M&A Deal Summary

TranS1 Acquires Baxano Surgical

On May 31, 2013, TranS1 acquired medical products company Baxano Surgical from Three Arch Partners for 24M USD

Acquisition Highlights
  • This is TranS1’s 1st transaction in the Medical Products sector.
  • This is TranS1’s largest (disclosed) transaction.
  • This is TranS1’s 1st transaction in the United States.
  • This is TranS1’s 1st transaction in California.

M&A Deal Summary
Date 2013-05-31
Target Baxano Surgical
Sector Medical Products
Buyer(s) TranS1
Sellers(s) Three Arch Partners
Deal Type Add-on Acquisition
Deal Value 24M USD
Advisor(s) Leerink Partners LLC (Financial)
Morrison & Foerster (Legal)

Target

Baxano Surgical

San Jose, California, United States
website
Baxano Surgical, Inc. is a medical device company focused on designing, developing and marketing products to treat degenerative conditions of the spine affecting the lumbar region.

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Buyer(S) 1

Buyer

TranS1

Denver, Colorado, United States

website

Category Company
Founded 2002
Sector Medical Products
DESCRIPTION

TranS1, Inc. is a medical device company focused on designing, developing and marketing products to treat degenerative conditions of the spine affecting the lumbar region.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Three Arch Partners

San Mateo, California, United States

website

Category Private Equity Firm
Founded 1993
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Three Arch Partners is an investor in healthcare companies, including medical devices, diagnostics, and healthcare services. Three Arch primarily invests in early stage companies, however the Firm will consider select later stage investments. Three Arch typically invests alongside others and looks to commit $100k to $15 million per investment. Three Arch Partners was formed in 1993 and is based in San Mateo, California.

DEAL STATS #
Overall 16 of 24
Sector (Medical Products) 10 of 14
Type (Add-on Acquisition) 10 of 16
State (California) 13 of 17
Country (United States) 16 of 24
Year (2013) 3 of 3
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 Ingenuity Systems

Redwood City, California, United States

Ingenuity Systems, Inc. is a provider of biomedical information and analysis solutions for the exploration, interpretation and analysis of complex biological systems in life science research and molecular diagnostics.

Sell $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 iScience Interventional

Menlo Park, California, United States

Medical device company and developer of revolutionary microcatheter and breakthrough procedures for eye diseases, including glaucoma.

Sell -
Mergr

Product

Company

Legal