M&A Deal Summary

The Carlyle Group Acquires Ortho Clinical Diagnostics

On January 16, 2014, private equity firm The Carlyle Group acquired medical products company Ortho Clinical Diagnostics from Johnson & Johnson for 4.2B USD

Acquisition Highlights
  • This is The Carlyle Group’s 13th transaction in the Medical Products sector.
  • This is The Carlyle Group’s 16th largest (disclosed) transaction.
  • This is The Carlyle Group’s 249th transaction in the United States.
  • This is The Carlyle Group’s 7th transaction in New Jersey.
Investment Fate
  • Ortho Clinical Diagnostics went public in 2021.
  • Ortho Clinical Diagnostics was sold to a strategic buyer in 2021 for 6.0B USD.

M&A Deal Summary

Date 2014-01-16
Target Ortho Clinical Diagnostics
Sector Medical Products
Buyer(s) The Carlyle Group
Sellers(s) Johnson & Johnson
Deal Type Divestiture
Deal Value 4.2B USD

Target

Ortho Clinical Diagnostics

Raritan, New Jersey, United States
Ortho Clinical Diagnostics is a provider of vitro diagnostic products. The company serves the global transfusion medicine community with donor screening and blood typing products to help ensure every patient receives blood that is safe, the right type and the right unit. Ortho Clinical Diagnostics was founded in 1939 and is based in Raritan, New Jersey.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 480 of 744
Sector (Medical Products) 13 of 17
Type (Divestiture) 44 of 72
State (New Jersey) 7 of 12
Country (United States) 249 of 349
Year (2014) 1 of 31
Size (of disclosed) 16 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-08 Tirumala Milk Products

Hyderabad, India

Tirumala Milk Products (P) Ltd. is a professionally managed company engaged in the manufacture of a wide range of Dairy Products which include Milk in Sachets, Sweets, Flavored Milk, Curd in Cups and Sachets, Milk Powder, Butter, Ghee and Butter Oil both in bulk as well as in consumer packs..

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Haier Electronics Group

Hong Kong, China

Haier Electronics Group is a consumer electronics company.

Sell -

Seller(S) 1

SELLER

Johnson & Johnson

New Brunswick, New Jersey, United States

Category Company
Founded 1886
Sector Consumer Products
Employees132,000
Revenue 85.2B USD (2023)
DESCRIPTION
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.

Johnson & Johnson is a global healthcare conglomerate that operates across three primary sectors: Pharmaceuticals, Medical Devices, and Consumer Health. In Pharmaceuticals, it develops treatments for a variety of conditions, including immunology, oncology, and infectious diseases. The Medical Devices segment offers a range of equipment and devices for healthcare professionals, encompassing orthopedics, surgery, and cardiovascular care. Its Consumer Health division markets a wide array of products, spanning baby care, oral care, skin care, over-the-counter drugs, and women's health, with popular brands such as Band-Aid, Tylenol, and Neutrogena under its umbrella. Johnson & Johnson was formed in 1886 and is based in New Brunswick, New Jersey.


DEAL STATS #
Overall 8 of 18
Sector (Medical Products) 4 of 7
Type (Divestiture) 7 of 16
State (New Jersey) 1 of 3
Country (United States) 7 of 16
Year (2014) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 J&J - Feminine Hygiene Business

United States

J&J's feminine hygiene business comprises of Carefree liners, Stayfree pads and o.b. tampon brands.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-10 K-Y Lubricants Brand

United States

K-Y is one of the leading brands in intimate lubricants market with global sales of more than $100 million across 50 countries

Sell -