Altaris Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Altaris has acquired 6 companies. It has also invested in 1 other.

Altaris’ most common sectors for investment aremedical products (37%) and life science (23%) . The Firm’s most common investment types include growth capital (23%) and buyout (lbo, mbo, mbi) (20%). In total, Altaris has invested in 17 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Padagis for $1.6B.

In the last 3 years, Altaris has exited 3 companies. The Firm’s most common exit type is trade sale (42%). Altaris’ largest (disclosed) exit occurred in 2011 when it sold SpecialtyCare for $2.3B.

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M&A Summary

  • M&A Total Activity60
    • M&A Buy Activity36
    • M&A Sell Activity24
  • Total Sectors Invested 9
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 26
  • M&A Advisors 11

Altaris

Altaris LLC

10 East 53rd Street, 31st Floor,
New York City, New York 10022
United States
(212) 931-0250
www.altariscap.com
info@altariscap.com

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Healthcare Services, Life Science, Medical Products

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Stake Purchase, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Nordic

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 15 50
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 29 - 4 1 - 2 36
vol $2.1B $2.1B $241M $4.4B
Sell (0.8/yr) # 20 1 3 - - - 24
vol $3.2B $2.4B $5.6B
  60

Most Recent M&A

Company Date Value Type
Minaris Regenerative Medicine LLC 2024-09-24 - Divestiture
Allendale, New Jersey · www.rm.minaris.com
Sharecare, Inc. 2024-06-21 - Going Private
Atlanta, Georgia · www.sharecare.com
IntriCon Corp. 2022-02-28 241M USD Going Private
Arden Hills, Minnesota · www.intricon.com
Veranova 2021-12-17 500M GBP Divestiture
Wayne, Pennsylvania · www.veranova.com
Meridian Medical Technologies LLC 2021-11-02 - Divestiture
St. Louis, Missouri · www.meridianmeds.com
BK Medical Holding Company, Inc. 2021-09-23 1.5B USD Divestiture
Peabody, Massachusetts · www.bkmedical.com
Paramit Corp. 2021-06-23 956M CHF Trade Sale
Morgan Hill, California · www.paramit.com
Solesis, Inc. 2021-04-15 - Stake Purchase
Perkasie, Pennsylvania · www.solesis.com
SH Franchising LLC 2021-04-01 - Trade Sale
Towson, Maryland · www.seniorhelpers.com
Padagis LLC 2021-03-01 1.6B USD Divestiture
Allegan, Michigan · www.padagis.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
HealthTronics, Inc. 2014-02-03 United Therapies LLC 2016-03-09 8
Austin, Texas · www.healthtronics.com Grange, Illinois · www.unitedtherapies.com

M&A by Sector

Sector Current # Value All-time # Value
Medical Products 6 (40%) 1.5B (35%) 13 (36%) 1.5B (34%)
Life Science 5 (33%) 2.7B (65%) 8 (22%) 2.7B (62%)
Healthcare Services - - 7 (19%) 175M (4%)
Insurance 1 (7%) - 2 (6%) -
Software 1 (7%) - 2 (6%) -
Business Services - - 1 (3%) -
Consumer Services - - 1 (3%) -
Information Technology 1 (7%) - 1 (3%) -
Internet Software and Services 1 (7%) - 1 (3%) -
Total 15 $4.2B 36 $4.4B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (93%) 4.2B (100%) 34 (94%) 4.3B (99%)
  Pennsylvania 2 (13%) 500M (12%) 5 (14%) 500M (11%)
  Minnesota 4 (27%) 891M (21%) 4 (11%) 891M (20%)
  Texas 1 (7%) 130M (3%) 4 (11%) 130M (3%)
  New Jersey 1 (7%) - 3 (8%) -
  Indiana 1 (7%) - 3 (8%) -
  Tennessee 1 (7%) - 2 (6%) -
  California - - 2 (6%) 175M (4%)
  Ohio - - 2 (6%) -
  Michigan 1 (7%) 1.6B (37%) 1 (3%) 1.6B (35%)
  Massachusetts 1 (7%) 1.1B (26%) 1 (3%) 1.1B (25%)
  Missouri 1 (7%) - 1 (3%) -
  Georgia 1 (7%) - 1 (3%) -
  Arizona - - 1 (3%) -
  New Mexico - - 1 (3%) -
  Maryland - - 1 (3%) -
  Florida - - 1 (3%) -
  District of Columbia - - 1 (3%) -
Canada 1 (7%) - 1 (3%) -
  Quebec 1 (7%) - 1 (3%) -
United Kingdom - - 1 (3%) 42M (1%)
Domestic 14 (93%) 4.2B (100%) 34 (94%) 4.3B (99%)
Cross-border 1 (7%) - 2 (6%) 42M (1%)
Total 15 $4.2B 36 $4.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 3 (20%) - 8 (22%) -
Buyout (LBO, MBO, MBI) - - 7 (19%) 175M (4%)
Divestiture 6 (40%) 2.8B (68%) 6 (17%) 2.8B (64%)
Secondary Buyout 2 (13%) - 6 (17%) 42M (1%)
Going Private 3 (20%) 1.3B (32%) 3 (8%) 1.3B (31%)
Recapitalization - - 2 (6%) -
Stake Purchase 1 (7%) - 2 (6%) -
Consolidation - - 1 (3%) -
Venture - - 1 (3%) -
Total 15 $4.2B 36 $4.4B

Exits by Deal Type

Type Total # Value
Secondary Sale 8 (33%) 2.6B (45%)
Trade Sale - Public Company 5 (21%) 1.5B (27%)
Trade Sale 5 (21%) -
Recapitalization 3 (13%) -
Divestiture 2 (8%) 1.5B (28%)
Merger 1 (4%) -
Total 24 $5.6B

Top M&A Advisors

Financial Deals
Goldman Sachs
 2
J.P. Morgan Securities
 2
Lincoln International
 1
Legal Deals
Schiff Hardin LLP
 3
Kirkland & Ellis
 2
Cleary Gottlieb Steen & Hamilton
 2

Deal Values

buy # Total
> $1B 2 $2.7B
$100M to $1B 5 $1.7B
< $100M 1 $42M
TOTAL $4.4B
Largest Padagis LLC
$1.6B (2021-03-01)
sell # Total
> $1B 2 $3.8B
$100M to $1B 5 $1.7B
< $100M 2 $111M
TOTAL $5.6B
Largest SpecialtyCare, Inc.
$2.3B (2011-05-24)

M&A Connections

Deals
Acquired from
Investor(s)
19%
7 (19%)
Strategic(s)
14%
5 (14%)
Exited to
Investor(s)
46%
11 (46%)
Strategic(s)
54%
13 (54%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

10.0B USD

Established

2003

Specialist/Generalist

Specialist

Leadership

Daniel Tully

Co-founder & Managing Director

George Aitken-Davies

Founder & Managing Director

Garikai Nyaruwata

Managing Director

James O’Brien

Managing Director

Nicholas Fulco

Managing Director

FAQ

When was Altaris founded?

Altaris was founded in 2003.

What type of investor is Altaris?

Altaris is a private equity firm.

Where is Altaris headquartered?

Altaris is headquartered in New York City, New York.

How much capital does Altaris have under management?

Altaris has 10.0B USD under management.

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