Investment Summary

Boston Millennia Partners and St. Jude Medical Invest In CardioMEMS

On September 7, 2010, growth capital firm Boston Millennia Partners and St. Jude Medical invested in medical products company CardioMEMS

Investment Highlights
  • This is Boston Millennia Partners’ 2nd and St. Jude Medical’s 12th transaction in the Medical Products sector.
  • This is Boston Millennia Partners’ 8th and St. Jude Medical’s 10th transaction in the United States.
  • This is Boston Millennia Partners’ 1st and St. Jude Medical’s 1st transaction in Georgia.

Investment Summary

Date 2010-09-07
Target CardioMEMS
Sector Medical Products
Investor(s) Boston Millennia Partners
St. Jude Medical
Deal Type Stake Purchase
Advisor(s) J.P. Morgan Securities (Financial)
Cooley (Legal)

Target

CardioMEMS

Atlanta, Georgia, United States
CardioMEMS is a provider of medical devices focused on the application of MicroElectroMechanical Systems (MEMS) technology to create innovative, implantable devices for the diagnosis and management of chronic diseases. The Company markets the EndoSure Wireless Sensor for monitoring aortic aneurysms and is developing a similar implantable device for monitoring congestive heart failure. CardioMEMS was founded in 2000 and is based in Atlanta, Georgia.

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Investor(S) 2

Investor
DESCRIPTION

Boston Millenia Partners is a growth capital investment firm focused rapidly growing business services and healthcare companies. The Firm generally looks to invest $3 to $10 million in companies at or near profitability with $3 to $30 million in sales. Boston Millenia's geographic preference is for opportunities in the Eastern half of the US. Boston Millenia Partners was formed in 1984 and has a single office in Boston.


DEAL STATS #
Overall 8 of 16
Sector (Medical Products) 2 of 2
Type (Stake Purchase) 1 of 1
State (Georgia) 1 of 1
Country (United States) 8 of 15
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-14 Galt Associates

Seattle, Washington, United States

Galt Associates, Inc. is a provider of safety and risk management solutions for pharmaceutical, medical device and biotechnology companies. Galt Associates was founded in 1994 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Histogenics

Waltham, Massachusetts, United States

Histogenics is a regenerative medicine company that combines cell therapy and tissue engineering technologies to develop highly innovative products for tissue repair and regeneration. Histogenics was founded in 2000 and is based in Waltham, Massachusetts.

Sell -
Investor

St. Jude Medical

Saint Paul, Minnesota, United States

Category Company
Founded 1976
Sector Medical Products
Employees18,000
Revenue 5.5B USD (2016)
DESCRIPTION
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.

St. Jude Medical, Inc. is a medical device manufacturer dedicated to transforming the treatment of most expensive, epidemic diseases. St. Jude Medical five major areas of focus that include heart failure, atrial fibrillation, neuromodulation, traditional cardiac rhythm management and cardiovascular. St. Jude Medical was formed in 1976 and is based in St. Paul, Minnesota.


DEAL STATS #
Overall 12 of 18
Sector (Medical Products) 12 of 17
Type (Stake Purchase) 1 of 1
State (Georgia) 1 of 1
Country (United States) 10 of 15
Year (2010) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-06 LightLab Imaging

Westford, Massachusetts, United States

LightLab Imaging, Inc., based in Westford MA, is the world’s leading manufacturer and marketer of Optical Coherence Tomography (OCT) for coronary imaging applications. LightLab’s OCT systems and imaging catheters are cleared for sale in 40 countries in Europe, Asia, the Middle East and North and South America.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-29 AGA Medical

Plymouth, Minnesota, United States

AGA Medical specializes in the development and manufacture of innovative medical devices for use in cardiovascular applications. AGA's patented AMPLATZER® line of devices offers new alternatives to open-heart surgery for treatment of various congenital heart diseases. AGA Medical was formed in 1995 and is based in Plymouth, Minnesota.

Buy $1.3B