M&A Deal Summary

Stryker Acquires Sage Products

On February 1, 2016, Stryker acquired medical products company Sage Products from Madison Dearborn Partners for 2.8B USD

Acquisition Highlights
  • This is Stryker’s 12th transaction in the Medical Products sector.
  • This is Stryker’s 3rd largest (disclosed) transaction.
  • This is Stryker’s 15th transaction in the United States.
  • This is Stryker’s 1st transaction in Illinois.

M&A Deal Summary
Date 2016-02-01
Target Sage Products
Sector Medical Products
Buyer(s) Stryker
Sellers(s) Madison Dearborn Partners
Deal Type Add-on Acquisition
Deal Value 2.8B USD
Advisor(s) Barclays Investment Bank (Financial)
Kirkland & Ellis
Madden, Jiganti, Moore & Sinars (Legal)

Target

Sage Products

Cary, Illinois, United States
Sage Products is a provider of infection control and preventative care products to healthcare facilities worldwide.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Stryker

Kalamazoo, Michigan, United States
Category Company
Founded 1941
Sector Medical Products
Employees52,000
Revenue 20.5B USD (2023)
DESCRIPTION
Stryker's corporate headquarters in Kalamazoo, Michigan.
Stryker's corporate headquarters in Kalamazoo, Michigan.

Stryker is a medical technology company. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. Stryker was founded in 1941 and is based in Kalamazoo, Michigan.

DEAL STATS #
Overall 21 of 48
Sector (Medical Products) 12 of 35
Type (Add-on Acquisition) 17 of 42
State (Illinois) 1 of 1
Country (United States) 15 of 33
Year (2016) 1 of 8
Size (of disclosed) 3 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Muka Metal Tic. ve San. A.S.

Kayseri, Turkey

Muka Metal Tic. ve San. A.S. is a manufacturer and marketer of hospital beds, stretchers and related accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 Synergetics USA - Neuro Portfolio

O’Fallon, Montana, United States

Synergetics USA, Inc. - Neuro Portfolio includes the Malis generator, Spetzler Malis disposable forceps.

Buy -

Seller(S) 1

SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 55 of 74
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 23 of 34
State (Illinois) 8 of 11
Country (United States) 51 of 66
Year (2016) 1 of 4
Size (of disclosed) 6 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 Multi Packaging Solutions

New York, New York, United States

Multi Packaging Solutions, Inc. is a global provider of value-added packaging solutions to a diverse customer base across the healthcare, consumer and multi-media markets. MPS provides its customers with an extensive array of print-based specialty packaging solutions, including premium folding cartons, inserts, labels and rigid packaging across a variety of substrates and finishes. MPS has 59 manufacturing locations across North America, Europe and Asia and employs approximately 8,800 people.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Ankura

Dallas, Texas, United States

Ankura is a business advisory and expert services firm. Its deep understanding of the opportunities and challenges clients face enables its team to provide impactful, senior-level counsel. As an independent firm built on five key principles – Integrity, Quality, Diversity, Collaboration and Longevity – Ankura’s relationships extend beyond one engagement or issue. The firm empowers its industry experts to provide a high-touch, unique approach for its clients in critical times. Ankura’s offering includes a wide range of expert witness, turnaround and restructuring, corporate investigation, disputes/litigation support, forensic accounting, geopolitical risk assessment, transaction advisory, valuation, visual communications and business advisory services.

Buy -
Mergr

Product

Company

Legal