M&A Deal Summary

Cinven Acquires National Seating & Mobility

On October 4, 2019, private equity firm Cinven acquired medical products company National Seating & Mobility from Court Square Capital Partners

Acquisition Highlights
  • This is Cinven’s 5th transaction in the Medical Products sector.
  • This is Cinven’s 16th transaction in the United States.
  • This is Cinven’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2019-10-04
Target National Seating & Mobility
Sector Medical Products
Buyer(s) Cinven
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout

Target

National Seating & Mobility

Franklin, Tennessee, United States
National Seating & Mobility is a provider of complex rehabilitation seating, mobility, and positioning systems. NSM provides personalised solutions to individuals with mobility challenges by bringing together industry-leading expertise, uniquely engineered systems, and breakthrough technologies. National Seating & Mobility was founded in 1992 and is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 161 of 184
Sector (Medical Products) 5 of 5
Type (Secondary Buyout) 45 of 56
State (Tennessee) 1 of 1
Country (United States) 16 of 20
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Jaggaer

Durham, North Carolina, United States

Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 LGC Group

Teddington, United Kingdom

LGC Group is an international life science measurement and testing company. LGC provides a range of measurement products and services that underpin the safety, health, and security of the public, including reference materials and proficiency testing, genomics reagents and instrumentation, and expert sample analysis and interpretation. LGC Group was founded in 1842 and is based in Teddington, United Kingdom.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 43 of 56
Sector (Medical Products) 2 of 2
Type (Secondary Buyout) 11 of 18
State (Tennessee) 2 of 3
Country (United States) 40 of 53
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 J. Knipper

Lakewood, New Jersey, United States

J. Knipper provides healthcare marketing solutions to the pharmaceutical, biotech, life sciences and medical device industries in the United States. The Company offers sample fulfillment & distribution, direct marketing, data services, sample compliance and third-party logistics solutions and serves over 100 life sciences companies, including 18 of the top 20 U.S pharmaceutical companies. J. Knipper was founded in 1986 and is headquartered in Lakewood, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 Data Blue

Atlanta, Georgia, United States

Data Blue LLC delivers customized storage, backup and server virtualization and consolidated solutions to enterprise customers in North America. Data Blue was formed to redefine the Value Added Reseller space, offering both the customer and manufacturer something that’s a step above what is currently available in the marketplace. Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to the Enterprise, with specific emphasis on Fortune 1000 companies. By utilizing our vast cross-platform integration expertise and unparalleled product knowledge, we deliver solutions that are perfectly tailored to meet the unique needs of your environment.

Sell -
Mergr

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