Divestiture • Medical Products

H.I.G. Private Equity Acquires Highridge Medical

On December 18, 2023, private equity firm H.I.G. Private Equity acquired medical products company Highridge Medical from ZimVie for 375M USD

Acquisition Context
  • This is H.I.G. Private Equity’s 7th transaction in the Medical Products sector.
  • This is H.I.G. Private Equity’s 10th largest (disclosed) transaction.
  • This is H.I.G. Private Equity’s 229th transaction in the United States.
  • This is H.I.G. Private Equity’s 6th transaction in Colorado.

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M&A Deal Summary

Date December 18, 2023
Target Highridge Medical
Sector Medical Products
Buyer(s) H.I.G. Private Equity
Sellers(s) ZimVie
Deal Type Divestiture
Deal Value 375M USD

Target Company

Highridge Medical

Westminster, Colorado, United States
Highridge Medical is a global spinal device market that develops, manufactures, and delivers a comprehensive portfolio of products and solutions designed to treat a wide range of spine pathologies.
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Buyer Overview 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


Deal Context for Buyer #
Overall 346 of 385
Sector: Medical Products 7 of 7
Type: Divestiture 42 of 48
State: Colorado 6 of 6
Country: United States 229 of 251
Year: 2023 15 of 16
Size (of disclosed) 10 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Risparmio Casa

Roma, Italy

Risparmio Casa is an Italian drugstore chain operates over 100 locations with an average area of more than 2,500 sqm, resulting in a dominant presence in Northern and Central Italy and Sardinia. Risparmio Casa is based in Roma, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Penhall

Irving, Texas, United States

Penhall is a national provider of concrete cutting, breaking and excavation and highway grinding services in the United States with the first or second market position in the majority of its served markets. Penhall has 37 branch locations in 17 states, over 800 skilled employees and an equipment fleet of 750 revenue producing units. Penhall provides a broad range of concrete- and asphalt-related services that generally are part of much larger construction projects in the non-residential building construction and infrastructure markets. Penhall was founded in 1957 and is based in Irving, Texas.

Buy -

Seller Profile 1

SELLER

ZimVie

Westminster, Colorado, United States

Category Company
Sector Healthcare Services
Revenue 450M USD (2024)
DESCRIPTION

ZimVie is a medical technology company, develops, manufactures, and markets a portfolio of products and solutions designed to treat various spine pathologies, and support dental tooth replacement and restoration procedures worldwide. ZimVie is based in Westminster, Colorado.


Deal Context for Seller #
Overall 1 of 1
Sector: Medical Products 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 1 of 1