Add-on Acquisition • Medical Products

Johnson & Johnson Acquires Micrus Endovascular

On September 27, 2010, Johnson & Johnson acquired medical products company Micrus Endovascular from Invision for 480M USD

Acquisition Context
  • This is Johnson & Johnson’s 12th transaction in the Medical Products sector.
  • This is Johnson & Johnson’s 24th largest (disclosed) transaction.
  • This is Johnson & Johnson’s 19th transaction in the United States.
  • This is Johnson & Johnson’s 8th transaction in California.

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M&A Deal Summary

Date September 27, 2010
Target Micrus Endovascular
Sector Medical Products
Buyer(s) Johnson & Johnson
Sellers(s) Invision
Deal Type Add-on Acquisition
Deal Value 480M USD

Target Company

Micrus Endovascular

San Jose, California, United States
Micrus Endovascular is a medical device company formed in June 1996 with its corporate headquarters in San Jose, California. Micrus Endovascular manufactures and markets both implantable and disposable medical devices used in the treatment of cerebral vascular diseases. Micrus' products are used by interventional neuroradiologists and neurosurgeons primarily to treat cerebral aneurysms in the brain responsible for hemorrhagic stroke, a significant cause of death in the United States. The Micrus product line is an endovascular system that enables a physician to gain access to the brain in a minimally invasive manner through the vessels of the circulatory system.
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Buyer Overview 1

Buyer

Johnson & Johnson

New Brunswick, New Jersey, United States

Category Company
Founded 1886
Sector Consumer Products
Employees132,000
Revenue 88.8B USD (2024)
DESCRIPTION
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.

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 Context for Buyer #
Overall 22 of 47
Sector: Medical Products 12 of 17
Type: Add-on Acquisition 17 of 39
State: California 8 of 15
Country: United States 19 of 39
Year: 2010 1 of 2
Size (of disclosed) 24 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-31 Cougar Biotechnology

Raritan, New Jersey, United States

Cougar Biotechnology (CGRB) is a biotechnology company established to in-license and develop oncology drugs. Cougar's oncology portfolio includes CB7630, a targeted enzyme inhibitor, which is currently being tested in Phase II clinical trials in prostate cancer; other products are being tested for hematological and solid tumors.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-06 Crucell NV

Leiden, Netherlands

Crucell NV is a global biopharmaceutical company focused on research development, production and marketing of vaccines, proteins and antibodies that prevent and/or treat infectious diseases.

Buy -

Seller Profile 1

SELLER

Invision

Zug, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Invision AG is a private equity firm focused on growth capital investments in European companies or companies with opportunities in Europe. Target sectors include information technology, software, electronics, telecommunications, medical devices, healthcare services, financial services, and media. Invision looks to invest between €20 and €100 million in businesses generating €25 and €200 million in sales. Invision was formed in 1996 as the corporate venture capital arm of Metro Holding. Invision is based in Zug, Switzerland.


Deal Context for Seller #
Overall 15 of 24
Sector: Medical Products 2 of 2
Type: Add-on Acquisition 5 of 8
State: California 4 of 4
Country: United States 7 of 7
Year: 2010 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-09 Valista

Kilmacanogue, Ireland

Valista, Ltd. is the provider of payment software for the purchase of premium services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-29 Datamars

Lamone, Switzerland

Datamars is a provider of electronic tagging systems for the pet, livestock, and textile industries. Datamars provide complete systems tuned to deliver optimized performance in a range of vertical segments: professional laundries, animal identification, and other industries where identification in critical environment conditions is necessary. Datamars was founded in 1988 and is based in Lamone, Switzerland.

Sell -