in more than 400 franchise stores and at 4,000 points of sale across Europe and Asia. Jack Wolfskin products feature a high degree of functionality, user-friendliness and innovation.

Sell $476M