M&A Deal Summary

Fenner Group Holdings Acquires Charter Medical

On February 2, 2015, Fenner Group Holdings acquired medical products company Charter Medical from Lydall for 30M USD

Acquisition Highlights
  • This is Fenner Group Holdings’ 2nd transaction in the Medical Products sector.
  • This is Fenner Group Holdings’ largest (disclosed) transaction.
  • This is Fenner Group Holdings’ 4th transaction in the United States.
  • This is Fenner Group Holdings’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2015-02-02
Target Charter Medical
Sector Medical Products
Buyer(s) Fenner Group Holdings
Sellers(s) Lydall
Deal Type Divestiture
Deal Value 30M USD

Target

Charter Medical

Winston-Salem, North Carolina, United States
Charter Medical Ltd. manufactures specialty single-use assemblies and Class I and Class II medical devices for the collection, processing, storage and filtration of biological and bioprocessing fluids. Charter also produces bio-containers and fluid management sets that serve a range of life science applications including biopharmaceutical manufacturing, cell therapy and cryogenic storage. Charter is a single site company based in Winston-Salem, North Carolina.

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Buyer(S) 1

Buyer

Fenner Group Holdings

Hessle, United Kingdom
Category Company
Founded 1861
Sector Machinery
Revenue 729M GBP (2014)
DESCRIPTION

Fenner is a reinforced polymer technology company focused on providing conveyor belt solutions and reinforced polymer products for the mining and general industrial markets.

DEAL STATS #
Overall 7 of 8
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 4 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-26 Australian Conveyor Engineering Pty

Somersby, N, Australia

Australian Conveyor Engineering Pty Ltd. specialises in supplying engineered conveyor solutions for the design, manufacture and installation of high capacity conveyor systems for both surface and underground mining, with the capability to take projects from the initial concept to the commissioned conveyor system.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-02 Xeridiem Medical Devices

Tucson, Arizona, United States

Xeridiem Medical Devices, Inc. is a manufacturer of minimally-invasive catheters and other single-use medical devices. Xeridiem Medical Devices, Inc. was established in 1985 and is headquartered in Tucson, Arizona.

Sell $11M

Seller(S) 1

SELLER

Lydall

Manchester, Connecticut, United States
Category Company
Founded 1869
Sector Manufacturing
Employees3,500
Revenue 764M USD (2020)
DESCRIPTION

Lydall produces specialty engineered products for the thermal/acoustical and filtration/separation markets. Lydall was founded in 1869 and is based in Manchester, Connecticut.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-20 Andrew Webron Filtration

Stockton-On-Tees, United Kingdom

Andrew Filtration, which includes the highly regarded SOUTHERN FELT, ANDREW WEBRON and CHINA FELT COMPANY brands, is a manufacturer and supplier of non-woven filter media and filter bags for industrial pollution control.

Buy $83M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Texel

Saint-Elzéar-de-Beauce, Quebec, Canada

Texel, Inc. is a producer of non-woven needle punch materials serving the geosynthetic, liquid filtration, and other industrial segments.

Buy $96M
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