1. Home >
  2. M&A >
  3. Going Private >
  4. United States >
  5. New Jersey >
  6. H.I.G. Private Equity Acquires Matrixx Initiatives

M&A Deal Summary

H.I.G. Private Equity Acquires Matrixx Initiatives

On February 18, 2011, private equity firm H.I.G. Private Equity acquired medical products company Matrixx Initiatives for 75M USD

Acquisition Highlights
  • This is H.I.G. Private Equity’s 1st transaction in the Medical Products sector.
  • This is H.I.G. Private Equity’s 20th largest (disclosed) transaction.
  • This is H.I.G. Private Equity’s 87th transaction in the United States.
  • This is H.I.G. Private Equity’s 3rd transaction in New Jersey.
Investment Fate
  • Matrixx Initiatives was sold to a consortium of financial buyers in 2018.
  • Matrixx Initiatives was sold to a publicly-traded strategic buyer in 2020.

M&A Deal Summary
Date 2011-02-18
Target Matrixx Initiatives
Sector Medical Products
Buyer(s) H.I.G. Private Equity
Deal Type Going Private
Deal Value 75M USD
Advisor(s) CG Sawaya Partners (Financial)
Sullivan & Cromwell
Snell & Wilmer (Legal)

Target

Matrixx Initiatives

Bridgewater, New Jersey, United States
Matrixx Initiatives, Inc. manufactures and markets Zicam® brand OTC products, including its clinically proven ZICAM® Cold Remedy Nasal Spray and Swab, ZICAM® Cold Remedy RAPIDMELTS®, ZICAM® Cold Remedy Medicated Fruit Drops, ZICAM® Extreme Congestion Relief, and ZICAM® Intense Sinus Relief. Matrixx Initiatives is based in Bridgewater, New Jersey.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 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 STATS #
Overall 104 of 383
Sector: Medical Products M&A 1 of 7
Type: Going Private M&A Deals 5 of 11
State: New Jersey M&A 3 of 7
Country: United States M&A 87 of 249
Year: 2011 M&A 9 of 22
Size (of disclosed) 20 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-16 Fibercore

Chilworth, United Kingdom

Fibercore Ltd. is a provider of specialty optical fiber products to customers globally within the aerospace, defense and telecommunications industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-21 Safe-Guard

Atlanta, Georgia, United States

Safe-Guard is a provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine and motorcycle/Powersports industries. The company primarily works with automotive original equipment manufacturers (OEMs) and auto dealers to design and administer protection products sold at auto dealerships. Safe-Guard was founded in 1992 and is based in Atlanta, Georgia.

Sell -
Mergr

Solution for

Product

Company

Legal