M&A Deal Summary

GN Store Nord Acquires VXi

On October 13, 2016, GN Store Nord acquired medical products company VXi from Vicente Capital Partners for 35M USD

Acquisition Highlights
  • This is GN Store Nord’s 2nd transaction in the Medical Products sector.
  • This is GN Store Nord’s 2nd largest (disclosed) transaction.
  • This is GN Store Nord’s 2nd transaction in the United States.
  • This is GN Store Nord’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2016-10-13
Target VXi
Sector Medical Products
Buyer(s) GN Store Nord
Sellers(s) Vicente Capital Partners
Deal Type Add-on Acquisition
Deal Value 35M USD

Target

VXi

Dover, New Hampshire, United States
website
VXi Corp. is a provider of corded and wireless headset solutions designed specifically for high-noise environments. VXi’s noise-cancelling microphones filter out more background noise than competitive solutions, helping customers communicate clearly, consistently, and naturally.

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Buyer(S) 1

Buyer

GN Store Nord

Ballerup, Denmark

website


Category Company
Founded 1869
Sector Medical Products
Employees5,625
Revenue 15.8B DKK (2021)
DESCRIPTION

GN Store Nord is a developer, manufacturer, and marketer of intelligent audio solutions. Its current product portfolio encompasses innovative hearing aids and hearing healthcare solutions and ear-related diagnostic equipment, computerized audiology, and hearing-instrument ?tting equipment. GN Store Nord was founded in 1869 and is based in Ballerup, Denmark.


DEAL STATS #
Overall 2 of 4
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (New Hampshire) 1 of 1
Country (United States) 2 of 3
Year (2016) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 GN Otometrics

Ballerup, Denmark

GN Otometrics is a manufacturer of hearing diagnostics and balance assessment equipment, disposables & software, currently being sold in over 86 countries.

Sell $145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Panacast

Cupertino, California, United States

Altia Systems, Inc. is a developer of premium video communications solutions utilizing digital multi-camera array technology. Altia Systems was founded in 2011 and is based in Cupertino, California.

Buy $125M

Seller(S) 1

SELLER

Vicente Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Vicente Capital Partners is a private equity firm focused on growth capital and recapitalizations throughout North America. Vicente looks to invest $10 - $30 million in companies generating sales of $10 - $50 million. The Firm looks to invests in preferred stock or structured equity in companies with enterprise value of $50 million and EBITDA up to $15 million. Vicente consider both control and non-control equity positions. Specific areas of interest include Outsourced services, internet services, telecom services, healthcare services, residential delivery, education/E-learning, aerospace/defense, networking/telecom equipment and environmental products. Vicente Capital Partners was previously known as Kine Hawkes & Co. The Firm was formed in 2007 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 5
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (New Hampshire) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 iBwave Solutions

Montreal, Quebec, Canada

iBwave is a provider of design software for in-building wireless solutions for a wide range of customers and system integrators. Its software and professional services are used by more than 600 global leading telecom operators, system integrators, and equipment manufacturers in more than 80 countries worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Intellectual Technology

Fort Wayne, Indiana, United States

Intellectual Technology is a provider of both on-demand printing and fulfillment solutions to modernize DMV operations and services. Powered by its proprietary software, ITI’s on-demand offering features both printers managed by DMV personnel and self-service kiosks which enable customers to receive vehicle registrations and other DMV services without having to wait in line for DMV personnel. Intellectual Technology was founded in 1989 and is based in Fort Wayne, Indiana.

Sell -