M&A Deal Summary

Biomet Acquires Implant Innovations

On August 31, 1999, Biomet acquired medical products company Implant Innovations from Advent International for 175M USD

Acquisition Highlights
  • This is Biomet’s 1st transaction in the Medical Products sector.
  • This is Biomet’s 2nd largest (disclosed) transaction.
  • This is Biomet’s 1st transaction in the United States.
  • This is Biomet’s 1st transaction in Florida.

M&A Deal Summary

Date 1999-08-31
Target Implant Innovations
Sector Medical Products
Buyer(s) Biomet
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 175M USD

Target

Implant Innovations

Palm Beach Gardens, Florida, United States
Implant Innovations, Inc. is a manufacturer of dental implants in the United States.

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Buyer(S) 1

Buyer

Biomet

Warsaw, Indiana, United States

Category Company
Founded 1977
Sector Medical Products
Employees7,500
Revenue 2.7B USD (2013)
DESCRIPTION

Biomet, Inc. is a designs and manufactures orthopedic medical devices and other products used primarily by surgeons and medical specialists, with distribution in over 70 countries and a product portfolio that encompasses orthopedic joint replacement products, dental reconstructive implants, fixation devices, spinal products and other applications.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (1999) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-18 Interpore Spine

Irvine, California, United States

nterpore Spine, Ltd. engages in the manufacturing of healthcare products for orthopedic surgeons.

Buy $280M

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 19 of 222
Sector (Medical Products) 4 of 5
Type (Add-on Acquisition) 9 of 82
State (Florida) 1 of 8
Country (United States) 10 of 79
Year (1999) 10 of 14
Size (of disclosed) 40 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-20 Lionbridge AI

Waltham, Massachusetts, United States

Lionbridge Technologies is a provider of translation, development and testing solutions that enable clients to create, release, manage and maintain their technology applications and Web content globally. Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Lionbridge Technologies was founded in 1996 and is based in Waltham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Alcala Farma SL

Correos, Spain

Alcala Farma SL is a manufacturer and marketer of own and in-licensed pharmaceuticals, branded generics and OTC products.

Buy -