Add-on Acquisition • Medical Products

Halma Acquires Riester Verwaltungs

On December 20, 2007, Halma acquired medical products company Riester Verwaltungs from Paragon Partners for 55M EUR

Acquisition Context
  • This is Halma’s 1st transaction in the Medical Products sector.
  • This is Halma’s 4th largest (disclosed) transaction.
  • This is Halma’s 2nd transaction in Germany.

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M&A Deal Summary

Date December 20, 2007
Target Riester Verwaltungs
Sector Medical Products
Buyer(s) Halma
Sellers(s) Paragon Partners
Deal Type Add-on Acquisition
Deal Value 55M EUR

Target Company

Riester Verwaltungs

Germany
Riester is one of the leading manufacturers of medical diagnostic devices for general practitioner and ENT specialist use. The array of products includes stethoscopes, blood-pressure gauges, othoscopes and ophthalmoscopes in addition to many other devices.
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Buyer Overview 1

Buyer

Halma

Amersham, United Kingdom

Category Company
Founded 1894
Sector Safety/Security
Employees9,000
Revenue 2.2B GBP (2025)
DESCRIPTION

Halma is a group of technology companies that makes products for hazard detection and life protection. Halma was founded in 1894 and is based in Amersham, United Kingdom.


Deal Context for Buyer #
Overall 25 of 57
Sector: Medical Products 1 of 11
Type: Add-on Acquisition 23 of 52
Country: Germany 2 of 4
Year: 2007 2 of 2
Size (of disclosed) 4 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 Labsphere

North Sutton, New Hampshire, United States

Labsphere, Inc. is a designer and manufacturer of innovative light testing and measurement products and specialised optical coatings. These high quality devices and materials are used by a wide range of end users, including government and commercial organisations for testing, measuring and calibrating optoelectronic devices against widely accepted National Standards of performance, to conform with regulations or drive technical advances.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-08 Fiberguide Industries

Caldwell, Idaho, United States

Fiberguide Industries, Inc. is a designer and manufacturer of complex optical fibre cables and assemblies, predominantly custom-designed for OEMs. Fiberguide Industries was founded in 1977 and is based in Caldwell, Idaho.

Buy $15M

Seller Profile 1

SELLER

Paragon Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.


Deal Context for Seller #
Overall 4 of 26
Sector: Medical Products 1 of 1
Type: Add-on Acquisition 2 of 14
Country: Germany 4 of 21
Year: 2007 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-29 Kinshofer

Waakirchen, Germany

Kinshofer is a leading manufacturer of load handling equipment for excavators and for loading cranes mounted on trucks. Kinshofer attachments are used to improve the versatility and productivity of the core machinery. World-wide leading manufacturers of heavy machinery count among Kinshofer’s key customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-30 Metallwarenfabrik Gemmingen

Gemmingen, Germany

Metallwarenfabrik Gemmingen GmbH is an engineering firm with two divisions - Gensets, a niche manufacturer of power generators, and Motor Components, which produces customised die-castings and stampings for electric motors. Metallwarenfabrik Gemmingen was founded in 1961 and is based in Gemmingen, Germany.

Buy -