M&A Deal Summary

NIOX Acquires Prosonix

On May 18, 2015, NIOX acquired medical products company Prosonix from GIMV and Gilde Healthcare for 100M GBP

Acquisition Highlights
  • This is NIOX’s 1st transaction in the Medical Products sector.
  • This is NIOX’s largest (disclosed) transaction.
  • This is NIOX’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-05-18
Target Prosonix
Sector Medical Products
Buyer(s) NIOX
Sellers(s) GIMV
Gilde Healthcare
Deal Type Add-on Acquisition
Deal Value 100M GBP

Target

Prosonix

Oxford, United Kingdom
Prosonix is a UK specialty pharmaceutical company focused on the development of a range of product candidates for the treatment of asthma and COPD. Prosonix's portfolio is based on its proprietary particle engineering technology and Prosonitron reactor system, which enables precise control of pharmaceutical product crystallisation during manufacture, and subsequent delivery characteristics.

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Buyer(S) 1

Buyer

NIOX

Oxford, United Kingdom

Category Company
Founded 2006
Sector Medical Products
Employees91
Revenue 42M GBP (2024)
DESCRIPTION

NIOX is a provider in the design, development, and commercialization of medical devices for the measurement of FeNO, a biomarker of inflammatory asthma. NIOX was founded in 2006 and is based in Oxford, England.


DEAL STATS #
Overall 2 of 2
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2015 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 Aerocrine

Solna, Sweden

Aerocrine AB is a medical technology company focused on improving the treatment of patients with inflamed airways. Aerocrine was formed in 1997 and is based in Solna, Sweden.

Buy kr1.8B

Seller(S) 2

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 62 of 111
Sector: Medical Products M&A 2 of 4
Type: Add-on Acquisition M&A Deals 30 of 58
Country: United Kingdom M&A 5 of 6
Year: 2015 M&A 7 of 9
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Acertys Healthcare

Aartselaar, Belgium

Acertys Healthcare is an organisation active in consulting, sales, integration, training and technical support in the fields of medical technology, software, equipment and materials for selected fields in both public and private healthcare practices. Acertys Healthcare is based in Aartselaar, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 XL Video

Hemel Hempstead, United Kingdom

XL Video Ltd. is a provider of creative video solutions for Concert Touring, Corporate and Special Events, Exhibitions and Trade Shows, Television, Sports, Theatre and The Arts.

Sell -
SELLER

Gilde Healthcare

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 2.6B EUR
Size Large
Type Sector Focused
DESCRIPTION

Gilde Healthcare is a specialist private equity and venture investor focused on the healthcare sector. The Firm's buyout group targets majority investments throughout Europe (preference for Germany, the Netherlands, Belgium, Austria or Switzerland) and has a focus on healthcare providers, suppliers and service providers active in the healthcare market. The Firm's venture group looks to invest in early stage medtech, diagnostics, digital health and therapeutics companies throughout North America and Europe. Gilde Healthcare was established in 1982 and is headquartered in Utrecht, Netherlands.


DEAL STATS #
Overall 17 of 35
Sector: Medical Products M&A 3 of 9
Type: Add-on Acquisition M&A Deals 9 of 17
Country: United Kingdom M&A 1 of 2
Year: 2015 M&A 2 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 Novicare

Best, Netherlands

Novicare provides nursing homes the opportunity to outsource their (para) medical staff. Novicare works with multidisciplinary self-managed teams that boost the quality of the (para) medical care. Novicare is based in Best, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Zetacom

Zoetermeer, Netherlands

Zetacomis is a systems integrator for critical communication systems and networking & security solutions. Zetacom provides communication solutions mainly to healthcare institutions, but also some selected government bodies, corporates and SMEs. Zetacom was founded in 2003 and is based in Zoetermeer, Netherlands.

Buy -