M&A Deal Summary

FoxHollow Technologies Acquires Kerberos Proximal Solutions

On August 28, 2006, FoxHollow Technologies acquired medical products company Kerberos Proximal Solutions from Alta Partners and Three Arch Partners

Acquisition Highlights
  • This is FoxHollow Technologies’ 1st transaction in the Medical Products sector.
  • This is FoxHollow Technologies’ 1st transaction in the United States.
  • This is FoxHollow Technologies’ 1st transaction in California.

M&A Deal Summary

Date 2006-08-28
Target Kerberos Proximal Solutions
Sector Medical Products
Buyer(s) FoxHollow Technologies
Sellers(s) Alta Partners
Three Arch Partners
Deal Type Add-on Acquisition

Target

Kerberos Proximal Solutions

Cupertino, California, United States
Kerberos Proximal Solutions is a privately-held company focused on the development of innovative medical devices for the removal of thrombus, or blood clots, from occluded arteries.

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Buyer(S) 1

Buyer

FoxHollow Technologies

Redwood City, California, United States

Category Company
Founded 1996
Sector Medical Products
DESCRIPTION

FoxHollow Technologies, Inc. is a designer and manufacturer of medical devices primarily for the treatment of peripheral artery disease.


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: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 2

SELLER

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 27 of 85
Sector: Medical Products M&A 4 of 8
Type: Add-on Acquisition M&A Deals 19 of 45
State: California M&A 14 of 41
Country: United States M&A 25 of 75
Year: 2006 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-13 Aegerion Pharmaceuticals

Cambridge, Massachusetts, United States

Aegerion Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the development and commercialization of pharmaceutical products to treat cardiovascular and metabolic diseases. Aegerion Pharmaceuticals, Inc. was formed in 2005 and is headquartered in Cambridge, Massachusetts.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-07 ViroBay

Menlo Park, California, United States

Virobay is a semi-virtual company focused on novel treatments for hepatitis C, pain and auto-immune disease.

Buy -
SELLER

Three Arch Partners

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Three Arch Partners is an investor in healthcare companies, including medical devices, diagnostics, and healthcare services. Three Arch primarily invests in early stage companies, however the Firm will consider select later stage investments. Three Arch typically invests alongside others and looks to commit $100k to $15 million per investment. Three Arch Partners was formed in 1993 and is based in San Mateo, California.


DEAL STATS #
Overall 7 of 24
Sector: Medical Products M&A 5 of 14
Type: Add-on Acquisition M&A Deals 5 of 16
State: California M&A 5 of 17
Country: United States M&A 7 of 24
Year: 2006 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-15 LipoScience

Raleigh, North Carolina, United States

LipoScience is a diagnostic company focused on indentifying and quantifying metabolic markers associated with cardiovascular disease.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Nevro

Redwood City, California, United States

Nevro is a medical device company focused on providing innovative products that improve the quality of life of patients suffering from debilitating chronic pain. Nevro was founded in 2006 and is based in Redwood City, California.

Buy -