M&A Deal Summary

Olympus Acquires FH Orthopedics

On November 2, 2020, Olympus acquired medical products company FH Orthopedics from LBO France and ACG Capital

Acquisition Highlights
  • This is Olympus’ 5th transaction in the Medical Products sector.
  • This is Olympus’ 1st transaction in France.

M&A Deal Summary
Date 2020-11-02
Target FH Orthopedics
Sector Medical Products
Buyer(s) Olympus
Sellers(s) LBO France
ACG Capital
Deal Type Add-on Acquisition

Target

FH Orthopedics

Heimsbrunn, France
FH Orthopedics is an orthopedic company which designs, manufactures and commercializes prosthesis and the associated instrumentation. The company covers (i) joint replacement, i.e knee, and hip; (ii) prosthesis for shoulder and foot; (iii) sports surgery especially ligaments; and (iv) spine.

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Buyer(S) 1

Buyer

Olympus

Shinjuku-ku, Japan
Category Company
Founded 1919
Sector Diversified
Employees28,838
Revenue 936.2B JPY (2024)
DESCRIPTION
Olympus facility in Brooklyn Park, Minnesota.
Olympus facility in Brooklyn Park, Minnesota.

Olympus is a diverse manufacturer and seller of precision electronics, machinery, and instruments. Olympus manufactures medical products including endoscopic video imaging systems, endoscopy products for gastroenterological surgery, and enndo therapy products. Olympus was founded in 1919 and is based in Shinjuku-ku, Japan.

DEAL STATS #
Overall 10 of 14
Sector (Medical Products) 5 of 7
Type (Add-on Acquisition) 9 of 13
Country (France) 1 of 1
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-07 Endocuff

Leeds, United Kingdom

ARC Medical Design Ltd. is a provider of medical products. ARC Medical Design was founded in 2008 and is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Veran Medical Technologies

St. Louis, Missouri, United States

Veran Medical Technologies, Inc. is a privately held image guided medical device company focused on developing the next standard of care for minimally invasive delivery of interventional oncology therapies. Veran Medical Technologies is based in St. Louis, Missouri.

Buy $340M

Seller(S) 2

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.

DEAL STATS #
Overall 47 of 55
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 11 of 15
Country (France) 41 of 47
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Prenax

Courbevoie, France

Prenax provides an outsourced procurement and management service for subscription-based resources to companies and institutions globally, supported by premium, dedicated customer service and a user-friendly platform. Prenax was formed in 1993 and is based in Courbevoie, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 Zeplug

Paris, France

Zeplug is a provider of electric vehicle charging services intended to offer private charging terminals. Zeplug offers power charging stations ranging from 2.2kw for normal charging to 22kw for fast charging. Zeplug was founded in 2014 and is based in Paris, France.

Buy -
SELLER

ACG Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 2.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

ACG Capital is a private fund-of-funds investment firm focused on venture growth and mid-market buyout funds in Europe and the US. In addition to its fund-of-funds activity, ACG also seeks acquisitions of secondary positions. ACG Capital was formed in 2000 and is based in Paris.

DEAL STATS #
Overall 7 of 7
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (France) 7 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Passman

Villeurbanne, France

Passman is a provider of broadband Internet access solutions for hospitality and healthcare facilities (hotels, campsites, clinics, etc). Passman was founded in 1995 and is based in Villeurbanne, France.

Sell -
Mergr

Product

Company

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