M&A Deal Summary

Permira Acquires Creganna-Tactx Medical

On October 6, 2010, private equity firm Permira acquired medical products company Creganna-Tactx Medical from Altaris Capital Partners for 223M EUR

Acquisition Highlights
  • This is Permira’s 2nd transaction in the Medical Products sector.
  • This is Permira’s 56th largest (disclosed) transaction.
  • This is Permira’s 1st transaction in Ireland.
Investment Fate
  • Creganna-Tactx Medical was sold to a publicly-traded strategic buyer in 2016 for 895M USD.

M&A Deal Summary

Date 2010-10-06
Target Creganna-Tactx Medical
Sector Medical Products
Buyer(s) Permira
Sellers(s) Altaris Capital Partners
Deal Type Secondary Buyout
Deal Value 223M EUR

Target

Creganna-Tactx Medical

Galway , Ireland
website
Creganna-Tactx Medical is a provider of an outsourced design and manufacturing services of minimally invasive delivery and access devices.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 70 of 157
Sector (Medical Products) 2 of 5
Type (Secondary Buyout) 8 of 42
Country (Ireland) 1 of 1
Year (2010) 3 of 4
Size (of disclosed) 56 of 60
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 eDreams ODIGEO

Madrid, Spain

eDreams ODIGEO is an online portal that allows users to find and book flight tickets and hotels. eDreams ODIGEO was founded in 2011 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 ABS

Hamilton, Bermuda

ABS is a fixed satellite services operator, supplying bandwidth connectivity to broadcasting, telecom, and government customers. ABS was founded in 1997 and is based in Hamilton, Bermuda.

Buy €184M

Seller(S) 1

SELLER

Altaris Capital Partners

New York City, New York, United States

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Altaris Capital Partners is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris Capital Partners was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 3 of 24
Sector (Medical Products) 1 of 8
Type (Secondary Buyout) 1 of 8
Country (Ireland) 1 of 1
Year (2010) 2 of 2
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Brim Holdings

Franklin, Tennessee, United States

Brim Holdings, Inc. owned and managed acute care providers, with a focus on rural and critical access hospitals.

Sell $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-18 Paramit

Morgan Hill, California, United States

Paramit is a provider of medical device manufacturing services. Paramit offers a turn-key solution, including product design and prototype development, commercial-scale component manufacturing, test solutions, and assembly services. Paramit serves many of the fastest-growing, most innovative companies in the medical device and technology marketplace. Paramit was founded in 1990 and is based in Morgan Hill, California.

Buy -