M&A Deal Summary |
|
|---|---|
| Date | 2013-01-15 |
| Target | NDS Surgical Imaging |
| Sector | Medical Products |
| Buyer(s) | Novanta |
| Sellers(s) |
Fifth Street Capital
Riverside Partners HighPoint Capital Management |
| Deal Type | Add-on Acquisition |
| Deal Value | 83M USD |
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| Category | Company |
|---|---|
| Founded | 1968 |
| Sector | Technology Hardware |
| Employees | 2,700 |
| Revenue | 707M USD (2021) |
Novanta is a manufacturer of of core technology solutions that give advanced industrial and healthcare OEMs a competitive advantage. Novanta was founded in 1968 and is based in Bedford, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 13 |
| Sector (Medical Products) | 1 of 3 |
| Type (Add-on Acquisition) | 3 of 10 |
| State (California) | 1 of 3 |
| Country (United States) | 2 of 9 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 7 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-10 |
General Optics
Moorpark, California, United States General Optics, Inc. is a manufacturer of ultra-high quality optical components and coatings for the aerospace and defence sector. The company also serves the telecommunications, semiconductor, metrology, biomedical and research markets, and is a leading supplier of ring laser gyroscope mirrors and frames to manufacturers of inertial navigation systems. |
Sell | $21M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-13 |
GSI - Semiconductor Systems
Bedford, Massachusetts, United States The Semiconductor Systems business, with manufacturing operations in Bedford, Massachusetts, is one of the world's leading suppliers of fully automated laser-based systems for process control and yield improvement, targeting the worldwide semiconductor, microelectronics and electronics industries. |
Sell | - |
Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 59 |
| Sector (Medical Products) | 2 of 5 |
| Type (Add-on Acquisition) | 4 of 27 |
| State (California) | 1 of 5 |
| Country (United States) | 5 of 58 |
| Year (2013) | 1 of 9 |
| Size (of disclosed) | 9 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-09 |
Ad-Venture Interactive
Lenexa, Kansas, United States Ad-Venture Interactive is a provider of online integrated marketing and enrollment services to the higher education industry. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-02-11 |
TBA Global
New York, New York, United States TBA Global is an award-winning event marketing agency that designs and executes live experiences where creativity and technology converge. Some of its prestigious clients include Google, Walmart, IBM, Bank of America, and Monster Worldwide. AdAge and Event Marketer have consistently named the company one of the top Event Marketing Agencies in the United States and TBA Global was recently presented with two Gold Event Technology Awards for its proprietary digital technologies. TBA Global was founded in 2004 and is based in New York City. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Focused |
Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 32 |
| Sector (Medical Products) | 4 of 7 |
| Type (Add-on Acquisition) | 6 of 14 |
| State (California) | 2 of 2 |
| Country (United States) | 13 of 32 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-01 |
Enovate Medical
Murfreesboro, Tennessee, United States Enovate Medical is a manufacturer of mobile solutions and medical technologies for the healthcare marketplace. Enovate Medical understands the unique needs of healthcare providers and is dedicated to creating products that streamline work flow processes, reduce errors, enhance quality of patient care, increase patient confidence, and put focus back on the patient. Enovate Medical was founded in 2013 and is based in Murfreesboro, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-02 |
BioAgilytix
Durham, North Carolina, United States BioAgilytix is a bioanalytical testing laboratory focused on large molecule bioanalysis for the pharmaceutical, biotechnology and agriculture industries. BioAgilytix Lab's mission is to provide outsourced analysis of biological samples that support the work of companies seeking regulatory approval of their biopharmaceutical and agricultural products. BioAgilytix was founded in 2008 and is based in Durham, North Carolina. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
HighPoint Capital LLC is a specialty finance company that provides capital for internal growth needs, refinancings, strategic acquisitions, management buyouts and dividend recapitalizations. HighPoint provides cash flow and asset based senior and subordinated term loans ranging between $2 and $10 million for lower middle market companies. The firm focuses on companies with $10 to $100 million of revenue and EBITDA of $2 to $10 million. HighPoint Capital was formed in 2004 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 13 |
| Sector (Medical Products) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 7 |
| State (California) | 2 of 2 |
| Country (United States) | 6 of 13 |
| Year (2013) | 2 of 5 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-10 |
JSI Store Fixtures
Milo, Maine, United States JSI Store Fixtures is a designer and manufacturer of high-quality refrigerated and non-refrigerated wood merchandising displays for the supermarket industry. JSI Store Fixtures was first to market with a patented line of closed-cell foam merchandising surfaces for produce. JSI Store Fixtures’ merchandising displays are used by many of North America’s top supermarkets, grocery, and food retail chains. JSI was founded in 1991 and is based in Milo, Maine. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-22 |
MilesTek
Denton, Texas, United States MilesTek Corp. is a designer and manufacturer of wired and wireless communication connectivity products. |
Sell | - |
