M&A Deal Summary |
|
|---|---|
| Date | 2018-03-16 |
| Target | LifeScan |
| Sector | Medical Products |
| Buyer(s) | Platinum Equity |
| Sellers(s) | Johnson & Johnson |
| Deal Type | Divestiture |
| Deal Value | 2.1B USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 48.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 91 of 150 |
| Sector (Medical Products) | 2 of 3 |
| Type (Divestiture) | 46 of 59 |
| State (California) | 9 of 17 |
| Country (United States) | 74 of 118 |
| Year (2018) | 4 of 10 |
| Size (of disclosed) | 9 of 31 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-27 |
Hunterstown Power
Gettysburg, Pennsylvania, United States Hunterstown Power is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 648,000 homes. Hunterstown Power is based in Gettysburg, Pennsylvania. |
Buy | $520M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-01 |
Schutt Sports
Litchfield, Illinois, United States Schutt Sports, Inc. is a manufacturer and provider of football, softball, baseball and basketball equipment to the youth, high school, college and professional markets. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1886 |
| Sector | Consumer Products |
| Employees | 132,000 |
| Revenue | 85.2B USD (2023) |
Johnson & Johnson is a global healthcare conglomerate that operates across three primary sectors: Pharmaceuticals, Medical Devices, and Consumer Health. In Pharmaceuticals, it develops treatments for a variety of conditions, including immunology, oncology, and infectious diseases. The Medical Devices segment offers a range of equipment and devices for healthcare professionals, encompassing orthopedics, surgery, and cardiovascular care. Its Consumer Health division markets a wide array of products, spanning baby care, oral care, skin care, over-the-counter drugs, and women's health, with popular brands such as Band-Aid, Tylenol, and Neutrogena under its umbrella. Johnson & Johnson was formed in 1886 and is based in New Brunswick, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 18 |
| Sector (Medical Products) | 7 of 7 |
| Type (Divestiture) | 14 of 16 |
| State (California) | 2 of 3 |
| Country (United States) | 13 of 16 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-19 |
Sightbox
Portland, Oregon, United States Sightbox is a vision service for people who wear contact lenses. Each membership includes an eye exam, contact lens fitting, an annual supply of contacts, and a payment plan to spread out the customer's cost over the course of a year. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-11 |
C-SATS
Seattle, Washington, United States C-SATS, Inc. is a subscription based and enables surgeons to upload surgical videos for assessment by expert surgeons and trained reviewers who provide objective and confidential feedback on technical skills. C-SATS, Inc. was founded in 2014 and is based in Seattle, Washington. |
Buy | - |
