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  6. Zimmer Biomet Acquires Implex

M&A Deal Summary

Zimmer Biomet Acquires Implex

On March 4, 2004, Zimmer Biomet acquired medical products company Implex from MVP Capital Partners for 89M USD

Acquisition Highlights
  • This is Zimmer Biomet’s 1st transaction in the Medical Products sector.
  • This is Zimmer Biomet’s 6th largest (disclosed) transaction.
  • This is Zimmer Biomet’s 1st transaction in the United States.
  • This is Zimmer Biomet’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2004-03-04
Target Implex
Sector Medical Products
Buyer(s) Zimmer Biomet
Sellers(s) MVP Capital Partners
Deal Type Add-on Acquisition
Deal Value 89M USD

Target

Implex

Allendale, New Jersey, United States
Implex Corp. is a privately held company founded in 1991 with a focus on bringing a new technology, Hedrocel biomaterial, to address clinical issues. Hedrocel biomaterial is an open cell, tantalum metal structure that approximates the appearance of human cancellous bone. The ability of the biomaterial to be readily formed or machined allows it to be incorporated in a wide variety of implant designs. Because of its highly porous structure and material properties, bone can grow into Hedrocel biomaterial, forming a strong bond and potentially eliminating one of the pathways for particulate wear debris in the joint. Because Hedrocel biomaterial also can be manufactured to closely mimic the flexibility of natural bone, the risk of bone loss that can occur with stiffer implants through a process known as "stress shielding" may be minimized. Implex designs and manufactures reconstructive, spine and sports medicine orthopaedic implants.

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Buyer(S) 1

Buyer

Zimmer Biomet

Warsaw, Indiana, United States
Category Company
Founded 1927
Sector Medical Products
Employees17,000
Revenue 7.7B USD (2024)
DESCRIPTION

Zimmer Biomet is a designer, developer, and manufacturer of orthopedic reconstructive, spinal, and trauma devices, dental implants, and related orthopedic surgical products. Zimmer Biomet was founded in 1927 and is based in Warsaw, Indiana.

DEAL STATS #
Overall 1 of 26
Sector (Medical Products) 1 of 18
Type (Add-on Acquisition) 1 of 23
State (New Jersey) 1 of 3
Country (United States) 1 of 18
Year (2004) 1 of 2
Size (of disclosed) 6 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-04 Centerpulse AG

Zurich, Switzerland

Centerpulse AG is a medical technology group, serves the reconstructive orthopedic device, spinal device, and dental implant markets on a global basis.

Buy -

Seller(S) 1

SELLER

MVP Capital Partners

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

MVP Capital Partners is a private equity firm focuses on investing in middle market companies with $10-100 million in revenues through buyouts, recapitalizations and expansion capital financing and providing growth capital investments in later stage businesses as well as equity financing to support acquisitions and recapitalization. MVP generally looks at US-based companies valued up to $100 million. Target sectors include aviation, business/financial services, healthcare, niche manufacturing, publishing/media, and specialty retail/consumer. MVP Capital Partners was formed in 1987 and is located in Radnor, Pennsylvania.

DEAL STATS #
Overall 5 of 13
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (New Jersey) 1 of 3
Country (United States) 5 of 13
Year (2004) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-17 Keystone Helicopter Holdings

Coatesville, Pennsylvania, United States

Keystone is one of the oldest commercial helicopter service providers in the eastern US. The Company's offerings include flight, technical and engineering services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-06 Global Medical Response

Greenwood Village, Colorado, United States

Global Medical Response is a provider of medical transportation services formed by bringing together Air Medical Group Holdings (AMGH) and American Medical Response (AMR). Global Medical Response was founded in 2004 and is based in Greenwood Village, Colorado.

Buy -
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