M&A Deal Summary

GBIL Acquires AutoLap

On July 10, 2019, GBIL acquired medical products company AutoLap from Asensus for 47M USD

Acquisition Highlights
  • This is GBIL’s 1st transaction in the Medical Products sector.
  • This is GBIL’s largest (disclosed) transaction.
  • This is GBIL’s 1st transaction in the United States.

M&A Deal Summary
Date 2019-07-10
Target AutoLap
Sector Medical Products
Buyer(s) GBIL
Sellers(s) Asensus
Deal Type Divestiture
Deal Value 47M USD

Target

AutoLap

United States
AutoLap is an image-based scope positioning system used for traditional laparoscopic procedures.

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Buyer(S) 1

Buyer

GBIL

Virgin Islands (British)
Category Company
Sector Medical Products
DESCRIPTION

GBIL is a BVI based company dedicated in investment and asset management in the healthcare industry. Their main business revenues are from investment in the Chinese medical sector.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Asensus

Durham, North Carolina, United States
Category Company
Founded 2006
Sector Medical Products
Employees207
Revenue 9M USD (2023)
DESCRIPTION

Asensus is a medical device company that is pioneering the use of robotics to improve minimally invasive surgery by addressing the clinical and economic challenges associated with current laparoscopic and robotic options. Asensus was founded in 2006 and is based in Durham, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-23 MST Medical Surgery Technologies

Yokneam, Israel

MST Medical Surgery Technologies Ltd. is a medical technology company focused on developing software-based image analytics platform powered by advanced visualization, scene recognition, artificial intelligence, machine learning and data analytics. MST was formed in 2005 and is based in Yokneam, Israel.

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