M&A Deal Summary

Roper Technologies Acquires CIVCO Holdings

On July 20, 2005, Roper Technologies acquired medical products company CIVCO Holdings from American Capital and KRG Capital Partners

Acquisition Highlights
  • This is Roper Technologies’ 1st transaction in the Medical Products sector.
  • This is Roper Technologies’ 5th transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Iowa.

M&A Deal Summary
Date 2005-07-20
Target CIVCO Holdings
Sector Medical Products
Buyer(s) Roper Technologies
Sellers(s) American Capital
KRG Capital Partners
Deal Type Add-on Acquisition

Target

CIVCO Holdings

Kalona, Iowa, United States
CIVCO Holding, Inc., (“CIVCO”) CIVCO is a global leader in the design, manufacture and marketing of specialized accessories, equipment and supplies that complement ultrasound and minimally invasive surgery for critical diagnostic and therapeutic procedures. CIVCO partners with the world’s leading medical OEMs to design manufacture and distribute innovative accessories including ultrasound image-guided biopsy systems, infection control products (transducer covers and surgical covers) and stabilizing and positioning systems, enabling ultrasound-guided diagnostic and therapeutic procedures. The Company also distributes a complete line of imaging supplies including SONY and Mitsubishi printers and consumable print media, transmission gels and warmers, disinfectants, cleansers and soaking systems.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States
Category Company
Founded 1981
Sector Information Technology
Employees16,800
Revenue 6.2B USD (2023)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.

DEAL STATS #
Overall 6 of 37
Sector (Medical Products) 1 of 5
Type (Add-on Acquisition) 6 of 37
State (Iowa) 1 of 1
Country (United States) 5 of 32
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 TransCore Holdings

Hummelstown, Pennsylvania, United States

TransCore Holdings, Inc is a provider of technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-08 AC Analytical Controls Holding B.V.

Rotterdam, Netherlands

AC Analytical Controls is a supplier of analytical instruments for the petrochemical industry, including gas- and liquid chromatographes.

Buy -

Seller(S) 2

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 24 of 194
Sector (Medical Products) 2 of 6
Type (Add-on Acquisition) 11 of 87
State (Iowa) 2 of 3
Country (United States) 24 of 186
Year (2005) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-19 Nancy s Specialty Foods

Newark, California, United States

Nancy's Specialty Foods, Inc. is a manufacturer of soups, salad dressings, sauces and other food products for the foodservice industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-21 BPWest

United States

BPWest, Inc. is a leading provider of drilling fluid products and services for oil and gas drilling

Buy -
SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.

DEAL STATS #
Overall 7 of 41
Sector (Medical Products) 1 of 6
Type (Add-on Acquisition) 6 of 21
State (Iowa) 1 of 1
Country (United States) 7 of 40
Year (2005) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 HMS Healthcare

Greenwood Village, Colorado, United States

HMS Healthcare, Inc. was a holding company that was established solely for the acquisition of Sloans Lake Managed Care ('SLMC') and PPOM LLC, two independent non-risk access preferred provider organizations ('PPOs').

Sell $390M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 SquareTwo Financial

Denver, Colorado, United States

SquareTwo Financial Corp. (Formerly Collect America) financial service company that purchases non-performong credit card debt and obtains other debt placements from credit-granting organizations for distribution to its proprietary national network of franchised law firms. This network utilizes Collect America's proprietary technology including computer database, collection software and communication system and collection methodology and operating philosophy.

Buy -
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