Investment Summary

3M Exits Solventum

On April 1, 2024, invested in diversified company Solventum from 3M

Investment Highlights
  • This is transaction in the Diversified sector.
  • This is transaction in the United States.
  • This is transaction in Minnesota.

Investment Summary

Date 2024-04-01
Target Solventum
Sector Diversified
Sellers(s) 3M
Deal Type Spin Off

Target

Solventum

Saint Paul, Minnesota, United States
Solventum is a healthcare solutions span across four business segments – medical surgical, dental solutions, health information systems and purification and filtration. Solventum was founded in 2023 and is based in Saint Paul, Minnesota.

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Seller(S) 1

SELLER

3M

St. Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 24.6B USD (2024)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company that produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


DEAL STATS #
Overall 20 of 20
Sector: Diversified M&A 1 of 1
Type: Spin Off M&A Deals 2 of 2
State: Minnesota M&A 12 of 12
Country: United States M&A 18 of 18
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 LeanTec

Franklin, Tennessee, United States

LeanTec is an enterprise inventory management solution that has been designed for the Collision Repair Industry. From hardware to software LeanTec will provide you with the tools and information to improve your material margins in real-time. LeanTec was founded in 2013 and is based in Franklin, Tennessee.

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