M&A Deal Summary

Smith & Nephew Acquires ArthroCare

On May 29, 2014, Smith & Nephew acquired medical products company ArthroCare from One Equity Partners for 1.5B USD

Acquisition Highlights
  • This is Smith & Nephew’s 14th transaction in the Medical Products sector.
  • This is Smith & Nephew’s largest (disclosed) transaction.
  • This is Smith & Nephew’s 12th transaction in the United States.
  • This is Smith & Nephew’s 2nd transaction in Texas.

M&A Deal Summary
Date 2014-05-29
Target ArthroCare
Sector Medical Products
Buyer(s) Smith & Nephew
Sellers(s) One Equity Partners
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

ArthroCare

Austin, Texas, United States
ArthroCare Corp. is a provider of multi-business medical device company that develops, manufactures and markets minimally invasive surgical products. With these products, ArthroCare targets a multi- billion dollar market opportunity across several medical specialties, significantly improving existing surgical procedures and enabling new, minimally invasive procedures.

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Buyer(S) 1

Buyer

Smith & Nephew

Watford, United Kingdom
Category Company
Founded 1856
Sector Medical Products
Employees18,452
Revenue 5.5B USD (2023)
DESCRIPTION

Smith & Nephew is a British-based multinational medical equipment manufacturing company. Smith & Nephew was founded in 1856 and is based in Watford, United Kingdom.

DEAL STATS #
Overall 21 of 34
Sector (Medical Products) 14 of 23
Type (Add-on Acquisition) 17 of 25
State (Texas) 2 of 2
Country (United States) 12 of 21
Year (2014) 1 of 1
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 Politec Importação e Comércio

Barueri, Brazil

Politec Saúde is the sole distributor of Advanced Wound Management products registered in Brazil. The company was incorporated in 1973 and is based in Barueri, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 Eurociencia Colombia S.A.

Bogota, Colombia

Eurociencia Colombia S.A. is a distributor for orthopaedic reconstruction, trauma and sports medicine products in Colombia since 2006. ECC provides us with an established, successful platform to accelerate growth in Colombia, one of the largest economies in Latin America.

Buy -

Seller(S) 1

SELLER

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.

DEAL STATS #
Overall 23 of 63
Sector (Medical Products) 3 of 4
Type (Add-on Acquisition) 18 of 36
State (Texas) 1 of 3
Country (United States) 18 of 42
Year (2014) 2 of 5
Size (of disclosed) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Imperative

Midland, Texas, United States

Imperative is a provider of specialty chemicals, in-field technical support and laboratory services to exploration and production and pipeline companies in the most active shale plays in the United States. Imperative is largely focused in the Permian Basin with additional locations in the Eagle Ford, Mid-Continent, Barnett, Bakken and Haynesville Shales. Imperative is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-14 Zodiac Systems

Hicksville, New York, United States

Zodiac Systems is a video service delivery software company that provides advanced cloud and device software and engineering services for Tier 1 media and telecom operators globally. For 17 years, Zodiac’s software has been quietly powering the video service delivery networks of Tier I operators. Zodiac Systems was formed in 2003 and is based in Hicksville, New York.

Buy -
Mergr

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