M&A Deal Summary

Corin Group Acquires Global Orthopaedic Technology Pty

On October 4, 2018, Corin Group acquired medical products company Global Orthopaedic Technology Pty from The Riverside Company

Acquisition Highlights
  • This is Corin Group’s 1st transaction in the Medical Products sector.
  • This is Corin Group’s 1st transaction in Australia.

M&A Deal Summary

Date 2018-10-04
Target Global Orthopaedic Technology Pty
Sector Medical Products
Buyer(s) Corin Group
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Global Orthopaedic Technology Pty

Baulkham Hills, Australia
Global Orthopaedic Technology Pty Ltd. is the largest Australian-owned orthopaedic implant designer and manufacturer. Our mission is to engage with Australia’s finest surgeons, developing new and innovative products and solutions that meet the needs of both the surgeons and their patients.

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Buyer(S) 1

Buyer

Corin Group

Cirencester, United Kingdom

Category Company
Founded 1985
Sector Medical Products
DESCRIPTION

Corin Group is an international orthopaedic company with a direct presence in a majority of the world’s orthopaedic markets. Corin’s vision is to revolutionize orthopaedics by gaining, understanding and sharing insight at every stage of the arthroplasty experience. The unique combination of shared knowledge and clinically-proven implants delivers better outcomes and maximises healthcare value for patients, surgeons and healthcare providers. Corin Group was founded in 1985 and is based in Cirencester, England.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Australia) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 OMNI Orthopaedics

Canton, Ohio, United States

OMNI Orthopaedics treats a full range of orthopedic problems and pioneer in robotic-assisted total knee replacement. Their OMNIBotics is an imageless total knee replacement solution which combines a robotic cutting guide with the world’s first robotic tool to measure ligament function. The system allows tailoring of the implant positioning to each individual patient, resulting in less patient pain and faster rehabilitation. OMNI Orthopaedics was formed in 1999 and is based in Canton, Ohio.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 141 of 191
Sector (Medical Products) 14 of 14
Type (Add-on Acquisition) 58 of 82
Country (Australia) 4 of 6
Year (2018) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Hiway Group

Auckland, New Zealand

Hiway Group provides solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. The Hiway Group Ltd. was founded in 1982 and is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-05 BeneSys

Troy, Michigan, United States

BeneSys is a provider of third-party administration (TPA) services for employee healthcare and pension benefit programs for Taft-Hartley multiemployer plans. BeneSys was founded in 1979 and is based in Troy, Michigan.

Sell -