M&A Deal Summary

Patricia Industries Acquires Laborie Medical Technologies

On August 19, 2016, private equity firm Patricia Industries acquired medical products company Laborie Medical Technologies from Audax Private Equity

Acquisition Highlights
  • This is Patricia Industries’ 3rd transaction in the Medical Products sector.
  • This is Patricia Industries’ 2nd transaction in the United States.
  • This is Patricia Industries’ 1st transaction in New Hampshire.

M&A Deal Summary

Date 2016-08-19
Target Laborie Medical Technologies
Sector Medical Products
Buyer(s) Patricia Industries
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Advisor(s) Jefferies
Harris Williams & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Laborie Medical Technologies

Portsmouth, New Hampshire, United States
website
Laborie Medical Technologies is a manufacturer and supplier of pelvic health and gastrointestinal medical equipment and consumables. Since its founding in 1967, Laborie has been committed to delivering innovative, complete solutions that provide better diagnostics and treatment outcomes to patients worldwide. Laborie Medical Technologies was founded in 1967 and is based in Portsmouth, New Hampshire.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

DESCRIPTION

Patricia Industries is a diversified investor in mid-sized companies throughout Scandinavia and North America. The Firm is a part of publicly traded investor group Investor AB and looks to make long-term commitments in partnership with growth companies. Patricia Industries was formed in 1995 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 7 of 10
Sector (Medical Products) 3 of 3
Type (Secondary Buyout) 4 of 7
State (New Hampshire) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-23 BraunAbility

Winamac, Indiana, United States

BraunAbility is a manufacturer of wheelchair accessible vehicles and wheelchair lifts for both personal use and commercial applications. BraunAbility was founded in 1963 and is based in Winamac, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Sarnova

Dublin, Ohio, United States

Sarnova is a U.S. specialty distributor of healthcare products for the emergency preparedness and acute care markets. The company is comprised of four major business units: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services. Sarnova was founded in 2008 and is based in Dublin, Ohio.

Buy $903M

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 50 of 97
Sector (Medical Products) 3 of 6
Type (Secondary Buyout) 24 of 53
State (New Hampshire) 1 of 2
Country (United States) 48 of 92
Year (2016) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 United Urology Group

Owings Mills, Maryland, United States

United Urology Group is a urology physician practice management company with clinical offices and ambulatory surgical centers that provide general urologic care in addition to ancillary service lines including surgical centers, pharmacy, radiation therapy, and a pathology lab. United Urology Group was founded in 2006 and is based in Owings Mills, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Cadence Education

Scottsdale, Arizona, United States

Cadence Education is a premier early childhood educator in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed unparalleled expertise in preparing students to thrive in the next step of their childhood. It provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home. Cadence Education was formed in 1969 and is based in Scottsdale, Arizona.

Sell -