Investment Summary

Ivy Capital Partners, Montreux Equity Partners and Adams Street Partners Exits Pivot Medical

On March 7, 2014, Stryker invested in medical products company Pivot Medical from Ivy Capital Partners, Montreux Equity Partners and Adams Street Partners

Investment Highlights
  • This is Stryker’s 8th transaction in the Medical Products sector.
  • This is Stryker’s 14th transaction in the United States.
  • This is Stryker’s 3rd transaction in California.

Investment Summary

Date 2014-03-07
Target Pivot Medical
Sector Medical Products
Investor(s) Stryker
Sellers(s) Ivy Capital Partners
Montreux Equity Partners
Adams Street Partners
Deal Type Add-on Acquisition

Target

Pivot Medical

Sunnyvale, California, United States
Pivot Medical, Inc. is a privately held company addressing a large unmet need in non-spine orthopedic areas. For strategic reasons the Company is yet not divulging specific information about their operations or the products they are developing.

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Investor(S) 1

Investor

Stryker

Portage, Michigan, United States

Category Company
Founded 1941
Sector Medical Products
Employees52,000
Revenue 22.6B USD (2024)
DESCRIPTION
Stryker's headquarters in Portage, Michigan.
Stryker's headquarters in Portage, Michigan.

Stryker is a medical technology company that offers innovative products and services in MedSurg, Neurotechnology and Orthopaedics including implants, surgical equipment, and surgical navigation systems, endoscopic and communications systems, patient handling and emergency medical equipment, neurosurgical, neurovascular and spinal devices. Stryker was founded in 1941 and is based in Portage, Michigan.


DEAL STATS #
Overall 17 of 49
Sector: Medical Products M&A 8 of 36
Type: Add-on Acquisition M&A Deals 13 of 43
State: California M&A 3 of 9
Country: United States M&A 14 of 34
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 Patient Safety Technologies

Irvine, California, United States

Patient Safety Technologies, Inc.through its wholly-owned operating subsidiary SurgiCount Medical, Inc., provides the Safety-Sponge System, a solution clinically proven to improve patient safety and reduce healthcare costs by helping eliminate retained surgical sponges.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 Berchtold

Tuttlingen, Germany

Berchtold is a provider of customer-centric healthcare equipment. Berchtold's product portfolio includes surgical tables, equipment booms, and surgical lighting systems geared towards maximizing efficiency and safety in operating rooms and ICUs.

Buy $172M

Seller(S) 3

SELLER

Ivy Capital Partners

Montvale, New Jersey, United States

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Ivy Capital Partners is a specialized private equity firm that seeks investments in companies that operate in the musculoeskeletal sector of the healthcare industry. Specific areas of interest within the musculoskeletal sector include sports medicine, joint implants, rehabilitation products and services, trauma, spine and therapeutics. The Firm will consider both mid to later stage investment situations. Ivy Capital Partners is a unit of investment firm Ivy Equities and is based in Montvale, New Jersey.


DEAL STATS #
Overall 9 of 12
Sector: Medical Products M&A 7 of 10
Type: Add-on Acquisition M&A Deals 6 of 9
State: California M&A 1 of 2
Country: United States M&A 8 of 9
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-08 Pivot Medical

Sunnyvale, California, United States

Pivot Medical, Inc. is a privately held company addressing a large unmet need in non-spine orthopedic areas. For strategic reasons the Company is yet not divulging specific information about their operations or the products they are developing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Stanmore Implants Worldwide

Stanmore, United Kingdom

Stanmore Implants Worldwide Ltd. is an orthopedic company focused on saving and restoring the function of limbs and joints. The Company provides patient-specific and standardized orthopedic implants for limb salvage, complex joint replacements and prosthetic attachment.

Sell £36M
DESCRIPTION

Montreux Equity Partners is a growth investment firm focused on investing in commercial stage companies with category leading products, technologies, and services. Montreux Equity Partners looks to invest $10 to $20 million in fast growing companies with $5 to $50 million in revenue. Montreux Equity Partners was formed in 1993 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 19 of 24
Sector: Medical Products M&A 7 of 10
Type: Add-on Acquisition M&A Deals 14 of 15
State: California M&A 18 of 22
Country: United States M&A 19 of 24
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 Tobira Therapeutics

South San Francisco, California, United States

Tobira Therapeutics, Inc. is a pharmaceutical company focuses on products for the treatment of important unmet medical needs in infectious diseases such as HIV/AIDS, hepatitis, and other associated infectious conditions. Tobira was established in 2006 and is headquartered in South San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-04 Pure Life Renal

Hollywood, Florida, United States

Pure Life Renal is a provider of dialysis services and renal care providing a full spectrum of rental services including in-center, home-based and acute dialysis, as well as drug provisions. Pure Life Renal was founded in 2013 and is based in Hollywood, Florida.

Buy -
SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 46 of 101
Sector: Medical Products M&A 8 of 10
Type: Add-on Acquisition M&A Deals 24 of 54
State: California M&A 22 of 45
Country: United States M&A 42 of 93
Year: 2014 M&A 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Onco360

Redwood City, California, United States

Onco360 is a biotechnology company provides cancer treatment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-19 Paylocity

Schaumburg, Illinois, United States

Paylocity is a provider of payroll services and human resource software solutions to employees and businesses across America. Paylocity accompanies its clients on the journey to create great workplaces and help people achieve their best through automation, data-driven insights, and engagement. Paylocity was founded in 1997 and is based in Schaumburg, Illinois.

Sell -