M&A Deal Summary

The Cooper Companies Acquires Generate Life Sciences

On November 10, 2021, The Cooper Companies acquired life science company Generate Life Sciences from GI Partners for 1.6B USD

Acquisition Highlights
  • This is The Cooper Companies’ 2nd transaction in the Life Science sector.
  • This is The Cooper Companies’ largest (disclosed) transaction.
  • This is The Cooper Companies’ 9th transaction in the United States.
  • This is The Cooper Companies’ 4th transaction in California.

M&A Deal Summary
Date 2021-11-10
Target Generate Life Sciences
Sector Life Science
Buyer(s) The Cooper Companies
Sellers(s) GI Partners
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

Generate Life Sciences

Los Angeles, California, United States
website
Generate Life Sciences is a life sciences company helping to grow and protect families through reproductive, newborn stem cell, genetic screening, medical device, and healthcare technology services. The company serves families from preconception to post-birth. Its brands CBR (Cord Blood Registry), California Cryobank, Donor Egg Bank USA, NW Cryobank, ReadyGen, Kitazato USA, and Donor Application are pioneering leaders that have helped nearly one million families. Headquartered in Los Angeles, Generate operates facilities in Tucson, New York, Boston, Palo Alto, and Rockville, MD.

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Buyer(S) 1

Buyer

The Cooper Companies

San Ramon, California, United States

website

Category Company
Founded 1980
Sector Medical Products
Employees12,000
Revenue 3.3B USD (2022)
DESCRIPTION

The Cooper Companies is a medical device company. Cooper operates through two business units, CooperVision and CooperSurgical. CooperVision provides products for contact lens wearers. CooperSurgical focuses on supplying women's health clinicians with products and treatment options to improve the delivery of healthcare to women. Cooper is headquartered in Pleasanton, California. The Cooper Companies was founded in 1980 and is based in San Ramon, California.

DEAL STATS #
Overall 12 of 13
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 10 of 10
State (California) 4 of 4
Country (United States) 9 of 10
Year (2021) 4 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 OBP Medical

Lawrence, Massachusetts, United States

OBP Medical is a medical device company that develops and markets single-use illuminating medical devices. OBP Medical’s non-surgical product portfolio includes a suite of single-use vaginal specula with integrated LED lighting technology, as well as anoscopes, laryngoscopes, endoscopic seals, and other related kits and accessories. These products are used in more than 13,000 physician offices, clinics, surgery centers, and hospitals throughout the U.S., and healthcare facilities worldwide. OBP Medical is based in Lawrence, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 Cook Medical - Reproductive Health business

Bloomington, Indiana, United States

Cook Medical's Reproductive Health business developing products for obstetrics and gynecology. Cook Medical's Reproductive Health business is based in Bloomington, Indiana.

Buy $875M

Seller(S) 1

SELLER

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.

DEAL STATS #
Overall 23 of 23
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (California) 6 of 6
Country (United States) 18 of 18
Year (2021) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Patriot Growth Partners

Ft. Washington, Pennsylvania, United States

Patriot Growth Partners is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. The company's collaborative model delivers resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. It creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot Growth Partners was founded in 2019 and is based in Ft. Washington, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 GTY Technology

Boston, Massachusetts, United States

GTY Technology is an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting. GTY combines six leading GovTech firms under a single umbrella: CityBase, eCivis, Questica, Sherpa, OpenCounter, and Bonfire. These companies will operate as independent business units under GTY. GTY Technology was founded in 2016 and is based in Boston, Massachusetts.

Buy -
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