M&A Deal Summary

DJO Global Acquires Rikco International

On April 7, 2011, DJO Global acquired medical products company Rikco International from Merit Capital Partners for 255M USD

Acquisition Highlights
  • This is DJO Global’s 5th transaction in the Medical Products sector.
  • This is DJO Global’s 2nd largest (disclosed) transaction.
  • This is DJO Global’s 6th transaction in the United States.
  • This is DJO Global’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2011-04-07
Target Rikco International
Sector Medical Products
Buyer(s) DJO Global
Sellers(s) Merit Capital Partners
Deal Type Add-on Acquisition
Deal Value 255M USD
Advisor(s) BB&T Capital Markets (Financial)

Target

Rikco International

Mequon, Wisconsin, United States
Dr. Comfort, LLC is a provider of therapeutic shoes and custom inserts primarily to the niche diabetic footwear segment. Headquartered in Mequon, Wisconsin, the Company serves the 21 million diabetics in the United States, of which roughly 25% will develop diabetes related foot problems, through a nationwide network of podiatrists and drugstores.

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Buyer(S) 1

Buyer

DJO Global

Vista, California, United States
Category Company
Founded 1978
Sector Medical Products
Revenue 1.2B USD (2018)
DESCRIPTION

DJO Global, Inc. is a manufacturer of rehabilitation and regeneration products for the non-operative orthopedic and spine markets. DJO Global offers a range of products includes rigid knee braces and soft goods, cold therapy, vascular systems, and bone stimulation and regeneration products. DJO Global, Inc. was founded in 1978 and is based in Vista, California.

DEAL STATS #
Overall 6 of 10
Sector (Medical Products) 5 of 9
Type (Add-on Acquisition) 5 of 9
State (Wisconsin) 1 of 1
Country (United States) 6 of 10
Year (2011) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-05 Elastic Therapy

Asheboro, North Carolina, United States

Elastic Therapy, Inc. is a designer and manufacturer of private label medical compression therapy products used to treat and prevent a wide range of venous disorders. Products include anti-embolism stockings, sheer products, surgical weight stockings and a variety of compression socks, all across multiple compression levels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Exos

Arden Hills, Minnesota, United States

Exos is a medical device company focused on a revolutionary thermoformable external musculoskeletal stabilization system. Exos, based in Minnesota, has issued and pending U.S. patents for the application, materials and construction of its products and continues to add to its intellectual property portfolio. Exos offers a thermoformable bracing system, comprised of a waterproof, removable, adjustable and reformable solution for the treatment of fractures and other injuries requiring stabilization.

Buy -

Seller(S) 1

SELLER

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.

DEAL STATS #
Overall 18 of 52
Sector (Medical Products) 3 of 4
Type (Add-on Acquisition) 7 of 27
State (Wisconsin) 2 of 6
Country (United States) 18 of 51
Year (2011) 1 of 6
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 WeCare Operations Holdings

Jordan, New York, United States

WeCare LLC is a waste-management company providing processing and transportation of non-hazardous residual organic waste and municipal solid waste throughout the Northeastern United States and New England. The company is comprised of two primary business units – WeCare Organics and WeCare Transportation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Knights Apparel

Spartanburg, South Carolina, United States

Knights Apparel, Inc. is a designer and supplier of licensed sports apparel. Knights is a licensee for colleges and universities, professional leagues, and professional teams, often under arrangements providing some level of exclusivity. Knights’ products include apparel across a number of categories, including t-shirts, fleeces and sweatshirts, and shorts for men, women, and infant/toddler consumers. Its products are sold to big box retailers, specialty sporting goods stores and bookstores.

Buy -
Mergr

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