M&A Deal Summary |
|
|---|---|
| Date | 2023-12-18 |
| Target | Highridge Medical |
| Sector | Medical Products |
| Buyer(s) | H.I.G. Private Equity |
| Sellers(s) | ZimVie |
| Deal Type | Divestiture |
| Deal Value | 375M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, 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 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.
| DEAL STATS | # |
|---|---|
| Overall | 346 of 370 |
| Sector (Medical Products) | 7 of 7 |
| Type (Divestiture) | 42 of 45 |
| State (Colorado) | 6 of 6 |
| Country (United States) | 229 of 246 |
| Year (2023) | 15 of 16 |
| Size (of disclosed) | 7 of 21 |
| 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 | - |
| 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 | - |
| Category | Company |
|---|---|
| Sector | Healthcare Services |
| Employees | 2,600 |
| Revenue | 457M USD (2023) |
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 STATS | # |
|---|---|
| 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 |
