M&A Deal Summary

DePuy Orthopaedics Acquires Hand Innovations

On January 19, 2006, DePuy Orthopaedics acquired medical products company Hand Innovations from Irving Place Capital

Acquisition Highlights
  • This is DePuy Orthopaedics’ 1st transaction in the Medical Products sector.
  • This is DePuy Orthopaedics’ 1st transaction in the United States.
  • This is DePuy Orthopaedics’ 1st transaction in Florida.

M&A Deal Summary

Date 2006-01-19
Target Hand Innovations
Sector Medical Products
Buyer(s) DePuy Orthopaedics
Sellers(s) Irving Place Capital
Deal Type Add-on Acquisition

Target

Hand Innovations

Miami, Florida, United States
Hand Innovations, LLC designs and markets proprietary surgical implant products for the orthopedics market that significantly improve medical outcomes for patients.

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Buyer(S) 1

Buyer

DePuy Orthopaedics

Warsaw, Indiana, United States

Category Company
Sector Medical Products
DESCRIPTION

DePuy Orthopaedics is a designer, manufacturer and distributor of orthopaedic devices and supplies including hip and knee replacements, trauma and extremities products, and operating room products.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


DEAL STATS #
Overall 10 of 39
Sector: Medical Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 17
State: Florida M&A 1 of 1
Country: United States M&A 9 of 32
Year: 2006 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-15 Transamerican Auto Parts

Compton, California, United States

Transamerican Auto Parts is a provider of parts and accessories for off-road vehicles. It offers products in various categories, including tires, wheels, steel products, lighting, winches, jeep accessories, truck accessories, and general accessories. Transamerican Auto Parts is based in Compton, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Aearo Technologies

Indianapolis, Indiana, United States

Aearo is a global leader in the hearing, eye, face, head and respiratory protection segments of the global personal protection equipment market. Aearo manufactures and sells hearing protection devices, communication headsets, prescription and non-prescription safety eyewear, face shields, reusable and disposable respirators, fall protection equipment, hard hats and first aid kits in more than 70 countries.

Sell €681M