M&A Deal Summary

Apax Acquires Candela

On April 3, 2017, private equity firm Apax acquired medical products company Candela for 397M USD

Acquisition Highlights
  • This is Apax’s 9th transaction in the Medical Products sector.
  • This is Apax’s 43rd largest (disclosed) transaction.
  • This is Apax’s 70th transaction in the United States.
  • This is Apax’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2017-04-03
Target Candela
Sector Medical Products
Buyer(s) Apax
Deal Type Going Private
Deal Value 397M USD
Advisor(s) Barclays Investment Bank (Financial)
Gross & Co.
Morrison & Foerster (Legal)

Target

Candela

Marlborough, Massachusetts, United States
Candela is a US-based global medical aesthetic device company. The company's technologies enable physicians to provide advanced energy-based solutions for a broad range of medical-aesthetic applications including benign vascular and pigmented lesions, scars, hair removal, facial resurfacing, wrinkle reduction, women's health treatments, tattoo removal, acne, leg veins, cellulite, and body shaping. Candela was formed in 1970 and is based in Marlborough, Massachusetts.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 184 of 262
Sector (Medical Products) 9 of 10
Type (Going Private) 18 of 22
State (Massachusetts) 4 of 5
Country (United States) 70 of 105
Year (2017) 4 of 15
Size (of disclosed) 43 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-30 Guotai Junan Securities

Shanghai, China

Guotai Junan Securities is a securities firm with an extensive network of businesses providing clients with specialized investment and financing services. Guotai Junan Securities was founded in 1992 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 rue21

Warrendale, Pennsylvania, United States

rue21 is a specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 is based in Warrendale, Pennsylvania.

Sell -
Mergr

Product

Company

Legal