M&A Deal Summary

Enovis Acquires Limacorporate

On September 25, 2023, Enovis acquired medical products company Limacorporate from EQT for 800M EUR

Acquisition Highlights
  • This is Enovis’ 4th transaction in the Medical Products sector.
  • This is Enovis’ 4th largest (disclosed) transaction.
  • This is Enovis’ 1st transaction in Italy.

M&A Deal Summary

Date 2023-09-25
Target Limacorporate
Sector Medical Products
Buyer(s) Enovis
Sellers(s) EQT
Deal Type Add-on Acquisition
Deal Value 800M EUR

Target

Limacorporate

Udine , Italy
Limacorporate is a global medical device company providing reconstructive orthopedic solutions to surgeons who face the challenges of improving the quality of life of their patients. Lima Corporate’s product range includes large joint revision and primary implants and complete extremities solutions including fixation. Limacorporate was founded in 1945 and is based in Udine, Italy.

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Buyer(S) 1

Buyer

Enovis

Wilmington, Delaware, United States

Category Company
Founded 1995
Sector Manufacturing
Employees6,550
Revenue 1.7B USD (2023)
DESCRIPTION

Enovis is a diversified manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Enovis Fluid Handling and ESAB brands. Enovis was incorporated in 1995 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 11 of 11
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 8 of 8
Country (Italy) 1 of 1
Year (2023) 3 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 DNE SEAL

Boca Raton, Florida, United States

DNE SEAL is specializes in foot & ankle external fixation. Their systems have been used to treat deformities and fractures and perform fusions. DNE SEAL is based in Boca Raton, Florida.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 178 of 187
Sector (Medical Products) 11 of 12
Type (Add-on Acquisition) 71 of 73
Country (Italy) 2 of 2
Year (2023) 9 of 9
Size (of disclosed) 21 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Dataflow Group

Dubai, United Arab Emirates

Dataflow Group helps clients to conduct primary source verification (PSV) on credentials of highly skilled professionals, for example, doctors, nurses, or engineers, as part of mandatory immigration and credentialing programs, and processes hundreds of thousands of immigration compliance screening and verification service transactions for professionals each year on behalf of the government, quasigovernment, regulatory and large multinational organizations worldwide. Dataflow Group was founded in 2006 and is based in Dubai, United Arab Emirates.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 VetPartners Australia

Macquarie Park, Australia

VetPartners Australia is a provider of veterinary services ranges from basic preventative healthcare advice and services, through to higher acuity complex surgery. VetPartners Australia was founded in 2016 and is based in Macquarie Park, Australia.

Buy -