M&A Deal Summary

The Carlyle Group Acquires Vantive

On August 13, 2024, private equity firm The Carlyle Group acquired medical products company Vantive from Baxter International for 3.8B USD

Acquisition Highlights
  • This is The Carlyle Group’s 17th transaction in the Medical Products sector.
  • This is The Carlyle Group’s 20th largest (disclosed) transaction.
  • This is The Carlyle Group’s 348th transaction in the United States.
  • This is The Carlyle Group’s 22nd transaction in Illinois.

M&A Deal Summary

Date 2024-08-13
Target Vantive
Sector Medical Products
Buyer(s) The Carlyle Group
Sellers(s) Baxter International
Deal Type Divestiture
Deal Value 3.8B USD

Target

Vantive

Deerfield, Illinois, United States
Vantive is a global kidney care, offering products and services for peritoneal dialysis, hemodialysis, and organ support therapies, including continuous renal replacement therapy (CRRT). Vantive is based in Deerfield, Illinois.

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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 743 of 749
Sector: Medical Products M&A 17 of 17
Type: Divestiture M&A Deals 72 of 74
State: Illinois M&A 22 of 22
Country: United States M&A 348 of 350
Year: 2024 M&A 2 of 4
Size (of disclosed) 20 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Cogentrix Energy

Charlotte, North Carolina, United States

Cogentrix Energy is an independent power producer with a long track record of successfully acquiring, developing, constructing, operating and improving power generation assets across the United States. Cogentrix Energy was founded in 1983 and is based in Charlotte, North Carolina.

Sell $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-21 PNB Housing

New Delhi, India

PNB Housing is a deposit-taking housing finance companies. PNB Housing was founded in 1988 and is based in New Delhi, Haryana.

Sell -

Seller(S) 1

SELLER

Baxter International

Deerfield, Illinois, United States

Category Company
Founded 1931
Sector Medical Products
Employees38,000
Revenue 10.6B USD (2024)
DESCRIPTION
Entrance to Baxter International's corporate headquarters in Deerfield, Illinois.
Entrance to Baxter International's corporate headquarters in Deerfield, Illinois.

Baxter International develops, manufactures and markets drugs and medical products for people with a variety of medical conditions. Baxter's operations are comprised of the BioScience and Medical Products segments. The BioScience business processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies, alpha-1 antitrypsin deficiency, burns and shock, and other chronic and acute blood-related conditions; biosurgery products; and select vaccines. The Medical Products business manufactures intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, infusion pumps, and inhalation anesthetics. The business also provides products and services related to pharmacy compounding, drug formulation and packaging technologies. In addition, the Medical Products business provides products and services to treat end-stage renal disease, or irreversible kidney failure. Baxter International was founded in 1931 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 7 of 7
Sector: Medical Products M&A 2 of 2
Type: Divestiture M&A Deals 6 of 6
State: Illinois M&A 4 of 4
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Simtra BioPharma Solutions

Deerfield, Illinois, United States

Simtra BioPharma Solutions partners with pharmaceutical companies to support their commercialization objectives by providing scientific expertise, sterile contract manufacturing solutions, parenteral delivery systems, and customized support services needed to meet the unique challenges that parenteral products face. Simtra BioPharma Solutions is based in Deerfield, Illinois.

Sell $4.3B