M&A Deal Summary

Nordic Capital Acquires Orchid Orthopedic Solutions

On January 22, 2019, private equity firm Nordic Capital acquired medical products company Orchid Orthopedic Solutions from Altor Equity Partners

Acquisition Highlights
  • This is Nordic Capital’s 9th transaction in the Medical Products sector.
  • This is Nordic Capital’s 6th transaction in the United States.
  • This is Nordic Capital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2019-01-22
Target Orchid Orthopedic Solutions
Sector Medical Products
Buyer(s) Nordic Capital
Sellers(s) Altor Equity Partners
Deal Type Secondary Buyout
Advisor(s) Kirkland & Ellis (Legal)

Target

Orchid Orthopedic Solutions

Holt, Michigan, United States
Orchid Orthopedic Solutions' corporate headquarters in Holt, Michigan.
Orchid Orthopedic Solutions' corporate headquarters in Holt, Michigan.
Orchid Orthopedic Solutions provides design, manufacturing, and supply chain services to orthopedic implant OEMs globally. Orchid Orthopedic Solutions was formed in 2005 and is based in Holt, Michigan.

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Buyer(S) 1

Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 99 of 140
Sector (Medical Products) 9 of 11
Type (Secondary Buyout) 28 of 45
State (Michigan) 1 of 1
Country (United States) 6 of 15
Year (2019) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Board

Chiasso, Switzerland

Board is a provider of cloud-based decision-making platform. The software platform for analysis, simulation and planning allows companies to achieve a single, accurate and complete view of business information and full control of performance data across their entire organisation. Board was founded in 1994 and is based in Chiasso, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Conscia

Brondby, Denmark

Conscia provides IT infrastructure solutions and 24/7 network, data centre and mobility support. Conscia builds and services some of Europe’s most complex IT security and networking infrastructures, and notably is recognised as one of the strongest integrators of Cisco solutions. Conscia was formed in 2003 and is based in Brondby, Denmark.

Buy -

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 28 of 43
Sector (Medical Products) 4 of 4
Type (Secondary Buyout) 8 of 12
State (Michigan) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 KonfiDents

Bensheim, Germany

KonfiDents is a dental group where key opinion leaders in high-quality dentistry are joining forces to reshape the future of the German dental market. KonfiDents was launched in 2018 and is based in Bensheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Spectrum ASA

Oslo, Norway

Spectrum ASA is a provider of innovative Multi-Client seismic surveys and high- quality seismic imaging services to the global oil and gas industry from offices in Norway, UK, USA, Brazil, Egypt, Australia, Indonesia, and Singapore. Spectrum designs acquire and process seismic data to deliver high-quality solutions through its dedicated and experienced workforce.

Sell -