M&A Deal Summary

Entellus Medical Acquires Spirox

On July 7, 2017, Entellus Medical acquired medical products company Spirox from KKR for 25M USD

Acquisition Highlights
  • This is Entellus Medical’s 1st transaction in the Medical Products sector.
  • This is Entellus Medical’s largest (disclosed) transaction.
  • This is Entellus Medical’s 1st transaction in the United States.
  • This is Entellus Medical’s 1st transaction in Virginia.

M&A Deal Summary

Date 2017-07-07
Target Spirox
Sector Medical Products
Buyer(s) Entellus Medical
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Spirox

Arlington, Virginia, United States
Spirox, Inc. is a medical device company that is focused on developing minimally invasive technologies that improve the quality of life for patients with nasal obstruction. Spirox is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

Entellus Medical

Plymouth, Minnesota, United States

website


Category Company
Founded 2006
Sector Medical Products
DESCRIPTION

Entellus Medical, Inc. is a high-growth global medical technology company focused on delivering superior patient and physician experiences through products designed for the minimally invasive treatment of various ear, nose and throat (ENT) disease states. Company has a broad portfolio of ENT products, including the XprESS® Multi-Sinus Dilation System and the LATERA® Absorbable Nasal Implant. Founded in 2006, and headquartered in Plymouth, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 94 of 173
Sector (Medical Products) 3 of 4
Type (Add-on Acquisition) 33 of 61
State (Virginia) 3 of 3
Country (United States) 45 of 81
Year (2017) 5 of 13
Size (of disclosed) 37 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Cardenas Markets

Ontario, California, United States

Cardenas Markets operates 31 store locations throughout the Inland Empire Imperial County, Pomona, and Las Vegas Nevada. Cardenas is known and respected as a prominent Latino market with a unique tradition of authentic flavors. Offering customers, the best shopping experience with a wide selection of quality and fresh products, great service at a superior value. Cardenas Markets was founded in 1981 and is based in Ontario, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 The Bountiful

Bohemia, New York, United States

The Bountiful is a manufacturer, marketer, distributor and retailer of vitamins, nutritional supplements, sports & active nutrition and ethical beauty products. The Bountiful is based in Bohemia, New York.

Buy -