M&A Deal Summary

Axelliance Groupe Acquires AxioMed Spine

On March 24, 2015, Axelliance Groupe acquired medical products company AxioMed Spine from Charter Oak Equity and Primus Capital

Acquisition Highlights
  • This is Axelliance Groupe’s 1st transaction in the Medical Products sector.
  • This is Axelliance Groupe’s 1st transaction in the United States.
  • This is Axelliance Groupe’s 1st transaction in Ohio.

M&A Deal Summary
Date 2015-03-24
Target AxioMed Spine
Sector Medical Products
Buyer(s) Axelliance Groupe
Sellers(s) Charter Oak Equity
Primus Capital
Deal Type Add-on Acquisition

Target

AxioMed Spine

Garfield Heights, Ohio, United States
AxioMed Spine Corporation to develop products with a goal of restoring spinal function to patients with degenerative spine disease; thus advancing the standard of care beyond fusion and first generation artificial discs.

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Buyer(S) 1

Buyer

Axelliance Groupe

Lyon, France
Category Company
Founded 2005
Sector Insurance
DESCRIPTION

Axelliance Groupe is a designer and manager of insurance products on behalf of major insurance groups and markets them as a wholesaler towards SMEs and mid-cap companies via a network of brokers. Axelliance Groupe was founded in 2005 and is based in Lyon, France.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 2

SELLER

Charter Oak Equity

Westport, Connecticut, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Charter Oak Equity is a private equity group focused on control investments in lower middle-market companies valued between $25 and $150 million. The Firm looks for businesses operating large markets with significant room for growth. Target sectors include niche manufacturing, packaging, medical products, specialty chemicals, consumer products, and financial services. Charter Oak generally targets family-owned companies or non-core divisions of larger companies. Charter Oak Private Equity was formed in 1992 and is based in Westport, Connecticut.

DEAL STATS #
Overall 19 of 27
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 4 of 8
State (Ohio) 3 of 3
Country (United States) 19 of 27
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 Seaboard Box

Westminster, Massachusetts, United States

Seaboard Box is the premier provider of folding cartons in the northeastern United States serving customers desiring quality production and highly responsive customer service. Seaboard Box is based in Westminster, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Smartcare

Las Vegas, Nevada, United States

Smartcare is a provider of cloud-based software and training for effective childcare center management and financial sustainability. Smartcare was founded in 2014 and is based in Las Vegas, Nevada.

Buy -
SELLER

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 24 of 46
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 14 of 28
State (Ohio) 4 of 6
Country (United States) 23 of 45
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 SkillSurvey

Berwyn, Pennsylvania, United States

SkillSurvey provides cloud-based solutions to help human capital management professionals manage critical points in the talent lifecycle using data and insight to more effectively recruit, hire and manage employees to drive business results. SkillSurvey was founded in 2001 and is based in Berwyn, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 Forte Research Systems

Madison, Wisconsin, United States

Forte Research Systems, Inc. provides software and services in the critical areas of clinical trial management, clinical data management, and research administration for cancer centers, academic medical centers, and health systems. With a strong belief in community, collaboration, and standards-based development, Forte also facilitates the Onsemble Community, a customer-exclusive group for peer networking, best practices, and support. Twice a year at the Onsemble Conference, clinical research professionals meet in person and discuss the latest challenges and solutions in clinical research. Forte provides all research professionals complimentary blog articles, eBooks, webinars, and more to support continuous learning on industry topics.

Buy -
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