M&A Deal Summary

St. Jude Medical Acquires AGA Medical

On November 29, 2010, St. Jude Medical acquired medical products company AGA Medical from Welsh Carson Anderson & Stowe for 1.3B USD

Acquisition Highlights
  • This is St. Jude Medical’s 13th transaction in the Medical Products sector.
  • This is St. Jude Medical’s 3rd largest (disclosed) transaction.
  • This is St. Jude Medical’s 11th transaction in the United States.
  • This is St. Jude Medical’s 3rd transaction in Minnesota.

M&A Deal Summary
Date 2010-11-29
Target AGA Medical
Sector Medical Products
Buyer(s) St. Jude Medical
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Piper Sandler & Co. (Financial)
Fredrikson & Byron (Legal)

Target

AGA Medical

Plymouth, Minnesota, United States
AGA Medical specializes in the development and manufacture of innovative medical devices for use in cardiovascular applications. AGA's patented AMPLATZER® line of devices offers new alternatives to open-heart surgery for treatment of various congenital heart diseases. AGA Medical was formed in 1995 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

St. Jude Medical

Saint Paul, Minnesota, United States
Category Company
Founded 1976
Sector Medical Products
Employees18,000
Revenue 5.5B USD (2016)
DESCRIPTION
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.

St. Jude Medical, Inc. is a medical device manufacturer dedicated to transforming the treatment of most expensive, epidemic diseases. St. Jude Medical five major areas of focus that include heart failure, atrial fibrillation, neuromodulation, traditional cardiac rhythm management and cardiovascular. St. Jude Medical was formed in 1976 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 13 of 18
Sector (Medical Products) 13 of 17
Type (Add-on Acquisition) 12 of 17
State (Minnesota) 3 of 3
Country (United States) 11 of 15
Year (2010) 3 of 3
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 CardioMEMS

Atlanta, Georgia, United States

CardioMEMS is a provider of medical devices focused on the application of MicroElectroMechanical Systems (MEMS) technology to create innovative, implantable devices for the diagnosis and management of chronic diseases. The Company markets the EndoSure Wireless Sensor for monitoring aortic aneurysms and is developing a similar implantable device for monitoring congestive heart failure. CardioMEMS was founded in 2000 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-19 Endosense SA

Meyrin, Switzerland

Endosense was founded in 2003 in Geneva. It develops and commercialises TactiCath®, a unique catheter used for treating cardiac rhythm disorders. Catheter ablation is a treatment whereby a special catheter is advanced into the patient's left heart chamber via the femoral vein. TactiCath® improves the safety and effectiveness of catheter ablation treatment. The optic fibres of the catheter measure the contact force between the catheter and the beating heart wall. This to avoid that the contact force is too slight, reducing the effectiveness of the treatment, or that the contact force is too great, risking heart wall perforation. Since heart fluttering is meanly related to old age and the population is ageing, the demand for catheter ablation is expected to increase swiftly.

Buy $171M

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.

DEAL STATS #
Overall 32 of 75
Sector (Medical Products) 3 of 6
Type (Add-on Acquisition) 19 of 44
State (Minnesota) 2 of 2
Country (United States) 31 of 72
Year (2010) 8 of 11
Size (of disclosed) 9 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-18 Local Insight Media

Englewood, Colorado, United States

Local Insight Media, L.P. is a provider of print directories and Internet-based local search services in the Greater Cincinnati area, Hawaii, Alaska and the Caribbean. Local Insight Media indirectly owns CBD Media LLC, a publisher of print and online directories in the Cincinnati-Hamilton metropolitan area; HYP Media LLC, a provider of print and online local search services in Hawaii; ACS Media LLC, the largest publisher of print and Internet advertising directories in Alaska; and Caribe Servicios de Información Dominicana, S.A., a publisher of yellow and white pages directories in the Dominican Republic. In addition, Local Insight Media indirectly owns 60% of Axesa Servicios de Información, S. en C., the largest directory publisher in Puerto Rico. Local Insight Media, headquartered in Englewood, Colorado, provides strategic and management oversight for its operating subsidiaries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 Renal Advantage

Franklin, Tennessee, United States

Renal Advantage Inc., is a national provider of high-quality dialysis services. RAI has more than 150 outpatient dialysis centers across the United States and has quickly become the third largest provider of dialysis and home dialysis services in the country.

Sell -
Mergr

Product

Company

Legal