M&A Deal Summary

Valleylab Acquires Vivant Medical

On July 5, 2005, Valleylab acquired information technology company Vivant Medical from Adams Street Partners and Three Arch Partners for 66M USD

Acquisition Highlights
  • This is Valleylab’s 1st transaction in the Information Technology sector.
  • This is Valleylab’s largest (disclosed) transaction.
  • This is Valleylab’s 1st transaction in the United States.
  • This is Valleylab’s 1st transaction in California.

M&A Deal Summary
Date 2005-07-05
Target Vivant Medical
Sector Information Technology
Buyer(s) Valleylab
Sellers(s) Adams Street Partners
Three Arch Partners
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

Vivant Medical

Mountain View, California, United States
website
Vivant Medical, Inc. is a developer of novel and proprietary microwave ablation technology for the minimally invasive ablation of soft tissue.

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Buyer(S) 1

Buyer

Valleylab

Boulder, Colorado, United States
Category Company
Founded 1967
Sector Information Technology
DESCRIPTION

Valleylab, Inc. offers interventional radiologists, surgeons and cancer patients the most comprehensive portfolio of technology and therapies to improve clinical outcomes.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1972
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.

DEAL STATS #
Overall 11 of 95
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 6 of 51
State (California) 7 of 41
Country (United States) 11 of 87
Year (2005) 1 of 4
Size (of disclosed) 17 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-14 Aesthera

Pleasanton, California, United States

Aesthera Corp. is a developer, manufacturer and marketer light-based aesthetic treatment systems based on proprietary photopneumatic technology that is more effective than currently available methods for hair removal, skin rejuvenation and treatment of vascular and pigmented lesions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-12 Light Sciences Oncology

Bellevue, Washington, United States

Light Sciences Oncology has developed an innovative, practical, targeted therapy that can destroy previously untreatable tumors. Its therapeutic platform combines the best-in-class light-activated drug and novel light generation devices to destroy tumors from the inside out.

Buy -
SELLER

Three Arch Partners

San Mateo, California, United States

website

Category Private Equity Firm
Founded 1993
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Three Arch Partners is an investor in healthcare companies, including medical devices, diagnostics, and healthcare services. Three Arch primarily invests in early stage companies, however the Firm will consider select later stage investments. Three Arch typically invests alongside others and looks to commit $100k to $15 million per investment. Three Arch Partners was formed in 1993 and is based in San Mateo, California.

DEAL STATS #
Overall 4 of 24
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 2 of 16
State (California) 2 of 17
Country (United States) 4 of 24
Year (2005) 1 of 1
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 AccentCare

Dallas, Texas, United States

AccentCare is a provider of post-acute healthcare, with partnerships and care models covering the full continuum from personal, non-medical care to skilled nursing, rehabilitation, hospice, and care management. AccentCare was founded in 1999 and is headquartered in Dallas, Texas.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-09 Vascular Control Systems

San Juan Capistrano, California, United States

Vascular Control Systems, Inc. a privately held company focused on developing medical devices to treat fibroids and to control bleeding in obstetric and gynecologic applications.

Sell -
Mergr

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