M&A Deal Summary

Sientra Acquires Miramar Labs

On June 12, 2017, Sientra acquired medical products company Miramar Labs from Aisling Capital and MPE Partners for 20M USD

Acquisition Highlights
  • This is Sientra’s 3rd transaction in the Medical Products sector.
  • This is Sientra’s largest (disclosed) transaction.
  • This is Sientra’s 3rd transaction in the United States.
  • This is Sientra’s 1st transaction in California.

M&A Deal Summary
Date 2017-06-12
Target Miramar Labs
Sector Medical Products
Buyer(s) Sientra
Sellers(s) Aisling Capital
MPE Partners
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Canaccord Genuity Corp. (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Miramar Labs

Sunnyvale, California, United States
website
Miramar Labs is a privately owned medical device company dedicated to launching the next generation energy modality to treat dermatologic medical conditions. Miramar Labs was founded in 2006 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

Sientra

Santa Barbara, California, United States

website

Category Company
Founded 2003
Sector Life Science
Employees255
Revenue 81M USD (2021)
DESCRIPTION

Sientra is a medical aesthetics company committed to making a difference in patients' lives by enhancing their body image, growing their self-esteem and restoring their confidence. Sientra was founded in 2003 and is based in Santa Barbara, California.

DEAL STATS #
Overall 3 of 4
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Specialty Surgical Products - Tissue Expander Business

Victor, Montana, United States

Specialty Surgical Products - Tissue Expander Business is a provider of breast tissue expanders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 miraDry

Santa Clara, California, United States

miraDry is the only FDA-cleared device to reduce underarm sweat, odor and permanently reduce the hair of all colors. The miraDry non-invasive procedure is safe and highly efficacious with a proven commercial and clinical track record. miraDry is based in Santa Clara, California.

Sell -

Seller(S) 2

SELLER

Aisling Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Aisling Capital is a private investment firm focused on opportunities in the healthcare and medical technology sectors. The Firm specifically looks to invest in companies developing and commercializing innovative healthcare products, services, and technologies. Aisling Capital looks to commit $20 to $50 million per investment and prefers to be the lead investor. Aisling will consider investing in both public and private companies. Aisling Capital raised its first fund in 2000. The Firm is based in New York City.

DEAL STATS #
Overall 31 of 41
Sector (Medical Products) 5 of 6
Type (Add-on Acquisition) 22 of 24
State (California) 9 of 13
Country (United States) 31 of 41
Year (2017) 2 of 2
Size (of disclosed) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 ZELTIQ Aesthetics

Pleasanton, California, United States

ZELTIQ Aesthetics, Inc. is a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform. ZELTIQ's first commercial product, the CoolSculpting® System, is designed to reduce unwanted fat. CoolSculpting is based on the scientific principle that fat cells are more sensitive to cold than the overlying skin and surrounding tissues.

Sell $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-06 Harmony

Plymouth Meeting, Pennsylvania, United States

Harmony is a biopharmaceutical company developing and commercializing innovative drugs to address unmet needs for patients with sleep and CNS disorders. Harmony was founded in 2017 and is based in Plymouth Meeting, Pennsylvania.

Buy -
SELLER

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 48 of 58
Sector (Medical Products) 5 of 5
Type (Add-on Acquisition) 23 of 27
State (California) 22 of 23
Country (United States) 46 of 56
Year (2017) 1 of 1
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 Voeller Mixers

Port Washington, Wisconsin, United States

Voeller Mixers is a equipment manufacturer with experience in the manufactured concrete products, glass, and fly-ash industries. The Cyclo-Mixer is designed and constructed to provide a fast, aggressive mixing action that delivers consistent quality day after day. Voeller Mixers was founded in 1962 and is based in Port Washington, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 DreamLine Shower

Warminster, Pennsylvania, United States

DreamLine Shower is a provider of branded premium glass shower doors, enclosures, and accessories under the DreamLine and Arizona Shower Door brands. DreamLine Shower was founded in 1999 and is based in Warminster, Pennsylvania.

Buy -
Mergr

Product

Company

Legal