M&A Deal Summary

Gyrus Capital and Headway Capital Partners Acquire Corcym

On December 3, 2020, private equity firms Gyrus Capital and Headway Capital Partners acquired medical products company Corcym from LivaNova

Acquisition Highlights
  • This is Gyrus Capital’s 1st and Headway Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Gyrus Capital’s 2nd and Headway Capital Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-12-03
Target Corcym
Sector Medical Products
Buyer(s) Gyrus Capital
Headway Capital Partners
Sellers(s) LivaNova
Deal Type Divestiture
Advisor(s) Eversheds LLP (Legal)

Target

Corcym

London, United Kingdom
Corcym is a comprehensive portfolio of products, including Perceval, a unique sutureless aortic valve, along with tissue and mechanical valves to fit the differing needs of cardiac surgeons and patients worldwide. Corcym is based in London, United Kingdom.

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Buyer(S) 2

DESCRIPTION

Gyrus Capital is a private equity firm focused on investments in established small and medium-sized businesses across Europe and North America. The Firm seeks to partner with management teams in companies operating in the healthcare, wellness, and sustainability oriented sectors. The Firm will support a variety of transaction situations, including buyouts, growth capital financings, divestitures, and consolidations. Specific industries of interest include pharmaceuticals, medical devices, food and nutrition, sanitation, renewable materials, and environmental services. Gyrus Capital was founded in 2018 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 3 of 9
Sector: Medical Products M&A 1 of 2
Type: Divestiture M&A Deals 1 of 3
Country: United Kingdom M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Essential Pharma

Egham, United Kingdom

Essential Pharma is a specialty generic pharma business focussed on CNS and other niche pharmaceutical products. Essential addresses the problem of drug shortages by ensuring the continued supply of low volume and legacy drugs with high clinical importance which are at risk of discontinuation and stockouts. Essential Pharma was established in 2011 and is based in Egham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 Intellera Consulting

Milan, Italy

Intellera Consulting is an Italian consultancy firm operating in the public administration and healthcare sectors. Intellera Consulting was formed in 2021 and is based in Milan.

Buy -
DESCRIPTION

Headway Capital Partners is an investment firm that looks to partner with independent sponsors on a deal?by?deal basis. The Firm invests in the lower middle?market across Europe and North America and looks to commit €15 to €50 million per transaction. Headway Capital Partners was founded in 2004 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 5 of 14
Sector: Medical Products M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-16 Castaldi Lighting

Cassano Magnago, Italy

Castaldi Lighting is a provider of lighting equipment with a particular focus on Office Buildings, public areas etc. and specialized applications (e.g. clean rooms for pharmaceutical production, hospital systems etc.). Their products are installed throughout the world in the most exclusive and sophisticated sites: in Abu Dhabi at the Ferrari World Park, in the Sky Tower Shams and at the Cleveland Clinic, at Westminster University in London, in Zaha Hadid's City Life residences in Milan, at the Italian Space Agency in Rome, at the Atelier Renault Champs-Elysées in Paris and in many other contemporary architectural sites.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Garlock Flexibles

Gardner, Massachusetts, United States

Garlock Flexibles is a full-service flexible packaging converter that provides solutions for a wide variety of food, consumer and industrial applications. Garlock Flexibles was founded in 1987 and is based in Gardner, Massachusetts.

Buy -

Seller(S) 1

SELLER

LivaNova

London, United Kingdom

Category Company
Founded 1987
Sector Medical Products
Employees2,900
Revenue 1.3B USD (2024)
DESCRIPTION

LivaNova is a developer of cardiac surgery and neuromodulation products. LivaNova was founded in 1987 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 TandemLife

Pittsburgh, Pennsylvania, United States

CardiacAssist, Inc. is a medical device company develops FDA-cleared and CE-marked short-term extracorporeal circulatory support platform. CardiacAssist was founded in 1996 and is based in Pittsburgh, Pennsylvania.

Buy -