M&A Deal Summary |
|
|---|---|
| Date | 2014-04-24 |
| Target | Biomet |
| Sector | Medical Products |
| Buyer(s) | Zimmer Biomet Holdings |
| Sellers(s) |
KKR
The Blackstone Group Pamlico Capital TPG Goldman Sachs Merchant Banking |
| Deal Type | Add-on Acquisition |
| Deal Value | 13.4B USD |
| Advisor(s) | BofA Securities Goldman Sachs (Financial) Cleary Gottlieb Steen & Hamilton (Legal) |
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| Category | Company |
|---|---|
| Founded | 1927 |
| Sector | Medical Products |
| Employees | 20,000 |
| Revenue | 7.0B USD (2020) |
Zimmer Biomet Holdings is a designer, developer, manufacturer of orthopaedic reconstructive, spinal and trauma devices, dental implants, and related orthopaedic surgical products. Zimmer Biomet Holdings was founded in 1927 and is based in Warsaw, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 24 |
| Sector (Medical Products) | 10 of 16 |
| Type (Add-on Acquisition) | 12 of 21 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 8 of 16 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-01 |
Lanx
Broomfield, Colorado, United States Lanx is a medical device company that develops and markets innovative surgical implants and biological products for use in spinal surgery. Lanx was founded in 2003 and is based in Broomfield, Colorado. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-01 |
ETEX Holdings
Cambridge, Massachusetts, United States ETEX Holdings, Inc. is a provider of bioresorbable bone substitute materials. ETEX develops, manufactures and commercializes calcium phosphate-based biomaterials for improved orthopedic clinical outcomes. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 53 of 173 |
| Sector (Medical Products) | 1 of 4 |
| Type (Add-on Acquisition) | 17 of 61 |
| State (Indiana) | 2 of 2 |
| Country (United States) | 26 of 81 |
| Year (2014) | 7 of 17 |
| Size (of disclosed) | 1 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-21 |
Sunrise Senior Living
McLean, Virginia, United States Sunrise Senior Living, Inc. offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-29 |
Energy Future Holdings
Dallas, Texas, United States Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 84 of 170 |
| Sector (Medical Products) | 2 of 3 |
| Type (Add-on Acquisition) | 31 of 66 |
| State (Indiana) | 2 of 3 |
| Country (United States) | 57 of 102 |
| Year (2014) | 1 of 7 |
| Size (of disclosed) | 3 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-27 |
Global Water Development Partners
New York, New York, United States Global Water Development Partners is a water-investment and development platform owned by Blackstone on behalf of its investors. Global Water Development Partners is based in New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-02 |
Cloud Theory
New York, New York, United States Cloud Theory is a technology firm specializing in cloud-based client-facing solutions, with significant expertise in financial services. Cloud Theory provides enterprise level consulting and delivery services in the following areas: develop strategic roadmaps, optimize business processes, engineer custom Salesforce-based solutions and provide ongoing managed services to support the full lifecycle of a firm’s interaction with their clients. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 61 |
| Sector (Medical Products) | 3 of 3 |
| Type (Add-on Acquisition) | 14 of 32 |
| State (Indiana) | 1 of 2 |
| Country (United States) | 30 of 59 |
| Year (2014) | 3 of 5 |
| Size (of disclosed) | 1 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-17 |
Grupo Corporativo ONO S.A.
Madrid, Spain Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks. |
Sell | €7.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-22 |
DayNine Consulting
Pleasanton, California, United States DayNine Consulting, Inc. is a workday consulting and implementation partner, assisting enterprise clients with the deployment and optimization of the Workday human capital management, payroll, financial management, and recruiting SaaS solutions. DayNine serves clients across a wide range of industries including consumer goods, healthcare providers, pharmaceuticals, financial services, and communications, media and technology. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 124 of 245 |
| Sector (Medical Products) | 7 of 10 |
| Type (Add-on Acquisition) | 50 of 89 |
| State (Indiana) | 3 of 3 |
| Country (United States) | 91 of 182 |
| Year (2014) | 9 of 20 |
| Size (of disclosed) | 2 of 71 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-17 |
Sabre
Southlake, Texas, United States Sabre is a technology software provider to the travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre was formed in 2006 and is based in Southlake, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-29 |
Energy Future Holdings
Dallas, Texas, United States Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 108 |
| Sector (Medical Products) | 3 of 3 |
| Type (Add-on Acquisition) | 12 of 36 |
| State (Indiana) | 2 of 2 |
| Country (United States) | 36 of 77 |
| Year (2014) | 4 of 10 |
| Size (of disclosed) | 2 of 31 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-17 |
Michael Foods
Minnetonka, Minnesota, United States Michael Foods is a producer of value-added food products and service solutions to customers across the foodservice, retail and food ingredient channels. It holds market positions in attractive categories including value-added egg products, refrigerated potato products and cheese and other dairy case products. |
Sell | $2.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-29 |
Energy Future Holdings
Dallas, Texas, United States Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets. |
Sell | - |
