M&A Deal Summary

Wright Medical Group N.V. Acquires Cartiva

On August 27, 2018, Wright Medical Group N.V. acquired medical products company Cartiva for 435M USD

Acquisition Highlights
  • This is Wright Medical Group N.V.’s 4th transaction in the Medical Products sector.
  • This is Wright Medical Group N.V.’s largest (disclosed) transaction.
  • This is Wright Medical Group N.V.’s 5th transaction in the United States.
  • This is Wright Medical Group N.V.’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-08-27
Target Cartiva
Sector Medical Products
Buyer(s) Wright Medical Group N.V.
Deal Type Add-on Acquisition
Deal Value 435M USD
Advisor(s) Guggenheim Securities (Financial)
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP (Legal)

Target

Cartiva

Alpharetta, Georgia, United States
website
Cartiva, Inc. is a privately-held orthopaedic medical device company dedicated to improving the quality of life of patients with osteoarthritis, cartilage damage and other musculoskeletal conditions. Based in Alpharetta, Georgia, Cartiva’s lead product, a unique synthetic cartilage implant, received U.S. Premarket Approval (PMA) in July 2016 for its initial indication, osteoarthritis at the base of the great toe.

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Buyer(S) 1

Buyer

Wright Medical Group N.V.

Amsterdam, Netherlands

website

Category Company
Founded 1950
Sector Medical Products
Employees2,894
Revenue 836M USD (2018)
DESCRIPTION

Wright Medical Group N.V. is a medical device company focused on extremities and biologics. Wright Medical Group was founded in 1950 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 6 of 6
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (Georgia) 1 of 1
Country (United States) 5 of 5
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 IMASCAP SAS

Plouzané, France

IMASCAP SAS is a developer of software for preoperative planning of shoulder replacement surgery. IMASCAP software system allows orthopaedic surgeons complete independence for planning, with nothing more than image data provided by CT scan of the patient. IMASCAP SAS was established in 2009 and is based in Plouzané, France.

Buy $89M
Mergr

Product

Company

Legal