M&A Deal Summary

TPG Acquires BVI Medical

On July 18, 2016, private equity firm TPG acquired medical products company BVI Medical from RoundTable Healthcare Management

Acquisition Highlights
  • This is TPG’s 12th transaction in the Medical Products sector.
  • This is TPG’s 180th transaction in the United States.
  • This is TPG’s 10th transaction in Massachusetts.

M&A Deal Summary
Date 2016-07-18
Target BVI Medical
Sector Medical Products
Buyer(s) TPG
Sellers(s) RoundTable Healthcare Management
Deal Type Secondary Buyout

Target

BVI Medical

Waltham, Massachusetts, United States
BVI Medical is a global developer, manufacturer, and marketer of specialized surgical devices for ophthalmic procedures. BVI Medical was founded in 1965 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 265 of 421
Sector (Medical Products) 12 of 14
Type (Secondary Buyout) 28 of 72
State (Massachusetts) 10 of 12
Country (United States) 180 of 276
Year (2016) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 Progyny

New York, New York, United States

Progyny provides fertility patients with access to high-quality doctors who offer transparent pricing options, clinical expertise, and proprietary clinical solutions. Progyny was incorporated in 2008 and is headquartered in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Motherhood

Bangalore, India

Motherhood is a specialized healthcare service provider offering high-end Maternity Care and Infant Care under the brand name of "Motherhood" and Infertility treatment under the brand name of "Parenthood". Motherhood is based in Bangalore, India.

Buy $33M

Seller(S) 1

SELLER

RoundTable Healthcare Management

Lake Forest, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.9B USD
Size Large
Type Sector Focused
DESCRIPTION

RoundTable Healthcare Partners is a specialist private equity firm that targets equity and junior capital investments in the healthcare industry. Specific areas of interest include medical devices, medical products and disposables, specialty pharmaceuticals, medication delivery systems, specialty distribution, and outsourced healthcare services. RoundTable typically makes equity investments of approximately $5 to $50 million in platform companies with revenues ranging from $25 to $300 million. RoundTable will not invest in service-oriented provider segments (such as managed care companies, hospitals or nursing homes), internet or biotechnology companies, or start-up/venture situations. RoundTable was formed in 2001 and is based in Lake Forest, Illinois.

DEAL STATS #
Overall 14 of 22
Sector (Medical Products) 9 of 13
Type (Secondary Buyout) 3 of 7
State (Massachusetts) 2 of 2
Country (United States) 13 of 21
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Symmetry Surgical

Nashville, Tennessee, United States

Symmetry Surgical is a developer of high-quality surgical instruments that respond to clinicians’ needs as they arise, making a real difference in the lives of patients. Symmetry Surgical was founded in 1976 and is based in Nashville, Tennessee.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Revision Skincare

Irving, Texas, United States

Revision Skincare providess dermatologists, plastic surgeons, and medical spas with clinically-proven, high-performing skincare products. Using only premium quality ingredients, the Revision Skincare collection was formulated to provide targeted solutions for enhancing skin’s appearance and reducing signs of aging. Revision Skincare is based in Irving, Texas.

Buy -
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