M&A Deal Summary

Masimo Acquires Sound United

On February 15, 2022, Masimo acquired electronics company Sound United from Charlesbank Capital Partners for 1.0B USD

Acquisition Highlights
  • This is Masimo’s 1st transaction in the Electronics sector.
  • This is Masimo’s largest (disclosed) transaction.
  • This is Masimo’s 4th transaction in the United States.
  • This is Masimo’s 3rd transaction in California.

M&A Deal Summary

Date 2022-02-15
Target Sound United
Sector Electronics
Buyer(s) Masimo
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Evercore Group
Stifel, Nicolaus & Co., Inc.
Solomon Partners (Financial)
Goodwin Procter (Legal)

Target

Sound United

Vista, California, United States
Sound United is a designer and marketer of premium home-theater loudspeakers and consumer-branded vehicle security and convenience systems. Sound United's broad portfolio of high-performance home audio products, including speakers, surround sound systems, soundbars, and personal audio devices, is marketed under the Polk Audio and Definitive Technology brands. Sound United is based in Vista, California.

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Buyer(S) 1

Buyer

Masimo

Irvine, California, United States

Category Company
Founded 1989
Sector Medical Products
Employees3,800
Revenue 2.0B USD (2023)
DESCRIPTION
Entrance to Masimo's corporate headquarters in Irvine, California.
Entrance to Masimo's corporate headquarters in Irvine, California.

Masimo is a medical technology company that develops and manufactures noninvasive patient monitoring technologies, including medical devices and a wide array of sensors. Masimo was founded in 1989 and is based in Irvine, California.


DEAL STATS #
Overall 7 of 7
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (California) 3 of 3
Country (United States) 4 of 4
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 LiDCO

London, United Kingdom

LiDCO is a supplier of non-invasive and minimally invasive hemodynamic equipment to hospitals used to monitor the amount of blood flowing around the body and ensure that vital organs are adequately oxygenated. LiDCO's products facilitate the application of hemodynamic optimization protocols for high-risk patients in both critical care units and in the operating theatre. LiDCO is formed in 1991 and is based in London.

Buy -

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 48 of 50
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 17 of 18
State (California) 5 of 5
Country (United States) 44 of 46
Year (2022) 1 of 1
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Solve Advisors

Stamford, Connecticut, United States

Solve Advisors is a provider of market pricing in fixed-income markets. Solve boasts unmatched coverage globally in structured products, corporate bonds, syndicated bank loans, CDS, and Municipal Bonds. The SolveQuotes platform aggregates real-time bids, offers, BWIC price talk and covers, and other market data, helping to provide unparalleled price transparency and liquidity monitoring. The powerful workflow tools eliminate the hassle of the BWIC process, consolidate dealer inventories and two-way markets, and streamline month-end for the back office. Solve Advisors was founded in 2011 and is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-17 Action Behavior Centers

Austin, Texas, United States

Action Behavior Centers is a provider of ABA-therapy for individuals. Action Behavior Centers was founded in 2016 and is based in Austin, Texas.

Buy -