M&A Deal Summary

Altaris Acquires IntriCon

On February 28, 2022, private equity firm Altaris acquired medical products company IntriCon for 241M USD

Acquisition Highlights
  • This is Altaris’ 13th transaction in the Medical Products sector.
  • This is Altaris’ 5th largest (disclosed) transaction.
  • This is Altaris’ 32nd transaction in the United States.
  • This is Altaris’ 4th transaction in Minnesota.

M&A Deal Summary
Date 2022-02-28
Target IntriCon
Sector Medical Products
Buyer(s) Altaris
Deal Type Going Private
Deal Value 241M USD
Advisor(s) Piper Sandler & Co. (Financial)
Blank Rome (Legal)

Target

IntriCon

Arden Hills, Minnesota, United States
IntriCon is a manufacturer and distributor of miniature and micro-miniature body-worn devices for the health care industry. IntriCon was founded in 1930 and is based in Arden Hills, Minnesota.

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Buyer(S) 1

Buyer

Altaris

New York City, New York, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 34 of 36
Sector (Medical Products) 13 of 13
Type (Going Private) 2 of 3
State (Minnesota) 4 of 4
Country (United States) 32 of 34
Year (2022) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Veranova

Wayne, Pennsylvania, United States

Veranova is a developer and manufacturer of specialist and complex active pharmaceutical ingredients for pharma and biotech companies. Veranova was founded in 1970 and is based in Wayne, Pennsylvania.

Buy £325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-21 Sharecare

Atlanta, Georgia, United States

Sharecare is a digital health company that helps people consolidate and manage various components of their health in one place, regardless of where they are on their health journey. Sharecare provides the messaging, motivation, management, and measurement tools to help individuals, workforces, and communities optimize their comprehensive well-being. Sharecare was founded in 2010 and is based in Atlanta, Georgia.

Buy -
Mergr

Product

Company

Legal