M&A Deal Summary

Pegasus Capital Advisors and ResMed Acquire SleepScore Labs

On January 1, 2016, private equity firm Pegasus Capital Advisors and ResMed acquired technology hardware company SleepScore Labs

Acquisition Highlights
  • This is Pegasus Capital Advisors’ 2nd and ResMed’s 2nd transaction in the Technology Hardware sector.
  • This is Pegasus Capital Advisors’ 22nd and ResMed’s 5th transaction in the United States.
  • This is Pegasus Capital Advisors’ 1st and ResMed’s 3rd transaction in California.

M&A Deal Summary

Date 2016-01-01
Target SleepScore Labs
Sector Technology Hardware
Buyer(s) Pegasus Capital Advisors
ResMed
Deal Type Joint Venture

Target

SleepScore Labs

Carlsbad, California, United States
SleepScore Labs is a provider of a SleepScore by ResMed technology to provide sleep non-contact sleep monitor for consumers complemented by an evolving set of curated sleep improvement tools, services, and products. Consumer Sleep Solutions was founded in 2016 and is based in Carlsbad, California.

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Buyer(S) 2

Buyer

Pegasus Capital Advisors


Category Private Equity Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 27 of 31
Sector: Technology Hardware M&A 2 of 2
Type: Joint Venture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 22 of 25
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Renaissance Downtowns

Huntington Station, New York, United States

Renaissance Downtowns is a suburban downtown revitalization company. The company enters into master developer relationships with municipalities while simultaneously engaging local communities utilizing a proprietary crowdsourcing process to gain input and foster support for future development. Renaissance Downtowns is based in Huntington Station, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 PanTheryx

Boulder, Colorado, United States

PanTheryx is a global medical nutrition company and is dedicated to improving global health and quality of life through innovative life science. Utilizing its broad-based proprietary technology platform, PanTheryx is focused on the development and commercialization of medical nutrition products that target the gastrointestinal microbiome. PanTheryx was established in 2007 and is based in Boulder, Colorado.

Buy -
Buyer

ResMed

San Diego, California, United States

Category Company
Founded 1989
Sector Medical Products
Employees7,770
Revenue 4.7B USD (2024)
DESCRIPTION
Entrance to ResMed's corporate headquarters in San Diego, California.
Entrance to ResMed's corporate headquarters in San Diego, California.

ResMed is a developer, manufacturer, and marketer of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders including sleep disordered breathing, or SDB, chronic obstructive pulmonary disease, or COPD, neuromuscular disease and other chronic diseases. ResMed's products and solutions are designed to improve patient quality of life, reduce the impact of chronic disease and lower healthcare costs as global healthcare systems continue to drive a shift in care from hospitals to the home and lower cost settings. ResMed's cloud-based software digital health applications, along with its devices are designed to provide connected care to improve patient outcomes and efficiencies for its customers. ResMed was founded in 1989 and is based in San Diego, California.


DEAL STATS #
Overall 13 of 23
Sector: Technology Hardware M&A 2 of 2
Type: Joint Venture M&A Deals 1 of 1
State: California M&A 3 of 4
Country: United States M&A 5 of 12
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Curative Medical

Santa Clara, California, United States

Curative Medical, Inc. is a provider of non-invasive ventilation and sleep-disordered breathing medical devices and accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Inova Labs

Austin, Texas, United States

Inova Labs, Inc. is a medical device company specializing in the development and commercialization of innovative oxygen therapy products.

Buy -