M&A Deal Summary

Banyan Capital Partners Acquires MIP

On September 3, 2013, private equity firm Banyan Capital Partners acquired medical products company MIP

Acquisition Highlights
  • This is Banyan Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Banyan Capital Partners’ 7th transaction in Canada.
  • This is Banyan Capital Partners’ 1st transaction in Quebec.

M&A Deal Summary
Date 2013-09-03
Target MIP
Sector Medical Products
Buyer(s) Banyan Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

MIP

Montreal, Quebec, Canada
MIP is a global manufacturer and distributor of high-performance textile and related products to hospitals and long-term care facilities throughout North America, Europe, the United Kingdom and South America. MIP was founded in 1977 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Banyan Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.

DEAL STATS #
Overall 11 of 15
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 5
State (Quebec) 1 of 1
Country (Canada) 7 of 11
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-29 Fios

Portland, Oregon, United States

Fios is an electronic evidence discovery company in the United States. It offers proprietary data collection, management, processing and review tools.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 Genoa Healthcare

Tukwila, Washington, United States

Genoa Healthcare LLC is a behavioral health specialty pharmacy company. Dedicated to serving the needs of those in the behavioral health and addiction treatment communities, and others who have complex, chronic health conditions, Genoa Healthcare is the largest provider of pharmacy, outpatient telepsychiatry and medication management services

Sell -
Mergr

Product

Company

Legal