M&A Deal Summary

The Gores Group Acquires Therakos

On January 2, 2013, private equity firm The Gores Group acquired medical products company Therakos from Ortho Clinical Diagnostics

Acquisition Highlights
  • This is The Gores Group’s 1st transaction in the Medical Products sector.
  • This is The Gores Group’s 51st transaction in the United States.
  • This is The Gores Group’s 1st transaction in Pennsylvania.
Investment Fate
  • Therakos was sold to a publicly-traded strategic buyer in 2015 for 1.3B USD.
  • Therakos was divested to a consortium of buyers in 2024 for 925M USD.

M&A Deal Summary

Date 2013-01-02
Target Therakos
Sector Medical Products
Buyer(s) The Gores Group
Sellers(s) Ortho Clinical Diagnostics
Deal Type Divestiture

Target

Therakos

West Chester, Pennsylvania, United States
Therakos is a fully integrated extracorporeal photopheresis (ECP) delivery system for autologous immunomodulatory therapy. Therakos is based in West Chester, Pennsylvania.

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Buyer(S) 1

Buyer

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 59 of 74
Sector: Medical Products M&A 1 of 2
Type: Divestiture M&A Deals 27 of 36
State: Pennsylvania M&A 1 of 3
Country: United States M&A 51 of 61
Year: 2013 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-14 United Road Services

Romulus, Michigan, United States

United Road Services is a provider of vehicle transport and logistics in North America. United Road serves 10,000-plus diverse customers including manufacturers, retailers, finance and leasing companies, rental agencies, auctions, web-based logistics firms and individuals transporting millions of new, remarketed and specialty vehicles annually. United Road Services was founded in 1998 and is based in Romulus, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-04 GatesAir

Mason, Ohio, United States

GatesAir provides complete solutions for over-the-air radio and television broadcasting, leveraging wireless spectrum to maximize performance for multichannel, mission-critical services. Powering over-the-air networks worldwide with unparalleled reliability for 100 years, the company's turnkey solutions enable broadcasters to create, transport, and transmit radio and TV content. With customers in more than 185 countries, it leads the industry in innovation and design breakthroughs, improving efficiency and reducing the total cost of ownership with all products designed and assembled in the USA. GatesAir was formed in 1922 and is based in Mason, Ohio.

Buy -

Seller(S) 1

SELLER

Ortho Clinical Diagnostics

Raritan, New Jersey, United States

Category Company
Founded 1939
Sector Medical Products
Employees4,700
Revenue 1.8B USD (2020)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Eastman Kodak - Diagnostics Products Division

Rochester, New York, United States

Eastman Kodak - Diagnostics Products Division is a producer of machines that can run hundreds of chemical tests an hour.

Buy -