M&A Deal Summary |
|
|---|---|
| Date | 1997-03-03 |
| Target | InnoTech |
| Sector | Machinery |
| Buyer(s) | Johnson & Johnson |
| Sellers(s) |
Forrest Binkley and Brown
Virginia Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 134M USD |
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| Category | Company |
|---|---|
| Founded | 1886 |
| Sector | Consumer Products |
| Employees | 132,000 |
| Revenue | 88.8B USD (2024) |
Johnson & Johnson is a global healthcare conglomerate that operates across three primary sectors: Pharmaceuticals, Medical Devices, and Consumer Health. In Pharmaceuticals, it develops treatments for a variety of conditions, including immunology, oncology, and infectious diseases. The Medical Devices segment offers a range of equipment and devices for healthcare professionals, encompassing orthopedics, surgery, and cardiovascular care. Its Consumer Health division markets a wide array of products, spanning baby care, oral care, skin care, over-the-counter drugs, and women's health, with popular brands such as Band-Aid, Tylenol, and Neutrogena under its umbrella. Johnson & Johnson was formed in 1886 and is based in New Brunswick, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 47 |
| Sector: Machinery M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 4 of 39 |
| State: Virginia M&A | 1 of 1 |
| Country: United States M&A | 5 of 39 |
| Year: 1997 M&A | 1 of 2 |
| Size (of disclosed) | 28 of 31 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-01-01 |
Eastman Kodak - Diagnostics Products Division
Rochester, New York, United States Eastman Kodak - Diagnostics Products Division is a producer of machines that can run hundreds of chemical tests an hour. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-05-22 |
Biopsys Medical
Irvine, California, United States Biopsys Medical, Inc. is a developer, manufacturer and marketer of products for the diagnosis and management of breast cancer. |
Buy | $310M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Forrest Binkley & Brown (FBB) is a private equity firm focused on investing in middle-market buyouts and growth capital financings in Southern California. FBB prefers to act as the lead investor and looks to partner with management when pursuing acqusitions. Typical investments range from $2 to $6 million per transaction. Forrest Binkley & Brown was formed in 1993 and is based in California, with offices in Irvine and Solana Beach.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 14 |
| Sector: Machinery M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 6 |
| State: Virginia M&A | 1 of 1 |
| Country: United States M&A | 1 of 14 |
| Year: 1997 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-04-20 |
Comcore Semiconductor
Calabasas, California, United States Comcore designs, delivers and supports integrated circuits for high-speed local and wide area networking applications. National Semiconductor purchased Comcore in May 1998. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 50M USD |
| Size | Small |
| Type | Sector Agnostic |
Virginia Capital Partners (VCP) is a private investment firm that invests in profitable, rapidly growing private companies located in the South Atlantic region of the US. Target businesses are typically valued between $500,000 to $10 million Sectors of interest include business services, healthcare services, media/communications, insurance, and consumer services. Virginia Capital Partners is based in Richmond, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 16 |
| Sector: Machinery M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 6 |
| State: Virginia M&A | 1 of 8 |
| Country: United States M&A | 1 of 16 |
| Year: 1997 M&A | 1 of 1 |
| Size (of disclosed) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1996-10-01 |
PRA Health Sciences
Raleigh, North Carolina, United States PRA Health Sciences, Inc. is an international clinical research organization. PRA provides services on a contract basis to the pharmaceutical and biotechnology industries. Comprehensive services include the filing of Investigational New Drug (IND) and similar regulatory applications, management and implementation of Phase I through IV clinical trials, preparation and submission of New Drug Applications (NDAs), and post-marketing surveillance on an international basis. PRA was formed in 1976 and is based in Raleigh, North Carolina. |
Buy | $19M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-01-01 |
Virginia TeleComm Towers
Virginia, United States Virginia Telecomm Towers acquires, develops, and operates wireless communication towers. The company was sold to a strategic acquirer in 1998. |
Sell | - |
