M&A Deal Summary

Caldera Medical Acquires NovaTract

On January 1, 2016, Caldera Medical acquired medical products company NovaTract from Advantage Capital Partners and Ironwood Capital

Acquisition Highlights
  • This is Caldera Medical’s 1st transaction in the Medical Products sector.
  • This is Caldera Medical’s 1st transaction in the United States.
  • This is Caldera Medical’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-01-01
Target NovaTract
Sector Medical Products
Buyer(s) Caldera Medical
Sellers(s) Advantage Capital Partners
Ironwood Capital
Deal Type Add-on Acquisition

Target

NovaTract

New Haven, Connecticut, United States
NovaTract is a developer of a specialized, next-generation surgical tool, based upon technology licensed from Yale University.

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Buyer(S) 1

Buyer

Caldera Medical

Westlake Village, California, United States
Category Company
Founded 2002
Sector Medical Products
DESCRIPTION

Caldera Medical is a medical device company solely focused on women’s health. Caldera Medical develop, build and market best in class surgical products for the treatment of Stress Urinary Incontinence and Pelvic Organ Prolapse. Caldera Medical was founded in 2002 and is based in Westlake Village, California.

DEAL STATS #
Overall 1 of 3
Sector (Medical Products) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Atlantic Therapeutics

Galway, Ireland

Atlantic Therapeutics is a developer of professional and consumer medical devices, related software and connected health technologies. Atlantic Therapeutics with its product INNOVO focuses on the treatment of incontinence, sexual health dysfunctions and other associated disorders by strengthening the muscles and modulating the nerves of the pelvic floor. Atlantic Therapeutics was founded in 2017 and is based in Galway, Ireland.

Buy -

Seller(S) 2

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 65 of 97
Sector (Medical Products) 7 of 8
Type (Add-on Acquisition) 34 of 54
State (Connecticut) 4 of 9
Country (United States) 65 of 97
Year (2016) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 E-Z Pack

Cynthiana, Kentucky, United States

E-Z Pack is a manufacturer of refuse truck bodies and OEM garbage truck parts. E-Z Pack was founded in 1905 and is based in Cynthiana, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 American GreenFuels

New Haven, Connecticut, United States

American GreenFuels is a producer of high-quality biodiesel in the Northeast US to meet the growing regional demand for biodiesel in home heating and transportation fuels, to provide energy, and promote environmental responsibility. American GreenFuels was founded in 2004 and is based in New Haven, Connecticut.

Sell -
SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.

DEAL STATS #
Overall 19 of 53
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 14 of 32
State (Connecticut) 8 of 15
Country (United States) 19 of 53
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 The Roberts Company

Winterville, North Carolina, United States

The Roberts Company, Inc. is an industrial construction, fabricator, and plant maintenance contractor. TRC's field services division specializes in providing plant maintenance, plant retrofits and expansion services largely in the Mid-Atlantic region, while its fabrication division manufactures ASME code pressure vessels, heat exchangers, reactors, columns, conveyors, skids/ducts/piping, high purity equipment and storage tanks for customers in the United States and abroad.

Sell $500K
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 American GreenFuels

New Haven, Connecticut, United States

American GreenFuels is a producer of high-quality biodiesel in the Northeast US to meet the growing regional demand for biodiesel in home heating and transportation fuels, to provide energy, and promote environmental responsibility. American GreenFuels was founded in 2004 and is based in New Haven, Connecticut.

Sell -
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