M&A Deal Summary

InnovaDerma Acquires Ergon Medical

On May 2, 2017, InnovaDerma acquired medical products company Ergon Medical for 1M GBP

Acquisition Highlights
  • This is InnovaDerma’s 1st transaction in the Medical Products sector.
  • This is InnovaDerma’s largest (disclosed) transaction.
  • This is InnovaDerma’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-05-02
Target Ergon Medical
Sector Medical Products
Buyer(s) InnovaDerma
Deal Type Add-on Acquisition
Deal Value 1M GBP

Target

Ergon Medical

East Sussex, United Kingdom
Ergon Medical Ltd. the owner of the intellectual property rights of ProlongTM, the world's only medical device cleared by the U.S. Food & Drug Administration ("FDA") for premature ejaculation. Prolong is a Class II vibrating medical device as classified by the FDA and used as part of a climax control programme for males who suffer from premature ejaculation. It is designed to increase the time between arousal and ejaculation through the use of the training sessions using the stimulating vibratory effects of the device on the penis as part of the "Start-Stop" technique. Prolong offers an affordable, pain-free, one-off, or long-term treatment option with no side effects.

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Buyer(S) 1

Buyer

InnovaDerma

London, United Kingdom

Category Company
Founded 2014
Sector Consumer Products
Employees38
Revenue 10M GBP (2021)
DESCRIPTION

InnovaDerma specializes in research, manufacture and marketing of clinically proven products in life sciences, beauty and personal care products. InnovaDerma was founded in 2014 and is based in London, the United Kingdom.


DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (United Kingdom) 1 of 1
Year (2017) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Charles & Lee Pty

Australia

Charles + Lee is an affordable alternative premium range of men's skincare, marketed as an effective and understated brand, containing natural and organic ingredients. It is cruelty free and has been certified by the Roundtable on Sustainable Palm Oil Association. The products are Australian made, currently sold online at the brand's own website and online at Urban Outfitters in Australia, New Zealand, the US, and Canada

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