M&A Deal Summary

Montagu Acquires Medical Device Components

On March 20, 2024, private equity firm Montagu acquired medical products company Medical Device Components from Johnson Matthey for 550M GBP

Acquisition Highlights
  • This is Montagu’s 10th transaction in the Medical Products sector.
  • This is Montagu’s 6th largest (disclosed) transaction.
  • This is Montagu’s 5th transaction in the United States.
  • This is Montagu’s 1st transaction in California.

M&A Deal Summary
Date 2024-03-20
Target Medical Device Components
Sector Medical Products
Buyer(s) Montagu
Sellers(s) Johnson Matthey
Deal Type Divestiture
Deal Value 550M GBP

Target

Medical Device Components

San Diego, California, United States
Medical Device Components develops and manufactures miniature components for minimally invasive medical devices used in high-growth clinical specialties. It focuses on complex and high-precision components made from Platinum Group Metals and Nitinol, with decades of expertise in the metallurgy, micro-machining, and coating of these specialty alloys. Medical Device Components is based in San Diego, California.

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Buyer(S) 1

Buyer

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.

DEAL STATS #
Overall 114 of 115
Sector (Medical Products) 10 of 10
Type (Divestiture) 22 of 22
State (California) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 2
Size (of disclosed) 6 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 Aqualung Group

Provence-Alpes-Côte d'Azur, France

Aqualung Group engages in manufacturing of equipment for adventure, fitness and safety whether in the water, on land or in the air. Each of company brands services the specific needs of demanding customers through product innovation, worldwide distribution and customer service. Aqualung is dedicated to designing, manufacturing and delivering quality gear for recreational and professional use. Aqualung Group was founded in 1943 and is based in Provence-Alpes-Côte d'Azur, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 EPFR

Boston, Massachusetts, United States

EPFR’s Flows and Allocations data provides a unique view of the investor and fund manager sentiment across global markets, helping buy and sell-side institutions make informed decisions. EPFR was formed in 1995 and is based in Boston, Massachusetts.

Sell -

Seller(S) 1

SELLER

Johnson Matthey

London, United Kingdom
Category Company
Founded 1817
Sector Chemicals
Employees11,685
Revenue 12.8B GBP (2024)
DESCRIPTION

Johnson Matthey is a specialty chemicals company underpinned by science, technology and our people. A leader in sustainable technologies, many of our products enhance the quality of life for millions worldwide. Johnson Matthey was founded in 1817 and is based in London, England.

DEAL STATS #
Overall 10 of 10
Sector (Medical Products) 1 of 1
Type (Divestiture) 10 of 10
State (California) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Johnson Matthey - LFP Cathode Technology Centre

Moosburg, Germany

Johnson Matthey's LFP Cathode Technology Centre supplies manufacturers with cathode and anode materials for lithium-ion batteries. Johnson Matthey's LFP Cathode Technology Centre is based in Moosburg, Germany.

Sell -
Mergr

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