M&A Deal Summary

Altaris Acquires Kindeva Drug Delivery

On December 12, 2019, private equity firm Altaris acquired life science company Kindeva Drug Delivery from 3M for 650M USD

Acquisition Highlights
  • This is Altaris’ 4th transaction in the Life Science sector.
  • This is Altaris’ 3rd largest (disclosed) transaction.
  • This is Altaris’ 28th transaction in the United States.
  • This is Altaris’ 4th transaction in Minnesota.

M&A Deal Summary

Date 2019-12-12
Target Kindeva Drug Delivery
Sector Life Science
Buyer(s) Altaris
Sellers(s) 3M
Deal Type Divestiture
Deal Value 650M USD

Target

Kindeva Drug Delivery

Woodbury, Minnesota, United States
Kindeva Drug Delivery engages in drug delivery that partners with pharmaceutical and biotech companies to develop and manufacture pharmaceutical products using its unique inhalation, transdermal, microneedle, or conventional drug delivery technologies. Kindeva Drug Delivery is based in Woodbury, Minnesota.

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Buyer(S) 1

Buyer

Altaris

New York City, New York, United States

Investor Investor Investor


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 30 of 39
Sector: Life Science M&A 4 of 9
Type: Divestiture M&A Deals 2 of 7
State: Minnesota M&A 4 of 6
Country: United States M&A 28 of 36
Year: 2019 M&A 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Community Pharmacy Partners

Dallas, Texas, United States

Community Pharmacy Partners operates pharmacies in Texas, Arizona, and Virginia that are focused on providing patients with safe and efficacious alternatives to prescription opioids for pain management. Community Pharmacy Partners was formed in 1981 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-16 Trean Insurance

Wayzata, Minnesota, United States

Trean Insurance provides products and services to the specialty insurance market. Trean underwrites specialty casualty insurance products both through its program partners and its own managing general agencies. Trean also provides its program partners with a variety of services including issuing carrier services, claims administration, and reinsurance brokerage. Trean Insurance was formed in 1996 and is based in Wayzata, Minnesota.

Sell -

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 19 of 20
Sector: Life Science M&A 3 of 3
Type: Divestiture M&A Deals 18 of 18
State: Minnesota M&A 11 of 12
Country: United States M&A 17 of 18
Year: 2019 M&A 4 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 3M Co. - Drive Thru Communications Systems Business

St Paul, Minnesota, United States

3M Co. - Drive Thru Communications Systems Business is a wireless communications solutions have modernized communication tasks in foodservice utilizing high-quality sound and speaker systems.

Sell -
FOLLOWING 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.

Buy -