M&A Deal Summary

Platinum Equity Acquires Sunrise Medical

On June 5, 2024, private equity firm Platinum Equity acquired medical products company Sunrise Medical from Nordic Capital

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Medical Products sector.
  • This is Platinum Equity’s 2nd transaction in Germany.

M&A Deal Summary

Date 2024-06-05
Target Sunrise Medical
Sector Medical Products
Buyer(s) Platinum Equity
Sellers(s) Nordic Capital
Deal Type Secondary Buyout

Target

Sunrise Medical

Malsch, Germany
Sunrise Medical is a developer, designer, manufacturer, and distributor of manual and powered wheelchairs, mobility scooters, and both standard and customized seating and positioning systems. Company key products, marketed under the Quickie, Zippie, Breezy, Sterling, JAY, Coopers and Lomax proprietary brands, are sold through a network of homecare medical product dealers or distributors in over 130 countries. Sunrise Medical was founded in 1983 and is based in Malsch, Germany.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

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 142 of 150
Sector (Medical Products) 3 of 3
Type (Secondary Buyout) 38 of 41
Country (Germany) 2 of 2
Year (2024) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 TAK Communications

Sioux Falls, South Dakota, United States

TAK Communications is a telecommunications and broadband service provider that offers full value chain communications services and solutions to its customers across the US, from project management, engineering, and construction to drops, fulfillment, and door-to-door sales. TAK Communications is based in Sioux Falls, South Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 MARS

Hauppauge, New York, United States

MARS is a distributor of HVAC/R parts to authorized wholesalers and manufacturers in the United States and internationally. MARS was founded in 1946 and is based in Hauppauge, New York.

Buy -

Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 78 of 79
Sector (Medical Products) 6 of 6
Type (Secondary Buyout) 22 of 22
Country (Germany) 3 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 BRP Systems

Linköping, Sweden

BRP Systems provides ERP software for operators in the leisure sector, primarily fitness facilities as well as bath-, spa- and conference facilities. BRP Systems was founded in 2004 and is based in Linköping, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Unisport

Copenhagen, Denmark

Unisport is an e-commerce football company. Unisport has a market major e-commerce platform and is dedicated to football obsessed consumers, connecting to these via its award-winning e-commerce platform and in-house produced football related content which has obtained huge followership on social media. Unisport was founded in 1995 and is based in Copenhagen, Denmark.

Sell -