M&A Deal Summary

Shalby Acquires Consensus Orthopedics

On May 17, 2021, Shalby acquired medical products company Consensus Orthopedics from Breakwater Management and Coremix Capital for 11M USD

Acquisition Highlights
  • This is Shalby’s 1st transaction in the Medical Products sector.
  • This is Shalby’s largest (disclosed) transaction.
  • This is Shalby’s 1st transaction in the United States.
  • This is Shalby’s 1st transaction in California.

M&A Deal Summary
Date 2021-05-17
Target Consensus Orthopedics
Sector Medical Products
Buyer(s) Shalby
Sellers(s) Breakwater Management
Coremix Capital
Deal Type Add-on Acquisition
Deal Value 11M USD

Target

Consensus Orthopedics

El Dorado Hills, California, United States
website
Consensus Orthopedics designs, manufactures and distributes high-quality reconstructive total joint implants for the hip and knee. Consensus Orthopedics sells its products throughout North America, Western Europe, Turkey, China, Japan, and Australia. Consensus Orthopedics was founded in 1992 and is based in El Dorado Hills, California.

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Buyer(S) 1

Buyer

Shalby

Ahmedabad, India

website

Category Company
Founded 1994
Sector Healthcare Services
Revenue 7.0B INR (2022)
DESCRIPTION

Shalby operates multi-specialty hospitals primarily in India. The company offers arthroscopy, arthroplasty, cardiology, cardiothoracic and vascular surgery, cosmetic and aesthetic, dental cosmetic and implantology, emergency medicine, endocrinology, endoscopy and laparoscopy, ENT surgery, gastroentero surgery, gastroenterology, general medicine and surgery, hair transplant, liver disease and transplant, and hip and knee joint replacement services. Shalby was founded in 1994 and is based in Ahmedabad, India.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Breakwater Management

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2009
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Breakwater Investment Management is a private investment firm focused on providing loans and growth capital financing to owner-entrepreneurs and sponsor-backed businesses in the lower middle-market. The Firm looks to commit $10 to $75 million in profitable companies ($5 to $25 million of EBITDA) throughout the US and Canada. Breakwater Investment Management was formed in 2008 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 9 of 10
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (California) 5 of 6
Country (United States) 9 of 10
Year (2021) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-24 Alpha Media

Portland, Oregon, United States

Alpha Media is a diverse multimedia company sharing your favorite music, sports, and news across a variety of platforms. Alpha Media is an owner and operator of radio stations across the U.S. covering all formats. Alpha Media currently owns over 130 radio stations and remains active in the pursuit of additional acquisition targets. Alpha Media was founded in 2009 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Matcon

Coquitlam, British Columbia, Canada

Matcon is an innovative company for construction services in the Vancouver Metro area. Since its inception almost twenty years ago, the company has continued to update and expand services from original expertise in excavation & shoring work to demolition, environmental contracting, infrastructure construction, and deep foundations. Matcon was formed in 1997 and is based in Coquitlam, British Columbia.

Buy -
SELLER

Coremix Capital

website

Category Family Office
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Coremix Capital is a collection of family investors focused on providing subordinated debt and equity capital ($1 to $15 million) to middle-market companies. Coremix looks to develop a balanced and diversified portfolio of investments in well-managed companies whose primary constraint to growth is the inability to access sufficient investment capital. Sectors of interest include consumer packaged goods, life science, manufacturing, real estate, healthcare services, education, machinery, and consumer focused technology. Investment proceeds are generally used to support recapitalizations, divestitures, buyouts, acquisitions, growth financings, and sponsored/unsponsored transactions. Coremix Capital is based in Vancouver, Washington.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 MobileRQ

Portland, Oregon, United States

MobileRQ, Inc. is a contextual mobile marketing platform that allows enterprises to create personalized messages and in-app contents for brand engagement. MobileRQ, Inc. was established in 2012 and is headquartered in Portland, Oregon.

Sell -
Mergr

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