M&A Deal Summary

Ethicon Endo-Surgery Acquires NeuWave Medical

On March 7, 2016, Ethicon Endo-Surgery acquired medical products company NeuWave Medical from Advantage Capital Partners

Acquisition Highlights
  • This is Ethicon Endo-Surgery’s 4th transaction in the Medical Products sector.
  • This is Ethicon Endo-Surgery’s 5th transaction in the United States.
  • This is Ethicon Endo-Surgery’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2016-03-07
Target NeuWave Medical
Sector Medical Products
Buyer(s) Ethicon Endo-Surgery
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition

Target

NeuWave Medical

Madison, Wisconsin, United States
NeuWave Medical, Inc. is a medical device company that manufactures and markets minimally invasive soft tissue microwave ablation systems.

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Buyer(S) 1

Buyer

Ethicon Endo-Surgery

Cincinnati, Ohio, United States
Category Company
Sector Medical Products
DESCRIPTION

Ethicon Endo-Surgery (EES) has an endless supply on hand. A subsidiary of Johnson & Johnson, the company makes surgical devices and equipment for open surgeries and minimally invasive procedures in the areas of bariatrics, gastrointestinal health, gynecology, and surgical oncology.

DEAL STATS #
Overall 5 of 8
Sector (Medical Products) 4 of 7
Type (Add-on Acquisition) 5 of 8
State (Wisconsin) 1 of 1
Country (United States) 5 of 8
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-28 SterilMed

Maple Grove, Minnesota, United States

SterilMed, Inc. provides reprocessing, repair, and refurbishment of medical devices, equipment, and instruments. It repairs and sells medical equipment, including flexible endoscope systems, rigid endoscope systems, camera and video tower systems, power equipment, and surgical instrumentation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Megadyne Medical Products

Draper, Utah, United States

Megadyne Medical Products, Inc. is a privately held medical device company that develops, manufactures and markets electrosurgical tools used in operating rooms worldwide.

Buy -

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 68 of 97
Sector (Medical Products) 8 of 8
Type (Add-on Acquisition) 37 of 54
State (Wisconsin) 5 of 6
Country (United States) 68 of 97
Year (2016) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 DOmedia

Columbus, Ohio, United States

DOmedia is an independent technology company on a mission to change the way out-of-home media is bought and sold. Our cloud-based applications connect buyers and sellers to leverage marketplace effects, eliminate labor and improve reporting and analytics. DOmedia is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 City Carting Holding

Stamford, Connecticut, United States

City Carting Holding Co., Inc. is a provider of waste management and recycling services.

Sell -
Mergr

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