M&A Deal Summary

Smith & Nephew Acquires Blue Belt Technologies

On October 29, 2015, Smith & Nephew acquired medical products company Blue Belt Technologies from HealthpointCapital for 275M USD

Acquisition Highlights
  • This is Smith & Nephew’s 16th transaction in the Medical Products sector.
  • This is Smith & Nephew’s 7th largest (disclosed) transaction.
  • This is Smith & Nephew’s 14th transaction in the United States.
  • This is Smith & Nephew’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-10-29
Target Blue Belt Technologies
Sector Medical Products
Buyer(s) Smith & Nephew
Sellers(s) HealthpointCapital
Deal Type Add-on Acquisition
Deal Value 275M USD
Advisor(s) Piper Jaffray Companies (Financial)
Mintz Levin Cohn Ferris Glovsky and Popeo PC (Legal)

Target

Blue Belt Technologies

Pittsburgh, Pennsylvania, United States
Blue Belt Technologies, Inc. is a provider of surgical robotics, developing and commercializing next-generation robotics-assisted technologies for use in orthopedic surgery and other specialties.

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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 24 of 34
Sector (Medical Products) 16 of 23
Type (Add-on Acquisition) 19 of 25
State (Pennsylvania) 1 of 1
Country (United States) 14 of 21
Year (2015) 3 of 3
Size (of disclosed) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Zimmer - Unicompartmental High Flex Knee system

United States

Zimmer - Unicompartmental High Flex Knee (ZUK) system is a provider of clinically uni knee replacement provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 BST-CarGel

United States

BST-CarGel is a first-line cartilage repair product used along with microfracture and other bone marrow stimulation techniques for the initial treatment of most sizes of focal cartilage tears.

Buy -

Seller(S) 1

SELLER

HealthpointCapital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 800M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

HealthpointCapital is a specialist private equity firm focused exclusively on investments in businesses serving the musculoskeletal industry. Specifically, HealthPoint looks for opportunities within the orthopedic and dental device industries. Prospective companies typically possesses proven technologies and demonstrate strong growth potential. HealthpointCapital is based in New York City.

DEAL STATS #
Overall 4 of 7
Sector (Medical Products) 4 of 7
Type (Add-on Acquisition) 4 of 6
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 OrthoSpace

Caesarea, Israel

OrthoSpace Ltd. is a medical device company. OrthoSpace's product, InSpace, is an orthopedic biodegradable balloon system that is simple, safe and a minimally invasive method that addresses unmet clinical needs in rotator cuff repair. OrthoSpace Ltd. was founded in 2009 and is based in Caesarea, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 ProSomnus Sleep Technologies

Pleasanton, California, United States

ProSomnus Sleep Technologies which develops and manufactures Oral Appliances for the treatment of Obstructive Sleep Apnea. More than 25 million people suffer from OSA in the U.S. and 100 million globally. The Oral Appliance Therapy (OAT) market represents a new and large patient demographic for dentists and allows them to offer an alternative to Continuous Positive Airway Pressure (CPAP) therapy. ProSomnus Sleep Technologies is based in Pleasanton, California.

Buy -
Mergr

Product

Company

Legal