M&A Deal Summary

Onex Partners Acquires Carestream Health

On May 1, 2007, private equity firm Onex Partners acquired medical products company Carestream Health from Kodak for 2.6B USD

Acquisition Highlights
  • This is Onex Partners’ 1st transaction in the Medical Products sector.
  • This is Onex Partners’ 7th largest (disclosed) transaction.
  • This is Onex Partners’ 13th transaction in the United States.
  • This is Onex Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2007-05-01
Target Carestream Health
Sector Medical Products
Buyer(s) Onex Partners
Sellers(s) Kodak
Deal Type Divestiture
Deal Value 2.6B USD
Advisor(s) Goldman Sachs (Financial)
Sullivan & Cromwell (Legal)

Target

Carestream Health

Rochester, New York, United States
website
Carestream's corporate headquarters in Rochester, New York.
Carestream's corporate headquarters in Rochester, New York.
Carestream Health is a global provider of medical and dental imaging products and services. Its offerings include digital x-ray systems, x-ray film and healthcare information technology solutions, as well as molecular imaging systems.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 15 of 57
Sector (Medical Products) 1 of 1
Type (Divestiture) 5 of 12
State (New York) 1 of 2
Country (United States) 13 of 42
Year (2007) 2 of 4
Size (of disclosed) 7 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Beechcraft

Wichita, Kansas, United States

Beechcraft Corporation is a manufacturer of business, special mission, light attack and trainer aircraft. Beechcraft supports its installed base of Hawker business jets, King Air turboprops and Beechcraft airplanes with an extensive global network of company-owned and authorized service centers. Beechcraft is based in Wichita, Kansas.

Buy $537M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-16 Skilled Healthcare Group

Foothill Ranch, California, United States

Skilled Healthcare is a operator of long-term care facilities and a leading provider of a full continuum of post-acute care services, with a strategic emphasis on sub-acute specialty medical care. The Company operated a network of 71 facilities in California, Texas, Kansas and Nevada, including both skilled nursing and assisted living facilities.

Sell -

Seller(S) 1

SELLER

Kodak

Rochester, New York, United States

website


Category Company
Founded 1880
Sector Electronics
Employees4,200
Revenue 1.2B USD (2021)
DESCRIPTION
Entrance to Eastman Kodak's corporate headquarters in Rochester, New York.
Entrance to Eastman Kodak's corporate headquarters in Rochester, New York.

Kodak is a provider of consumer electronic products and imaging technology and solutions. Kodak was incorporated in 1880 and is based in Rochester, New York.


DEAL STATS #
Overall 3 of 7
Sector (Medical Products) 1 of 1
Type (Divestiture) 3 of 7
State (New York) 2 of 5
Country (United States) 3 of 7
Year (2007) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-19 OREX Computed Radiography

Yokneam, Israel

Orex is a provider of portable digital x-ray services and technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-07 Laser-Pacific Media

Burbank, California, United States

Laser-Pacific Media Corporation is a post-production facility. Laser Pacific was built on a unique approach to the post-production process which integrates end-to-end solutions, leading edge technologies, and talented personnel.

Sell -