M&A Deal Summary

Trinity Biotech Acquires IMMCO Diagnostics

On August 23, 2013, Trinity Biotech acquired medical products company IMMCO Diagnostics from Summit Partners for 33M USD

Acquisition Highlights
  • This is Trinity Biotech’s 2nd transaction in the Medical Products sector.
  • This is Trinity Biotech’s largest (disclosed) transaction.
  • This is Trinity Biotech’s 2nd transaction in the United States.
  • This is Trinity Biotech’s 1st transaction in New York.

M&A Deal Summary
Date 2013-08-23
Target IMMCO Diagnostics
Sector Medical Products
Buyer(s) Trinity Biotech
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

IMMCO Diagnostics

Buffalo, New York, United States
IMMCO Diagnostics provides high-quality diagnostic test kits and lab testing services worldwide for the screening of autoimmune disorders.

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Buyer(S) 1

Buyer

Trinity Biotech

Bray, Ireland
Category Company
Founded 1992
Sector Healthcare Services
Employees380
Revenue 57M USD (2023)
DESCRIPTION

Trinity Biotech is an entity acquires, develops, manufactures, and markets medical diagnostic products for the clinical laboratory and point-of-care (POC) segments of the diagnostic market. Trinity Biotech was founded in 1992 and is based in Bray, Ireland.

DEAL STATS #
Overall 3 of 9
Sector (Medical Products) 2 of 3
Type (Add-on Acquisition) 3 of 6
State (New York) 1 of 1
Country (United States) 2 of 4
Year (2013) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Fiomi Diagnostics AB

Uppsala, Sweden

Fiomi Diagnostics AB develops a panel of point-of-care cardiac marker assays based on technology.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 Benen Trading

Bray, United Kingdom

Benen Trading is a provider of chemicals to life science industry. Benen Trading is based in Bray, United Kingdom.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 168 of 285
Sector (Medical Products) 6 of 8
Type (Add-on Acquisition) 77 of 127
State (New York) 6 of 12
Country (United States) 160 of 246
Year (2013) 6 of 12
Size (of disclosed) 48 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-20 Florida Gaming Centers

Miami, Florida, United States

Florida Gaming Centers operates jai-alai frontons that feature casino gaming, live and simulcast jai-alai competition, and inter-track pari-mutuel wagering.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Actix

London, United Kingdom

Actix Limited is the international leader in wireless performance engineering software. Actix helps wireless operators squeeze more out of existing network investments and generate new revenue from wireless data services.

Sell $120M
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