M&A Deal Summary

J.H. Whitney Capital Partners, 1315 Capital and G Square Capital Acquire 3B Scientific

On January 26, 2017, private equity firm J.H. Whitney Capital Partners, growth capital firm 1315 Capital and private equity firm G Square Capital acquired medical products company 3B Scientific

Acquisition Highlights
  • This is J.H. Whitney Capital Partners’ 2nd, 1315 Capital’s 4th and G Square Capital’s 2nd transaction in the Medical Products sector.
  • This is J.H. Whitney Capital Partners’ 1st, 1315 Capital’s 1st and G Square Capital’s 3rd transaction in Germany.

M&A Deal Summary

Date 2017-01-26
Target 3B Scientific
Sector Medical Products
Buyer(s) J.H. Whitney Capital Partners
1315 Capital
G Square Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

3B Scientific

Hamburg, Germany
3B Scientific is a manufacturer and marketer of anatomical and biological teaching aids for science, healthcare and patient education. 3B Scientific was founded in 1948 and is based in Hamburg, Germany.

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Buyer(S) 3

Buyer

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 18 of 23
Sector (Medical Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 9
Country (Germany) 1 of 1
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 PSA HealthCare

Norcross, Georgia, United States

PSA HealthCare is a provider of critically important home care services for medically fragile children. Recognized as an industry leader in quality that it developed over the Company’s 25 year history, PSA provides care to more than 2,500 patients across 17 states through over 65 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a broad range of healthcare services, including home-based adult private duty nursing, home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers for medically fragile children and intellectual and developmental home care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 cabi

Compton, California, United States

cabi is a direct seller of women’s apparel and accessories with nearly 3,500 independent stylists who conduct shows in the homes of more than 78,000 hostesses throughout the U.S., U.K., and Canada. cabi was founded in 2002 and is based in Compton, California.

Sell -
DESCRIPTION

1315 Capital is a private investment firm that provides expansion and growth capital to commercial-stage specialty pharmaceutical, medical technology, and healthcare service companies. The Firm will consider opportunities across the US and generally looks to commit $10 to $40 million per investment. 1315 Capital was formed in 2014 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 6 of 21
Sector (Medical Products) 4 of 7
Type (Buyout (LBO, MBO, MBI)) 1 of 4
Country (Germany) 1 of 1
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-15 Encore Dermatology

Malvern, Pennsylvania, United States

Encore Dermatology is a privately held fully-integrated specialty dermatology company with a mission committed to delivering innovative prescription therapies and medical devices to dermatologists focusing on customer service and improving the quality-of-life of patients. Encore Dermatology was founded in 2014 and is based in Malvern, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Genoptix

Carlsbad, California, United States

Genoptix, Inc. is one of the largest hematopathology testing laboratories in the U.S., providing thousands of oncologists and pathologists across the United States with comprehensive testing solutions in hematology and solid tumor molecular profiling. Genoptix, Inc. was founded in 1999 and is based in Carlsbad, California.

Buy -
Buyer

G Square Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

G Square Capital is a specialist private equity group focused on acquiring and/or providing growth capital to mid-cap healthcare companies with an enterprise value up to €200 million. G Square primarily looks for opportunities in Europe and specifically targets healthcare services (private hospitals, nursing homes, diagnostic labs, imaging centers), services to the healthcare industry, medical technology providers, and pharmaceuticals. G Square was formed in 2008 and is based in London.


DEAL STATS #
Overall 13 of 20
Sector (Medical Products) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 11
Country (Germany) 3 of 3
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Duomed

Veenendaal, Netherlands

Duomed is a supplier of medical devices for surgical procedures, with a strong track record of innovation in the sector. It distributes laparoscopic instruments and accessories, abdominal surgery tools including surgical staples and hernia tools, barbed sutures, surgical glue, and energy devices. Duomed was founded in 1993 and is based in Veenendaal, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Duo-Med

Londerzeel, Belarus

Duo-Med is a provider of specialized surgical instruments and disposables in the field of minimally invasive abdominal surgery, gynecology and urology, and interventional radiology and endoscopy. Duo-Med is based in Londerzeel, Belarus.

Buy -