M&A Deal Summary

Medtronic Acquires Visualase

On July 28, 2014, Medtronic acquired medical products company Visualase from Eventi Capital Partners for 105M USD

Acquisition Highlights
  • This is Medtronic’s 29th transaction in the Medical Products sector.
  • This is Medtronic’s 30th largest (disclosed) transaction.
  • This is Medtronic’s 29th transaction in the United States.
  • This is Medtronic’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-07-28
Target Visualase
Sector Medical Products
Buyer(s) Medtronic
Sellers(s) Eventi Capital Partners
Deal Type Divestiture
Deal Value 105M USD
Advisor(s) Leerink Partners LLC (Financial)

Target

Visualase

Houston, Texas, United States
website
Visualase, Inc. is a developer and marketer of an FDA-approved MRI-guided laser and image guided system for minimally invasive neurosurgeries, including surgical thermal ablation.

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Buyer(S) 1

Buyer

Medtronic

Dublin, Ireland

website

Category Company
Founded 1949
Sector Medical Products
Employees95,000
Revenue 31.7B USD (2022)
DESCRIPTION
Medtronic's operational headquarters in Fridley, Minnesota.
Medtronic's operational headquarters in Fridley, Minnesota.

Medtronic is a global medical technology company whose products aim to alleviate pain, restore health, and extend life. Medtronic serves hospitals, physicians, clinicians, and patients in approximately 160 countries worldwide. Medtronic was founded in 1949 and is based in Dublin, Ireland with its operational headquarters in Fridley, Minnesota.

DEAL STATS #
Overall 33 of 59
Sector (Medical Products) 29 of 52
Type (Divestiture) 1 of 2
State (Texas) 1 of 1
Country (United States) 29 of 44
Year (2014) 4 of 6
Size (of disclosed) 30 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-15 Covidien

Dublin, Ireland

Covidien plc is a global healthcare technology and medical supplies provider. Covidien was formed as a spin-off from Tyco in 2007 and is based in Dublin, Ireland.

Buy $42.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Sapiens Steering Brain Stimulation

Munich, Germany

Sapiens Steering Brain Stimulation GmbH is developing a Deep Brain Stimulation (DBS) system for patients suffering from brain disorders such as Parkinson’s disease. Sapiens’ innovative solution is an advanced DBS lead with 40 individual stimulation points.

Buy $200M

Seller(S) 1

SELLER

Eventi Capital Partners

Investor Investor Investor

website

Category Growth Capital Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Eventi Capital Partners is a private investment group focused on growth capital investments in SaaS based businesses, internet infrastructure, and medical devices. Eventi was formed in 2002 and is based in Toronto, Ontario.

DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 Visualase

Houston, Texas, United States

Visualase, Inc. is a developer and marketer of an FDA-approved MRI-guided laser and image guided system for minimally invasive neurosurgeries, including surgical thermal ablation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 Tenzing

Toronto, Ontario, Canada

Tenzing is a cloud based web hosting company provides solutions and services that enhance performance, maintain security and simplify compliance for retailers and manufacturers.

Buy -
Mergr

Product

Company

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