M&A Deal Summary

Apposite Capital Acquires Summit Medical

On March 29, 2018, private equity firm Apposite Capital acquired medical products company Summit Medical from Riverside

Acquisition Highlights
  • This is Apposite Capital’s 1st transaction in the Medical Products sector.
  • This is Apposite Capital’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-03-29
Target Summit Medical
Sector Medical Products
Buyer(s) Apposite Capital
Sellers(s) Riverside
Deal Type Secondary Buyout

Target

Summit Medical

Gloucestershire, United Kingdom
Summit Medical is a supplier of single use medical devices to the global market. The company’s products focus on orthopedics and infection control and include cement mixing devices, autologous blood transfusion and wound drainage devices, disposable anti-bacterial hospital privacy curtains and specialist implants used in knee and hip replacements. Summit Medical was founded in 1984 and is based in Gloucestershire, United Kingdom.

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Buyer(S) 1

Buyer

Apposite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Focused
DESCRIPTION

Apposite Capital is a private investment firm focused on investing in growth companies in the healthcare sector. The Firm targets UK-based, revenue generating businesses and looks to invest £10 to £25 million over the life of an investment. Specific areas of interest include rehab services, primary and acute care companies, health related software solutions and IT, elderly and specialist healthcare services, medical products, and pharmaceuticals. Apposite Capital was established in 2006 and is based in London.


DEAL STATS #
Overall 9 of 19
Sector: Medical Products M&A 1 of 3
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 7 of 13
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Swanton Care & Community

Coventry, United Kingdom

Swanton Care & Community is a provider of residential and supported living care for adults with complex learning disabilities, mental health disorders and acquired brain injuries. Swanton Care & Community was established in 2006 and is headquartered in Coventry, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Riverdale Healthcare

Stokesley, United Kingdom

Riverdale Healthcare is a dentistry group providing NHS and private dentistry services led by industry major, dental sector management team. The team is selectively investing in ambitious dental practices that share the same ethos and core values of Riverdale Healthcare with the first investment into 10 clinic dental group. Riverdale Healthcare is based in Stokesley, United Kingdom.

Buy -

Seller(S) 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 133 of 207
Sector: Medical Products M&A 12 of 14
Type: Secondary Buyout M&A Deals 53 of 83
Country: United Kingdom M&A 3 of 5
Year: 2018 M&A 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Grace Hill

Irving, Texas, United States

Grace Hill develops online training courseware and administration solely for the property management industry. Grace Hill has helped people, teams, and companies in the multifamily industry improve performance and reduce risk. The company offers the highest-level performance-based online training courseware and administration with Vision, its industry-leading learning management system. Vision combines the latest in learning science and digital technologies, with white-glove customer service and support. Grace Hill was founded in 1998 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-01 Netwatch Group

Carlow, United Kingdom

Netwatch Group provides proactive commercial and residential video surveillance in Europe and North America, the Middle East and Africa. Netwatch Group is based in Carlow, United Kingdom.

Buy -