M&A Deal Summary

Schering AG Acquires Medrad

On August 23, 1995, Schering AG acquired medical products company Medrad from TA Associates for 180M USD

Acquisition Highlights
  • This is Schering AG’s 1st transaction in the Medical Products sector.
  • This is Schering AG’s largest (disclosed) transaction.
  • This is Schering AG’s 1st transaction in the United States.
  • This is Schering AG’s 1st transaction in Pennsylvania.
Investment Fate
  • Medrad was divested to a consortium of strategic buyers in 2006.

M&A Deal Summary
Date 1995-08-23
Target Medrad
Sector Medical Products
Buyer(s) Schering AG
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 180M USD
Advisor(s) Raptor Partners LLC (Financial)

Target

Medrad

Indianola, Pennsylvania, United States
Medrad, Inc. is a manufacturer and distributor of high tech medical devices that enable or enhance diagnostic and therapeutic medical procedures for computed tomography, magnetic resonance, and cardiovascular applications.

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Buyer(S) 1

Buyer

Schering AG

Berlin, Germany
Category Company
Sector Healthcare Services
DESCRIPTION

DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (1995) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-12 Mitsui Pharmaceuticals

Tokyo, Japan

Mitsui Pharmaceuticals is focusing on the three main areas of Oncology, Cardiovascular and Central Nervous System, providing a perfect strategic fit. Mitsui Pharmaceuticals's distinctive expertise and experience in the development of therapeutic products and its sales.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 25 of 255
Sector (Medical Products) 2 of 13
Type (Add-on Acquisition) 11 of 130
State (Pennsylvania) 1 of 14
Country (United States) 23 of 206
Year (1995) 3 of 5
Size (of disclosed) 51 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-02-01 Alias Systems

Toronto, Ontario, Canada

Alias Systems Corp. is a team of expert scientists exploring and creating technologies to help improve design and its role in society through high-level projects and collaboration with leading research universities worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-12-01 NetApp

San Jose, California, United States

NetApp is a provider of storage systems and data management solutions. The company's storage systems help customers streamline operations and lower the cost associated with storing and managing their data. NetApp's unified fabric-attached storage platform offers a storage platform for business applications, shared infrastructures, and cloud environments. Its E-Series platform offers modular flexibility and custom configuration capability for a variety of workloads. NetApp was founded in 1992 and is based in San Jose, California.

Sell -
Mergr

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