M&A Deal Summary

TE Connectivity Acquires AdvancedCath

On April 10, 2015, TE Connectivity acquired medical products company AdvancedCath from Inverness Graham Investments for 190M USD

Acquisition Highlights
  • This is TE Connectivity’s 1st transaction in the Medical Products sector.
  • This is TE Connectivity’s 6th largest (disclosed) transaction.
  • This is TE Connectivity’s 8th transaction in the United States.
  • This is TE Connectivity’s 2nd transaction in California.

M&A Deal Summary
Date 2015-04-10
Target AdvancedCath
Sector Medical Products
Buyer(s) TE Connectivity
Sellers(s) Inverness Graham Investments
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

AdvancedCath

San Jose, California, United States
website
AdvancedCath, Inc. is a provider in the design, development and manufacturing of advanced catheter systems. AdvancedCath works with medical device OEMs to design and manufacture catheter and guidewire systems used in complex interventional and endosurgical procedures.

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Buyer(S) 1

Buyer

TE Connectivity

Schaffhausen, Switzerland

website

Category Company
Founded 2000
Sector Electrical Equipment
Employees85,000
Revenue 16.3B USD (2022)
DESCRIPTION

TE Connectivity is a designer and manufacturer of products at the heart of electronic connections for industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity was founded in 2000 and is based in Schaffhausen, Switzerland.

DEAL STATS #
Overall 10 of 15
Sector (Medical Products) 1 of 3
Type (Add-on Acquisition) 9 of 13
State (California) 2 of 3
Country (United States) 8 of 11
Year (2015) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Measurement Specialties

Hampton, Virginia, United States

Measurement Specialties, Inc. designs and manufactures sensors and sensor-based systems to measure precise ranges of physical characteristics such as measuring pressure, linear/rotary position, force, torque, piezoelectric polymer film sensors, custom microstructures, load cells, vibrations and acceleration, optical absorption, humidity, gas concentration, gas flow rate, temperature, fluid properties and fluid level.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 TE Connectivity - Broadband Network Solutions

United States

TE Connectivity - Broadband Network Solutions (BNS) businesses is a provider of fiber optic connectivity for wireline and wireless networks.

Sell $3.0B

Seller(S) 1

SELLER

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $5 to $35 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.

DEAL STATS #
Overall 7 of 16
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (California) 2 of 3
Country (United States) 7 of 16
Year (2015) 1 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Spirion

St. Petersburg, Florida, United States

Spirion is a provider of IT security and data privacy software. The company serves a broad slate of sophisticated customers, many of which operate internationally. Spirion has grown quickly thanks to its unique solution, which helps customers identify, classify, monitor and protect sensitive information stored throughout an IT ecosystem. Its software lets clients automatically remediate issues with sensitive data, such as deleting duplicative files, redacting information and applying permissions, among other actions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Infiltrator Water Technologies

Old Saybrook, Connecticut, United States

Infiltrator Water Technologies LLC is a manufacturer of products for the water and wastewater industries. Infiltrator manufactures a variety of revolutionary products and innovative, environmentally friendly alternatives to traditional stone and pipe leachfield and concrete septic wastewater system components. Infiltrator Water Technologies LLC was founded in 1987 and is based in Old Saybrook, Connecticut.

Sell -
Mergr

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