Going Private • Medical Products

Altus Capital Partners Acquires MGC Diagnostics

On November 27, 2017, private equity firm Altus Capital Partners acquired medical products company MGC Diagnostics for 50M USD

Acquisition Context
  • This is Altus Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Altus Capital Partners’ largest (disclosed) transaction.
  • This is Altus Capital Partners’ 17th transaction in the United States.
  • This is Altus Capital Partners’ 1st transaction in Minnesota.
Investment Fate
  • MGC Diagnostics was sold to a strategic buyer in 2022.

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M&A Deal Summary

Date November 27, 2017
Target MGC Diagnostics
Sector Medical Products
Buyer(s) Altus Capital Partners
Deal Type Going Private
Deal Value 50M USD
Advisor(s) Craig-Hallum (Financial)

Target Company

MGC Diagnostics

Saint Paul, Minnesota, United States
MGC Diagnostics designs, develops, manufactures, and markets non-invasive cardiorespiratory diagnostic systems, accessories, and consumables for the detection, classification, and management of cardiorespiratory disease. MGC Diagnostics was founded in 1977 and is based in Saint Paul, Minnesota.
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Buyer Overview 1

Buyer

Altus Capital Partners

Wilton, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, and divestitures. Alta Capital Partners was formed in 2003 and is based in Wilton, Connecticut.


Deal Context for Buyer #
Overall 17 of 23
Sector: Medical Products 1 of 2
Type: Going Private 1 of 1
State: Minnesota 1 of 1
Country: United States 17 of 23
Year: 2017 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-10 Gulf Coast Machine & Supply Co.

Beaumont, Texas, United States

Gulf Coast Machine & Supply Co. is a manufacturer of large forgings for use in the oil and gas, petrochemical, wind energy, and general industrial markets. Gulf Coast Machine & Supply was founded in 1919 and is based in Beaumont, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 ChoiceSpine

Knoxville, Tennessee, United States

ChoiceSpine is a designer, manufacturer, and marketer of specialized spinal implants, instrumentation, and biologics for the surgical treatment of complex spine disorders. ChoiceSpine was founded in 2006 and is based in Knoxville, Tennessee.

Buy -