M&A Deal Summary

Varian Acquires Cota

On November 10, 2020, Varian acquired information technology company Cota from Boston Millennia Partners and EW Healthcare Partners

Acquisition Highlights
  • This is Varian’s 1st transaction in the Information Technology sector.
  • This is Varian’s 1st transaction in the United States.
  • This is Varian’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-11-10
Target Cota
Sector Information Technology
Buyer(s) Varian
Sellers(s) Boston Millennia Partners
EW Healthcare Partners
Deal Type Add-on Acquisition

Target

Cota

New York, New Jersey, United States
Cota, Inc. is a provider of health care informatics and precision analytics company that builds research-grade, real-world data to exponentially improve outcomes, reduce cost and ensure the right care for the right patient every time. Cota was founded in 2011 and is based in New York City.

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Buyer(S) 1

Buyer

Varian

Santa Clara, California, United States

Category Company
Sector Test/Measurement Equipment
Employees3,600
DESCRIPTION

Varian, Inc. is a worldwide supplier of scientific instruments and vacuum technologies for life science, environmental, energy, and applied research and other applications. The company provides solutions, including instruments, vacuum products, laboratory consumable supplies, software, training and support through its global distribution and support systems. Varian, Inc. employs approximately 3,600 people worldwide and operates manufacturing facilities in North America, Europe and Asia Pacific.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 Cooperative CL Enterprises

Taiwan

Cooperative CL Enterprises is a distributor of radiotherapy equipment.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Boston Millenia Partners is a growth capital investment firm focused rapidly growing business services and healthcare companies. The Firm generally looks to invest $3 to $10 million in companies at or near profitability with $3 to $30 million in sales. Boston Millenia's geographic preference is for opportunities in the Eastern half of the US. Boston Millenia Partners was formed in 1984 and has a single office in Boston.


DEAL STATS #
Overall 12 of 15
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 10
State: New Jersey M&A 1 of 2
Country: United States M&A 12 of 15
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Reveleer

Glendale, California, United States

Reveleer is a healthcare software and services company that enables payers to independently execute and manage every aspect of provider outreach, retrieval, coding, abstraction, and reporting. Reveleer is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Avhana Health

Baltimore, Maryland, United States

Avhana Health, Inc. is a developer of a clinical decision support platform. Avhana Health was founded in 2014 and is based in Baltimore, Maryland.

Sell -
SELLER

EW Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Essex Woodlands Health Ventures is a growth equity and venture capital specialist investment firm focused on opportunities across the healthcare sector. Specific areas of interest include biotechnology, pharmaceuticals, medical devices, and healthcare services/IT. Historically, Essex invested primarily in early and later-stage situations; however, today the firm also makes growth capital investments between $20 - $60 million in companies valued between $50 - $250 million, as well as private investments in public entities (PIPEs). Essex Woodlands was formed in 1985 and offices in Palo Alto, California; New York City; Houston, Texas; Shanghai and London.


DEAL STATS #
Overall 50 of 53
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 32 of 34
State: New Jersey M&A 4 of 4
Country: United States M&A 43 of 46
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 MiMedx

Marietta, Georgia, United States

MiMedx is an advanced wound care and an emerging therapeutic biologics company developing and distributing human placental tissue allografts with patent-protected processes for multiple sectors of healthcare. The Company processes the human placental tissue utilizing its proprietary PURION process methodology, among other processes, to produce allografts by employing aseptic processing techniques in addition to terminal sterilization. MiMedx was formed in 2006 and is based in Marietta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Bioventus

Durham, North Carolina, United States

Bioventus provides clinical and cost-effective therapies and diagnostics to help patients regain active lifestyles. The company's innovative products include bone stimulation devices and osteoarthritis joint fluid therapies. Bioventus was incorporated in 2011 and is based in Durham, North Carolina.

Sell -