Secondary Buyout • Medical Products

Patricia Industries Acquires Laborie Medical Technologies

On August 19, 2016, private equity firm Patricia Industries acquired medical products company Laborie Medical Technologies from Audax Private Equity

Acquisition Context
  • This is Patricia Industries’ 3rd transaction in the Medical Products sector.
  • This is Patricia Industries’ 2nd transaction in the United States.
  • This is Patricia Industries’ 1st transaction in New Hampshire.

Explore All 241 Secondary Buyout Medical Products Deals - Search the Database Free


M&A Deal Summary

Date August 19, 2016
Target Laborie Medical Technologies
Sector Medical Products
Buyer(s) Patricia Industries
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Advisor(s) Jefferies
Harris Williams (Financial)
Kirkland & Ellis (Legal)

Target Company

Laborie Medical Technologies

Portsmouth, New Hampshire, United States
Laborie Medical Technologies is a manufacturer and supplier of pelvic health and gastrointestinal medical equipment and consumables. Laborie has been committed to delivering innovative, complete solutions that provide better diagnostics and treatment outcomes to patients worldwide. Laborie Medical Technologies was founded in 1967 and is based in Portsmouth, New Hampshire.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

DESCRIPTION

Patricia Industries is a diversified investor in mid-sized companies throughout Scandinavia and North America. The Firm is a part of publicly traded investor group Investor AB and looks to make long-term commitments in partnership with growth companies. Patricia Industries was formed in 1995 and is headquartered in Stockholm, Sweden.


Deal Context for Buyer #
Overall 7 of 10
Sector: Medical Products 3 of 3
Type: Secondary Buyout 4 of 7
State: New Hampshire 1 of 1
Country: United States 2 of 4
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-23 BraunAbility

Carmel, Indiana, United States

BraunAbility is a manufacturer of wheelchair accessible vehicles and wheelchair lifts for both personal use and commercial applications. BraunAbility was founded in 1963 and is based in Carmel, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Sarnova

Dublin, Ohio, United States

Sarnova is a specialty distributor of healthcare products for the emergency preparedness and acute care markets. The company is comprised of four major business units: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services. Sarnova was founded in 2008 and is based in Dublin, Ohio.

Buy $903M

Seller Profile 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 50 of 110
Sector: Medical Products 3 of 6
Type: Secondary Buyout 24 of 62
State: New Hampshire 1 of 2
Country: United States 48 of 104
Year: 2016 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 United Urology Group

Owings Mills, Maryland, United States

United Urology Group is a urology physician practice management company with clinical offices and ambulatory surgical centers that provide general urologic care and ancillary service lines including surgical centers, pharmacy, radiation therapy, and a pathology lab. United Urology Group was founded in 2006 and is based in Owings Mills, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Cadence Education

Scottsdale, Arizona, United States

Cadence Education is a premier early childhood educator in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed unparalleled expertise in preparing students to thrive in the next step of their childhood. It provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home. Cadence Education was formed in 1969 and is based in Scottsdale, Arizona.

Sell -