M&A Deal Summary

Equistone Partners Europe Limited Acquires Sunrise Medical

On November 6, 2012, private equity firm Equistone Partners Europe Limited acquired medical products company Sunrise Medical from Vestar Capital Partners

Acquisition Highlights
  • This is Equistone Partners Europe Limited’s 6th transaction in the Medical Products sector.
  • This is Equistone Partners Europe Limited’s 26th transaction in Germany.
Investment Fate
  • Sunrise Medical was sold to a consortium of financial buyers in 2015.

M&A Deal Summary

Date 2012-11-06
Target Sunrise Medical
Sector Medical Products
Buyer(s) Equistone Partners Europe Limited
Sellers(s) Vestar Capital Partners
Deal Type Secondary Buyout
Advisor(s) Edmond de Rothschild Corporate Finance (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Sunrise Medical

Malsch , Germany
website
Sunrise Medical is a developer, designer, manufacturer, and distributor of manual and powered wheelchairs, mobility scooters, and both standard and customized seating and positioning systems. Company key products, marketed under the Quickie, Zippie, Breezy, Sterling, JAY, Coopers and Lomax proprietary brands, are sold through a network of homecare medical product dealers or distributors in over 130 countries. Sunrise Medical was founded in 1983 and is based in Malsch, Germany.

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Buyer(S) 1

Buyer

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone Partners Europe Ltd is a private equity firm that invests in small to mid-sized companies with valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, and recapitalizations. Equistone Partners Europe Ltd. (formerly Barclays Private Equity Ltd) was formed in 1997 and is based in London.


DEAL STATS #
Overall 174 of 253
Sector (Medical Products) 6 of 6
Type (Secondary Buyout) 41 of 84
Country (Germany) 26 of 42
Year (2012) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 NES Fircroft

Cheshire, United Kingdom

NES Fircroft is a global provider of specialist white collar personnel to the global oil and gas, power, and infrastructure markets.

Buy £234M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Gardman

Peterborough, United Kingdom

Gardman Ltd. is a provider of wild bird-care products such as seeds and feeders; tooling, gardening footwear and gloves; lighting; greenhouses; and pots, planters and hanging baskets. Gardman Ltd. was founded in 1992 and is based in Peterborough, United Kingdom.

Sell £85M

Seller(S) 1

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 47 of 64
Sector (Medical Products) 2 of 3
Type (Secondary Buyout) 11 of 16
Country (Germany) 1 of 1
Year (2012) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-27 AZ Electronic Materials SA

Luxembourg, Luxembourg

AZ Electronic Materials S.A., is a producer and supplier of specialty chemical materials for the electronics market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 St. John Knits

Irvine, California, United States

St. John Knits designs, manufactures and markets women's clothing and accessories. The Company's products are sold under the St. John, Griffith & Gray and Marie Gray trade names. St. John's retail division operates 17 boutiques and nine outlet stores.

Sell -