M&A Deal Summary

Cynosure Acquires Ellman International

On September 8, 2014, Cynosure acquired medical products company Ellman International from Baird Capital for 13M USD

Acquisition Highlights
  • This is Cynosure’s 6th transaction in the Medical Products sector.
  • This is Cynosure’s 2nd largest (disclosed) transaction.
  • This is Cynosure’s 4th transaction in the United States.
  • This is Cynosure’s 1st transaction in New York.

M&A Deal Summary
Date 2014-09-08
Target Ellman International
Sector Medical Products
Buyer(s) Cynosure
Sellers(s) Baird Capital
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Ellman International

Oceanside, New York, United States
Ellman International is a privately-held manufacturer of surgical devices used to perform medical, dental and veterinary procedures in the United States, Europe and Asia.

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Buyer(S) 1

Buyer

Cynosure

Westford, Massachusetts, United States
Category Company
Founded 1991
Sector Medical Products
Employees857
Revenue 433M USD (2016)
DESCRIPTION

Cynosure is a developer and marketer of aesthetic treatment systems that are used by physicians and other practitioners to perform non-invasive and minimally invasive procedures to remove hair, treat vascular and pigmented lesions, rejuvenate the skin, liquefy and remove unwanted fat through laser lipolysis and temporarily reduce the appearance of cellulite. Cynosure was founded in 1991 and is based in Westford, Massachusetts.

DEAL STATS #
Overall 6 of 7
Sector (Medical Products) 6 of 6
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 4 of 5
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Palomar Medical Technologies

Burlington, Massachusetts, United States

Palomar designs, produces and sells the most advanced cosmetic lasers and intense pulsed light (IPL) systems to dramatically improve the appearance of women's and men's skin.

Buy $294M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 MyEllevate

Newport Beach, California, United States

MyEllevate is a provider of invasive facial rejuvenation solutions. MyEllevate was founded in 2019 and is based in Newport Beach, California.

Buy -

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 29 of 50
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 20 of 31
State (New York) 1 of 2
Country (United States) 29 of 44
Year (2014) 4 of 5
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Elevate Patient Financial Solutions

Spring, Texas, United States

Elevate Patient Financial Solutions is a provider of technology-enabled revenue cycle management services for hospitals, health systems, and healthcare providers. Elevate Patient Financial Solutions proprietary technology platform offers a unified suite of solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. For four decades, the company has been providing innovative solutions to the medical community and serving hundreds of millions of patients across numerous medical specialties. Elevate Patient Financial Solutions was founded in 1980 and is based in Spring, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Qualitor

Southfield, Michigan, United States

Qualitor is a supplier of branded aftermarket safety and wear products for the automotive aftermarket. Qualitor provides wiper blades and auto care accessories, as well as brake hardware and related components. Qualitor was founded in 1999 and is based in Southfield, Michigan.

Sell -
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