M&A Deal Summary

HeartWare International Acquires CircuLite

On December 1, 2013, HeartWare International acquired medical products company CircuLite from Omnes Capital for 30M USD

Acquisition Highlights
  • This is HeartWare International’s 2nd transaction in the Medical Products sector.
  • This is HeartWare International’s largest (disclosed) transaction.
  • This is HeartWare International’s 2nd transaction in the United States.
  • This is HeartWare International’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2013-12-01
Target CircuLite
Sector Medical Products
Buyer(s) HeartWare International
Sellers(s) Omnes Capital
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

CircuLite

Teaneck, New Jersey, United States
CircuLite is a privately held, medical device company developing a unique superficially placed circulatory assist device for the treatment of chronic heart failure.

Search 201,839 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

HeartWare International

Framingham, Massachusetts, United States

Category Company
Sector Medical Products
Employees625
Revenue 262M USD (2016)
DESCRIPTION

HeartWare International, Inc. develops and manufactures miniaturized implantable heart pumps, or ventricular assist devices, to treat patients around the world suffering from advanced heart failure. Dedicated to developing new, minimally invasive technologies to revolutionize the treatment of patients with end-stage heart failure, HeartWare has multiple technologies in development to offer progressively less-invasive mechanical circulatory support options. HeartWare's corporate headquarters are located in Framingham, Massachusetts, and the company has technology, operations, manufacturing and distribution centers in Miami Lakes, Florida; Arden Hills, Minnesota; and Hannover, Germany.


DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-29 World Heart

Salt Lake City, Utah, United States

WorldHeart is a developer of mechanical circulatory support systems based in Salt Lake City, Utah.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Valtech Cardio

Yehuda, Israel

Valtech Cardio Ltd. is specializes in the development of innovative surgical and transcatheter valve repair and replacement devices for the treatment of the most prevalent heart valve diseases – mitral valve regurgitation (MR) and tricuspid valve regurgitation (TR).

Buy -

Seller(S) 1

SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 57 of 115
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 27 of 52
State (New Jersey) 1 of 1
Country (United States) 5 of 7
Year (2013) 8 of 9
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 Numericable-SFR

Paris, France

Numericable-SFR is the cable operator providing digital television, broadband and telephony services to the residential market ('B2C'). The company also serves the enterprise market ('B2B') in France, Belgium, and Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 Moncler

Milan , Italy

Moncler is a manufacturer of high-end sportswear products under the brands Moncler, Henry Cotton, Marina Yachting and Coast, Weber & Ahaus (CWA) and licensee of the second-line brand Cerruti. Moncler was founded in 1952 and is based in Milan, Italy.

Sell -