M&A Deal Summary

The Carlyle Group, Hellman & Friedman, The Blackstone Group and GIC Acquire Medline

On June 5, 2021, private equity firm The Carlyle Group, private equity firm Hellman & Friedman, private equity firm The Blackstone Group and sovereign wealth fund GIC acquired medical products company Medline for 34.0B USD

Acquisition Highlights
  • This is The Carlyle Group’s 16th, Hellman & Friedman’s 2nd, The Blackstone Group’s 5th and GIC’s 2nd transaction in the Medical Products sector.
  • This is The Carlyle Group’s , Hellman & Friedman’s , The Blackstone Group’s and GIC’s largest (disclosed) transaction.
  • This is The Carlyle Group’s 324th, Hellman & Friedman’s 55th, The Blackstone Group’s 174th and GIC’s 11th transaction in the United States.
  • This is The Carlyle Group’s 20th, Hellman & Friedman’s 5th, The Blackstone Group’s 7th and GIC’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-06-05
Target Medline
Sector Medical Products
Buyer(s) The Carlyle Group
Hellman & Friedman
The Blackstone Group
GIC
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 34.0B USD
Advisor(s) Goldman Sachs
BDT & Co. LLC (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Medline

Northfield, Illinois, United States
website
Medline is a healthcare company: a manufacturer, distributor and solutions provider focused on improving the overall operating performance of healthcare. Medline works with both the country’s largest healthcare systems and independent facilities across the continuum of care to provide the clinical and supply chain resources required for long-term financial viability in delivering high quality care.

Search 192,180 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 4

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 671 of 695
Sector (Medical Products) 16 of 16
Type (Buyout (LBO, MBO, MBI)) 199 of 202
State (Illinois) 20 of 21
Country (United States) 324 of 336
Year (2021) 7 of 20
Size (of disclosed) 1 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Novetta

McLean, Virginia, United States

Novetta is a provider of advanced technology-rich software and IT services to the Intelligence Community and Department of Defense. Novetta is based in McLean, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 1E

London, United Kingdom

1E provides real-time diagnosis, remediation, and automation that fixes issues, fast and without interruption. It puts employees in control, through self-service, self-heal, and sentiment monitoring to understand how they really feel and reduces help desk calls and ultimately costs. 1E was founded in 1997 and is based in London, United Kingdom.

Buy -
Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 80 of 87
Sector (Medical Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 14 of 15
State (Illinois) 5 of 6
Country (United States) 55 of 60
Year (2021) 4 of 9
Size (of disclosed) 1 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 At Home Group

Plano, Texas, United States

At Home Group is a retailer of decorative home accessories, seasonal products, and craft materials. At Home Group offers more than 50,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art, and housewares to tabletop, patio, and seasonal decor. At Home Group was founded in 1979 and is based in Plano, Texas.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Nets

Ballerup, Denmark

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

Sell -
Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 284 of 319
Sector (Medical Products) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 70 of 74
State (Illinois) 7 of 10
Country (United States) 174 of 201
Year (2021) 11 of 26
Size (of disclosed) 1 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 IDG

Needham, Massachusetts, United States

IDG provides market intelligence for the fast-growing technology industry. For more than five decades, it has delivered proprietary insights and data for technology suppliers and buyers on every major shift in the technology market -- from the invention of the personal computer and launch of the iPhone to the emergence of cloud computing and artificial intelligence. This new ownership will allow IDG to invest significantly in additional opportunities for ongoing growth across its technology and product portfolio, including strategic acquisitions to extend its market leadership position.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 QTS

Overland Park, Kansas, United States

QTS is a provider of secure, compliant data center solutions and fully managed services. QTS’ integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.

Buy $10.0B
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 34 of 38
Sector (Medical Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Illinois) 1 of 1
Country (United States) 11 of 13
Year (2021) 3 of 4
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 McAfee

Santa Clara, California, United States

McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was formed in 1987 and is based in Santa Clara, California.

Buy $14.0B