M&A Deal Summary

Otsuka Medical Devices Acquires Veryan Medical

On December 13, 2018, Otsuka Medical Devices acquired medical products company Veryan Medical from Seven Mile Capital Partners

Acquisition Highlights
  • This is Otsuka Medical Devices’ 1st transaction in the Medical Products sector.
  • This is Otsuka Medical Devices’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-12-13
Target Veryan Medical
Sector Medical Products
Buyer(s) Otsuka Medical Devices
Sellers(s) Seven Mile Capital Partners
Deal Type Add-on Acquisition

Target

Veryan Medical

Horsham, United Kingdom
Veryan Medical is a developer of innovative solutions for vascular disease using the principles of biomimicry. Biomimicry involves studying natures best ideas and imitating these designs and processes to solve human problems. The company is using its advanced understanding of the physics of blood flow to develop a range of cutting edge vascular products to address vascular disease in areas with strong unmet vascular needs. Veryan Medical was established in 2003 and is based in Horsham, United Kingdom.

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Buyer(S) 1

Buyer

Otsuka Medical Devices

Tokyo, Japan

Category Company
Sector Medical Products
DESCRIPTION

Otsuka Medical Devices engages in developing unique solutions that improve the health and well-being of patients whose medical needs and conditions cannot yet be fulfilled by existing treatment methods. Otsuka Medical Devices is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Seven Mile Capital Partners

New York, New York, United States

Investor


Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seven Mile Capital Partners is a private equity firm focused on acquiring middle-market profitable companies with $5 - $50 million of EBITDA. The Firm will consider a variety of transaction situations including companies undergoing transition, carve-outs, or in need of restructuring. Industries of interest include aerospace/defense, diversified manufacturing, building products, automotive, specialty material manufacturing, value-added distribution, and logistics. Seven Mile Partners was formed in 2011 with the purchase of a legacy portfolio of private equity investments from Citigroup. The Firm is based in New York City.


DEAL STATS #
Overall 5 of 6
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 United Subcontractors

St. Paul, Minnesota, United States

United Subcontractors, Inc. is an independent insulation subcontractor in the U.S. and one of the major shell contractors in Florida. USI has become a major building solutions provider in the United States by combining local market savvy with outstanding employees, superior technology, and the infrastructure of a national network. USI provides the nation’s residential and commercial contractors with a wide range of construction services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Lontra

Warwickshire, United Kingdom

Lontra is a developer of energy-saving compressors and engines. Technologies include the Blade Compressor, Blade Supercharger, Blade Expander, and the novel Lindsey Engine. Lontra was established in 2004 and is based in Warwickshire, United Kingdom.

Sell -