M&A Deal Summary

TE Connectivity Acquires Creganna-Tactx Medical

On February 2, 2016, TE Connectivity acquired medical products company Creganna-Tactx Medical from Permira for 895M USD

Acquisition Highlights
  • This is TE Connectivity’s 2nd transaction in the Medical Products sector.
  • This is TE Connectivity’s 4th largest (disclosed) transaction.
  • This is TE Connectivity’s 1st transaction in Ireland.

M&A Deal Summary

Date 2016-02-02
Target Creganna-Tactx Medical
Sector Medical Products
Buyer(s) TE Connectivity
Sellers(s) Permira
Deal Type Add-on Acquisition
Deal Value 895M USD

Target

Creganna-Tactx Medical

Galway , Ireland
Creganna-Tactx Medical is a provider of an outsourced design and manufacturing services of minimally invasive delivery and access devices.

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Buyer(S) 1

Buyer

TE Connectivity

Schaffhausen, Switzerland

Category Company
Founded 1941
Sector Electrical Equipment
Employees85,000
Revenue 16.0B USD (2023)
DESCRIPTION

TE Connectivity is a designer and manufacturer of products at the heart of electronic connections for industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity was founded in 1941 and is based in Schaffhausen, Switzerland.


DEAL STATS #
Overall 11 of 15
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 10 of 13
Country (Ireland) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 TE Connectivity - Circuit Protection Business

United States

TE Connectivity - Circuit Protection Business is a provider of resettable circuit protection devices with a strong global presence in the automotive, battery, industrial, communications and mobile computing markets.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 MicroGroup

Medway, Massachusetts, United States

MicroGroup, Inc. is a manufacturer of precision medical components and sub-assemblies with expertise in difficult-to-manufacture, small diameter stainless steel tubing. The Company offers a comprehensive, integrated suite of 50+ in-house precision metal production operations supporting the full product life cycle from prototype to production. MicroGroup's customers include more than half of the world's largest medical device and analytical instrument companies across analytical and diagnostic instruments, cardiology, gastroenterology and endoscopy, neurology and spinal, and orthopedic and sports medicine segments.

Buy -

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 55 of 89
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 18 of 30
Country (Ireland) 2 of 2
Year (2016) 1 of 6
Size (of disclosed) 25 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-10 PHARMAQ Holding AS

Overhalla, Norway

PHARMAQ Holding AS is a pharmaceutical company focused on aquaculture. It develops, manufactures and markets vaccines and therapeutic products for the prevention and treatment of diseases in farmed fish.

Sell $765M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Ancestry

Provo, Utah, United States

Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah.

Sell $2.6B