M&A Deal Summary

Covidien Acquires Paragon Trade Brands

On December 3, 2001, Covidien acquired consumer products company Paragon Trade Brands from Wellspring Capital Management for 650M USD

Acquisition Highlights
  • This is Covidien’s 1st transaction in the Consumer Products sector.
  • This is Covidien’s 3rd largest (disclosed) transaction.
  • This is Covidien’s 1st transaction in the United States.
  • This is Covidien’s 1st transaction in Georgia.

M&A Deal Summary
Date 2001-12-03
Target Paragon Trade Brands
Sector Consumer Products
Buyer(s) Covidien
Sellers(s) Wellspring Capital Management
Deal Type Add-on Acquisition
Deal Value 650M USD

Target

Paragon Trade Brands

Norcross, Georgia, United States
Paragon Trade Brands, Inc.manufacturer of private label infant disposable diapers in the United States and Canada. Paragon manufactures a line of premium and economy diapers and training pants which are distributed through leading mass merchandisers, grocery stores, warehouse clubs and drugstores. Paragon also established international joint ventures in Mexico, Argentina, Brazil and China for the manufacture and sale of infant disposable diapers and other absorbent personal care products.

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Buyer(S) 1

Buyer

Covidien

Dublin, Ireland
Category Company
Sector Medical Products
Employees38,500
Revenue 10.2B USD (2013)
DESCRIPTION
Covidien office in Plymouth, Minnesota.
Covidien office in Plymouth, Minnesota.

Covidien plc is a global healthcare technology and medical supplies provider. Covidien was formed as a spin-off from Tyco in 2007 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 21
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 17
State (Georgia) 1 of 1
Country (United States) 1 of 16
Year (2001) 1 of 1
Size (of disclosed) 3 of 14
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-20 Floreane Medical Implants SA

Trevoux, France

Floreane,offer the largest and most innovative range of mesh implants of any company in this field, and have developed products for soft tissue repair including hernia repair, pelvic floor reconstruction, incontinence, urinary, adhesion prevention and obesity surgery. Floreane's technology has been used in successful clinical applications for more than 10 years, helping improve patient outcomes around the world.

Buy $123M

Seller(S) 1

SELLER

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 1 of 37
Sector (Consumer Products) 1 of 4
Type (Add-on Acquisition) 1 of 12
State (Georgia) 1 of 2
Country (United States) 1 of 33
Year (2001) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-11 American Coin Merchandising

Louisville, Colorado, United States

American Coin Merchandising, Inc. is the largest owner, operator and franchisor of coin-operated amusement vending equipment in the U.S. The amusement vending machines operated by ACMI are principally skill-cranes, which dispense stuffed animals, plush toys, watches, jewelry and candy.

Buy $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Vistar

Centennial, Colorado, United States

Vistar Corp. (formerly known as Multifoods Distribution Group, Inc.), is one of the largest distributors of food and other products to the foodservice and vending industries in the United States.

Buy -
Mergr

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