M&A Deal Summary

Philips Acquires Capsule Technologies

On January 19, 2021, Philips acquired information technology company Capsule Technologies from Francisco Partners for 635M USD

Acquisition Highlights
  • This is Philips’ 3rd transaction in the Information Technology sector.
  • This is Philips’ 8th largest (disclosed) transaction.
  • This is Philips’ 18th transaction in the United States.
  • This is Philips’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-01-19
Target Capsule Technologies
Sector Information Technology
Buyer(s) Philips
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 635M USD
Advisor(s) Barclays Investment Bank (Financial)
Kirkland & Ellis (Legal)

Target

Capsule Technologies

Andover, Massachusetts, United States
Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts.

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Buyer(S) 1

Buyer

Philips

Amsterdam, Netherlands

Category Company
Founded 1891
Sector Consumer Products
Employees69,062
Revenue 18.2B EUR (2023)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Koninklijke Philips was founded in 1891 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 31 of 33
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 26 of 28
State (Massachusetts) 1 of 1
Country (United States) 18 of 19
Year (2021) 1 of 3
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 BioTelemetry

Malvern, Pennsylvania, United States

BioTelemetry, Inc. is a remote medical technology company provides remote cardiac monitoring, centralized core laboratory services for clinical trials, remote blood glucose monitoring and original equipment manufacturing that serves both healthcare and clinical research customers. BioTelemetry was founded in 1994 and is based in Malvern, Pennsylvania.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Versuni

Amsterdam, Netherlands

Versuni provides kitchen, coffee, garment care and home care appliances. Versuni is based in Amsterdam, Netherlands.

Sell $3.7B

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 67 of 81
Sector (Information Technology) 12 of 15
Type (Add-on Acquisition) 42 of 49
State (Massachusetts) 2 of 4
Country (United States) 54 of 67
Year (2021) 1 of 10
Size (of disclosed) 12 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 CDK Global - International business

Hoffman Estates, Illinois, United States

CDK Global, Inc.'s International business is a provider of automotive retail software solutions. CDKI has operated an independent unit with different products and solutions, customers, and geographies. CDK Global, Inc.'s International business is based in Hoffman Estates, Illinois.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Native Instruments

Berlin,, Germany

Native Instruments is regarded as one of the spearheads of the democratization of music production, as it enables creatives to produce their music without the large set-up costs associated with traditional music studios. Music professionals all around the globe have been relying on the company’s comprehensive music instrument library and high-quality software tools to support their music creation process, with an estimated 8 out of 10 tracks in the Billboard top 10 using Native Instruments technology. Native Instruments was founded in 1996 and is based in Berlin, Germany.

Buy -