M&A Deal Summary

Teleflex Acquires NeoTract

On September 5, 2017, Teleflex acquired life science company NeoTract from Quilvest Capital Partners for 1.1B USD

Acquisition Highlights
  • This is Teleflex’s 1st transaction in the Life Science sector.
  • This is Teleflex’s 2nd largest (disclosed) transaction.
  • This is Teleflex’s 15th transaction in the United States.
  • This is Teleflex’s 4th transaction in California.

M&A Deal Summary

Date 2017-09-05
Target NeoTract
Sector Life Science
Buyer(s) Teleflex
Sellers(s) Quilvest Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) J.P. Morgan Securities (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

NeoTract

Pleasanton, California, United States
NeoTract, Inc. is a privately-held medical device company that has developed and commercialized the FDA-cleared UroLift® System, a novel, minimally invasive technology for treating lower urinary tract symptoms due to benign prostatic hyperplasia, or BPH. Performed primarily through a transurethral outpatient procedure, the UroLift® System delivers permanent implants that hold open the urethra, reducing the prostate obstruction without cutting, heating, or removing prostate tissue.

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Buyer(S) 1

Buyer

Teleflex

Wayne, Pennsylvania, United States

Category Company
Founded 1943
Sector Medical Products
Employees14,100
Revenue 3.0B USD (2024)
DESCRIPTION

Teleflex is a provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex markets and sells its products to hospitals and healthcare providers worldwide through a combination of our direct sales force and distributors. Teleflex was founded in 1943 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 23 of 29
Sector: Life Science M&A 1 of 2
Type: Add-on Acquisition M&A Deals 20 of 24
State: California M&A 4 of 4
Country: United States M&A 15 of 19
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Vascular Solutions

Minneapolis, Minnesota, United States

Vascular Solutions, Inc. is a medical device developer. The company creates solutions for interventional cardiologists and interventional radiologists, including the D-Stat Dry hemostatic bandage, Pronto extraction catheter, Vari-Lase endovenous laser, Duett sealing device and D-Stat Flowable hemostat.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Essential Medical

Exton, Pennsylvania, United States

Essential Medical is a medical device company aiming to develop and commercialize new vascular closure devices for femoral punctures following diagnostic and interventional cardiac catheterization procedures. The company was founded in 2010 by Greg Walters, a senior product development executive with 23 years of experience creating innovative cardiovascular products, and Dr. Gary Roubin, MD, PhD, a coronary and carotid stenting pioneer.

Buy -

Seller(S) 1

SELLER

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 49 of 69
Sector: Life Science M&A 4 of 5
Type: Add-on Acquisition M&A Deals 18 of 27
State: California M&A 6 of 6
Country: United States M&A 23 of 35
Year: 2017 M&A 3 of 6
Size (of disclosed) 5 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-07 Findis Group

Beaucouze, France

Findis Group is a distributor of electrical appliances, kitchen supplies, do-it-yourself and household equipment. Findis Group was founded in 1987 and is based in Beaucouze, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 5asec

Geneva, Switzerland

5asec is a provider of dry-cleaning and textile maintenance services with over 1,730-stores in 31 countries. 5asec was formed in 1968 and is based in Geneva, Switzerland.

Sell -