Buyout (LBO, MBO, MBI) • Medical Products

Ampersand Capital Partners, EW Healthcare Partners, Alta Partners and Spindletop Capital Management Acquire Bioventus

On May 7, 2012, growth capital firm Ampersand Capital Partners, growth capital firm EW Healthcare Partners, venture capital firm Alta Partners and private equity firm Spindletop Capital Management acquired medical products company Bioventus

Acquisition Context
  • This is Ampersand Capital Partners’ 10th, EW Healthcare Partners’ 20th, Alta Partners’ 6th and Spindletop Capital Management’s 1st transaction in the Medical Products sector.
  • This is Ampersand Capital Partners’ 28th, EW Healthcare Partners’ 40th, Alta Partners’ 43rd and Spindletop Capital Management’s 1st transaction in the United States.
  • This is Ampersand Capital Partners’ 2nd, EW Healthcare Partners’ 2nd, Alta Partners’ 3rd and Spindletop Capital Management’s 1st transaction in North Carolina.
Investment Fate
  • Bioventus went public in 2021.

Explore All 542 Buyout (LBO, MBO, MBI) Medical Products Deals - Search the Database Free


M&A Deal Summary

Date May 7, 2012
Target Bioventus
Sector Medical Products
Buyer(s) Ampersand Capital Partners
EW Healthcare Partners
Alta Partners
Spindletop Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Bioventus

Durham, North Carolina, United States
Bioventus provides clinical and cost-effective therapies and diagnostics to help patients regain active lifestyles. The company's innovative products include bone stimulation devices and osteoarthritis joint fluid therapies. Bioventus was incorporated in 2011 and is based in Durham, North Carolina.
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Buyers Overview 4

Buyer

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


Deal Context for Buyer #
Overall 28 of 86
Sector: Medical Products 10 of 18
Type: Buyout (LBO, MBO, MBI) 12 of 23
State: North Carolina 2 of 3
Country: United States 28 of 70
Year: 2012 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 BakoDx

Alpharetta, Georgia, United States

BakoDx provides specialty laboratory testing services that offer a comprehensive testing menu, including complete anatomic pathology services, proprietary molecular genetic testing, and peripheral neuropathy immuno-histochemical testing. Bako is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-24 Calloway Laboratories

Woburn, Massachusetts, United States

Calloway Laboratories, Inc. is a premier provider of specialized clinical toxicology services to support pain management as well as addiction recovery programs.

Buy -
Buyer

EW Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Essex Woodlands Health Ventures is a growth equity and venture capital specialist investment firm focused on opportunities across the healthcare sector. Specific areas of interest include biotechnology, pharmaceuticals, medical devices, and healthcare services/IT. Historically, Essex invested primarily in early and later-stage situations; however, today the firm also makes growth capital investments between $20 - $60 million in companies valued between $50 - $250 million, as well as private investments in public entities (PIPEs). Essex Woodlands was formed in 1985 and offices in Palo Alto, California; New York City; Houston, Texas; Shanghai and London.


Deal Context for Buyer #
Overall 45 of 59
Sector: Medical Products 20 of 24
Type: Buyout (LBO, MBO, MBI) 5 of 7
State: North Carolina 2 of 3
Country: United States 40 of 50
Year: 2012 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 PreCision Dermatology

Cumberland, Rhode Island, United States

PreCision Dermatology, Inc. is a specialty pharmaceutical company developing, manufacturing and marketing prescription and consumer dermatology products. Our mission is to develop innovative skincare therapies with proven clinical performance that patients prefer and physicians are confident to prescribe.

Sell $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-10 Influence Health

Birmingham, Alabama, United States

Influence Health, Inc. is a provider of patient engagement software and healthcare marketing analytics solutions to hospitals across the United States and Canada. The company's software platform helps healthcare organizations attract and retain patients and improves patient experience and care through enhanced patient-doctor communication and information accessibility.

Buy -
Buyer

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


Deal Context for Buyer #
Overall 51 of 59
Sector: Medical Products 6 of 6
Type: Buyout (LBO, MBO, MBI) 4 of 4
State: North Carolina 3 of 3
Country: United States 43 of 50
Year: 2012 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-08 ChemoCentryx

San Carlos, California, United States

ChemoCentryx is a biopharmaceutical company developing new medications for inflammatory and autoimmune diseases and cancer. ChemoCentryx targets the chemokine and chemoattractant systems to discover, develop and commercialize orally administered therapies. ChemoCentryx was incorporated in 1996 and is headquartered in San Carlos, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-23 ZS Pharma

Coppell, Texas, United States

ZS Pharma, founded in 2008, is a privately held specialty pharmaceutical company based in Coppell, Texas and Menlo Park, CA. Our core focus is the research and development of highly selective ion-trap therapies to treat serious medical conditions.

Buy -
DESCRIPTION

Spindletop Capital Management LLC is an investment firm focused on both regional and national companies from the healthcare sector. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and recapitalizations. Spindletop Capital Management was formed in 2011 and is based in Austin, Texas.


Deal Context for Buyer #
Overall 1 of 4
Sector: Medical Products 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 2
State: North Carolina 1 of 1
Country: United States 1 of 4
Year: 2012 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 HNI Healthcare

Austin, Texas, United States

HNI Healthcare is a provider of tech-enabled hospitalist services. HNI specializes in hospitalist staffing and management services, utilizing its proprietary VitalSigns software platform to more efficiently deliver clinical best practices within hospital-based medicine. HNI Healthcare was founded in 2009 and is based in Austin, Texas.

Buy -