M&A Deal Summary

Nordson Acquires Vention Medical

On February 20, 2017, Nordson acquired medical products company Vention Medical from KRG Capital Partners and Fifth Street Capital for 705M USD

Acquisition Highlights
  • This is Nordson’s 3rd transaction in the Medical Products sector.
  • This is Nordson’s 3rd largest (disclosed) transaction.
  • This is Nordson’s 19th transaction in the United States.
  • This is Nordson’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2017-02-20
Target Vention Medical
Sector Medical Products
Buyer(s) Nordson
Sellers(s) KRG Capital Partners
Fifth Street Capital
Deal Type Add-on Acquisition
Deal Value 705M USD

Target

Vention Medical

Salem, New Hampshire, United States
Vention Medical, Inc. is a designer, developer and contract manufacturer of complex, plastics based medical devices. Vention Medical was founded in 1989 and is based in Salem, New Hampshire.

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Buyer(S) 1

Buyer

Nordson

Westlake, Ohio, United States
Category Company
Founded 1935
Sector Machinery
Employees7,700
Revenue 2.6B USD (2023)
DESCRIPTION

Nordson delivers precision technology solutions to help customers succeed worldwide. The company engineers, manufactures and markets differentiated products and systems used for dispensing adhesives, coatings, sealants, biomaterials and other materials, fluid management, test and inspection, UV curing and plasma surface treatment, all supported by application expertise and direct global sales and service. Nordson was founded in 1935 and is based in Westlake, Ohio.

DEAL STATS #
Overall 28 of 37
Sector (Medical Products) 3 of 5
Type (Add-on Acquisition) 27 of 35
State (New Hampshire) 1 of 1
Country (United States) 19 of 23
Year (2017) 4 of 4
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 InterSelect

Hagenbach, Germany

InterSelect GmbH is a designer and manufacturer of selective soldering systems used in a variety of automotive, aerospace and industrial electronics assembly applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Sonoscan

Elk Grove Village, Illinois, United States

Sonoscan, Inc. is a designer and manufacturer of acoustic microscopes and sophisticated acoustic micro imaging systems used in a variety of microelectronic, automotive, aerospace and industrial electronics assembly applications.

Buy -

Seller(S) 2

SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.

DEAL STATS #
Overall 38 of 41
Sector (Medical Products) 6 of 6
Type (Add-on Acquisition) 19 of 21
State (New Hampshire) 1 of 1
Country (United States) 37 of 40
Year (2017) 1 of 2
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Ansira

St. Louis, Missouri, United States

Ansira is a data-driven, technology-enabled marketing solutions provider, specializing in the integration of local and national marketing programs. Ansira was founded in 1919 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 PAS Technologies

Kansas City, Missouri, United States

PAS Technologies is a high technology components provider, to expand its portfolio of industry-leading MRO service offerings. PAS specializes in providing cost-effective OEM and MRO solutions for the aerospace, oil and gas, and industrial gas turbine markets. By using innovative and proprietary high-technology processes, along with solutions licensed from OEMs, the company provides great value for customers whose components are exposed to high wear, high heat and corrosive environments. The company’s highly engineered, innovative products are known for advanced technology and unsurpassed reliability.

Sell -
SELLER

Fifth Street Capital

Category Lender
Founded 1998
Size Mega
Type Sector Agnostic
DESCRIPTION

Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.

DEAL STATS #
Overall 42 of 59
Sector (Medical Products) 5 of 5
Type (Add-on Acquisition) 21 of 27
State (New Hampshire) 2 of 2
Country (United States) 41 of 58
Year (2017) 1 of 4
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Ansira

St. Louis, Missouri, United States

Ansira is a data-driven, technology-enabled marketing solutions provider, specializing in the integration of local and national marketing programs. Ansira was founded in 1919 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 National Spine & Pain Centers

Frederick, Maryland, United States

National Spine & Pain Centers is a provider of interventional pain management services focused on relieving chronic back and neck pain. Interventional pain management is a rapidly growing medical specialty whose objective is to relieve pain through advanced, minimally invasive procedures while preventing costly, invasive surgery. National Spine & Pain Centers provides management services to physicians who are dedicated to providing high quality patient care in outpatient ambulatory surgical center settings. Affiliated physicians are fellowship-trained and board-certified/board-eligible pain specialists and many are nationally recognized leaders in pain management. National Spine & Pain Centers was founded in 1998 and is headquartered in Frederick, Maryland.

Sell -
Mergr

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