M&A Deal Summary

Milliken & Company Acquires Andover Healthcare

On June 4, 2019, Milliken & Company acquired medical products company Andover Healthcare from Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is Milliken & Company’s 1st transaction in the Medical Products sector.
  • This is Milliken & Company’s 6th transaction in the United States.
  • This is Milliken & Company’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2019-06-04
Target Andover Healthcare
Sector Medical Products
Buyer(s) Milliken & Company
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition

Target

Andover Healthcare

Salisbury, Massachusetts, United States
website
Andover Healthcare, Inc. is a manufacturer of cohesive bandages and compression systems spanning healthcare, animal health, and sports medicine markets. Andover Healthcare medical tape, cohesive and wound bandages fill a gap in the healthcare, animal health and sports medicine industries. Andover Healthcare, Inc. was founded in 1976 and is based in Salisbury, Massachusetts.

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Buyer(S) 1

Buyer

Milliken & Company

Spartanburg, South Carolina, United States

website


Category Company
Founded 1865
Sector Healthcare Services
DESCRIPTION

Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people’s lives.


DEAL STATS #
Overall 6 of 10
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Massachusetts) 1 of 2
Country (United States) 6 of 9
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 Keystone Aniline

Chicago, Illinois, United States

Keystone Aniline Corp. is a manufacturer of dyes, pigments, pigment dispersions, and polymers. Keystone Aniline Corp. was established in 1920 and is headquartered in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Polartec

Lawrence, Massachusetts, United States

Polartec is a developer, manufacturer, and marketer of Polartec performance fabrics. Polartec products range from lightweight wicking base layers to insulation to extreme weather protection. Polartec was founded in 1906 and is based in Lawrence, Massachusetts.

Buy -

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1984
PE ASSETS 8.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 63 of 80
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 23 of 31
State (Massachusetts) 4 of 4
Country (United States) 56 of 69
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Riviera Partners

San Francisco, California, United States

Riviera Partners is expertise with a proprietary platform that uses machine learning to score and predict the best candidate for a company’s specific needs, Riviera is the go-to talent partner for leading venture capitalists and technology innovators. Riviera Partners was founded in 2001 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 3Cinteractive

Boca Raton, Florida, United States

3Cinteractive LLC is a provider of could-based mobile commerce solutions that helps businesses drive a stronger and more effective engagement with their consumers. 3Cinteractive LLC was founded in 2005 and is based in Boca Raton, Florida.

Sell -