Privately held Acelity may go public again, according to news reports this week. London-based Apax Partners and a pair of Canadian pension funds acquired wound-care company Kinetic Concepts Inc. (now Acelity) for $6.1 billion in a leveraged buyout in 2011. Apax is now mulling an initial public offering for Acelity by mid-2019, Bloomberg and the […]
Apax Partners
Apax Partners-backed Co acquires India’s Healthium MedTech
Apax Partners said today that Quinag Acquisition, which is backed by funds advised by Apax, inked a deal to acquire India’s Healthium MedTech Private Limited, formerly known as Sutures India, in a deal worth approximately $350 million. A controlling stake in the company was acquired from existing shareholders TPG Growth, CX Partners and its founding […]
BD to divest stake in Vyaire Medical to Apax Partners in $435m deal
Becton Dickinson (NYSE:BDX) said today it agreed to divest itself of its minority stake in respiratory solutions joint venture Vyaire Medical to joint manager Apax Partners in a deal worth $435 million. The sale will put Vyaire Medical, which Apax and BD formed in 2016 around BD’s ventilation, respiratory diagnostics, vital signs and AirLife businesses, under direct control […]
Go-shop ends in Syneron sale to PE firm Apax Partners
Syneron (NSDQ:ELOS) said today that the 37-day “go-shop” period for its $397 million acquisition by private equity firm Apax Partners has ended without another rival emerging. Syneron said that during the “go-shop” period, it solicited 59 potential buyers, with 2 potential bidders negotiating and entering into a confidentiality agreement with Syneron. However, the company said it […]
UPDATE: Apax inks $397m deal to acquire Syneron Medical
UPDATE: Updated to include newly obtained information on the deal from Syneron Medical Syneron (NSDQ:ELOS) said today it inked an agreement to be acquired by private equity fund Apax Partners for approximately $397 million. Through the deal, Apax Partners will pay $11 per share for all outstanding shares of Israeli aesthetic device developer Syneron. Syneron, and its Candela […]
BD, Apax Partners close Vyaire respiratory JV deal, tap ex-Tornier chief Mowry for CEO
Becton Dickinson & Co. (NYSE:BDX) said today it finalized the launch of a respiratory solutions joint venture with Apax Partners under the Vyaire Medical brand. The deal, which the companies announced in March, will put a controlling 50.1% of BD’s respiratory solutions business under the control of the private equity shop, and put former Tornier (NSDQ:TRNX) chief exec […]
Becton Dickinson deals controlling half of respiratory business to Apax Partners
Becton Dickinson & Co. (NYSE:BDX) said today that it inked a deal to sell a 50.1% stake in its respiratory business to private equity giant Apax Partners for an undisclosed amount, forming a joint venture to operate the unit as a stand-alone company. The new entity will take BD’s ventilation, respiratory diagnostics, vital signs and AirLife businesses on […]
Ex-trader loses bid to dismiss insider trading case
Sean Stewart, a former executive with JP Morgan and Perella Weinberg Partners who is accused of insider trading based on his work on several medical device transactions, lost his bid to have criminal charges dismissed from a federal court in New York. Federal prosecutors in May 2015 charged Stewart, his father Robert Stewart and a 3rd […]
ConMed ripe for M&A | The week in medtech M&A
Analyst: ConMed ripe for M&A spree May 19, 2015 by Fink Densford ConMed, in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter. Newitter, who upgraded CNMD shares to “outperform” and boosted the price target to $64 from $60, wrote in […]
Feds charge ex-JP Morgan exec, father in medtech insider trading scheme
Federal prosecutors in New York this week charged a father-and-son team with insider trading connected with a spate of mergers in the medical device arena.
