M&A Deal Summary

Flex Acquires Avail Medical Products

On January 28, 2008, Flex acquired medical products company Avail Medical Products from Norwest Mezzanine Partners

Acquisition Highlights
  • This is Flex’s 1st transaction in the Medical Products sector.
  • This is Flex’s 3rd transaction in the United States.
  • This is Flex’s 1st transaction in Texas.

M&A Deal Summary
Date 2008-01-28
Target Avail Medical Products
Sector Medical Products
Buyer(s) Flex
Sellers(s) Norwest Mezzanine Partners
Deal Type Add-on Acquisition

Target

Avail Medical Products

Fort Worth, Texas, United States
Avail Medical Products, Inc. operates in a niche segment of the medical products industry, supplying custom-designed disposable products to national and regional manufacturers of medical supplies. Avail’s products are used principally in an operating room environment to improve efficiencies and prevent infections, with major customers including Johnson & Johnson and Baxter International.

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Buyer(S) 1

Buyer

Flex

Singapore, Singapore
Category Company
Founded 1990
Sector Semiconductors
Employees167,201
Revenue 24.2B USD (2020)
DESCRIPTION
Flextronics facility in Fremont, California.
Flextronics facility in Fremont, California.

Flex is a Sketch-to-Scale™ solutions provider that designs, manufactures and distributes intelligent products for a connected world. Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. Flex was founded in 1990 and is based in Singapore.

DEAL STATS #
Overall 3 of 13
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 3 of 13
State (Texas) 1 of 1
Country (United States) 3 of 9
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Solectron

Milpitas, California, United States

Solectron Corporation was a global electronics manufacturing company for original equipment manufacturers. It was the first electronics manufacturing services industry in 1977.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 Stellar Microelectronics

Valencia, California, United States

Stellar Microelectronics, Inc. is a full service electronics manufacturing services (EMS) provider.

Buy -

Seller(S) 1

SELLER

Norwest Mezzanine Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 15 of 53
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 5 of 26
State (Texas) 2 of 2
Country (United States) 14 of 51
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-22 Avtron Aerospace

Cleveland, Ohio, United States

Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-12 Ryt-way Industries

Lakeville, Minnesota, United States

Ryt-Way Packaging Corp. is a contract manufacturer and packager serving the food industry. Ryt-way provides primary and secondary co-manufacturing, logistics and inventory management services with current capabilities focused on foods such as ready-to-eat cereals and meals, snack foods, crackers, mixes and convenience foods.

Buy -
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