Deals
Healthtech M&A activity saw an increase in the first half of 2019 with a healthy 100 deals inked (11 per cent more than in 2H 2018) and around USD8.3 billion in disclosed transaction value throughout the period, according to Hampleton Partners’ atest global Healthtech M&A Market Report.
Trailing 30-month median valuation multiples reached the highest levels in years, with EV/EBITDA climbing to 17.7x after the low of 13.7x in 2H 2018, and EV/S reaching 3.4x – a new record for healthtech.
Jonathan Simnett, director and healthtech specialist, Hampleton Partners, says: “M&A activity in the healthtech sector underlines a pressing
Avista Capital Partners (Avista), a private equity firm focused on growth-oriented healthcare businesses, has acquired GCM Holding Corporation (GCM) from May River.
Based in Silicon Valley, GCM is a leading outsourced manufacturer of high-precision components and assemblies, providing an integrated platform of manufacturing solutions primarily for the MedTech industry, as well as select Diversified Industrial end markets. Within MedTech, the Company manufactures products for high-growth segments such as robotic assisted surgery, radiotherapy, diagnostic technology, and other vital equipment.
GCM maintains strong and long-tenured relationships with many market-leading OEMs who value the Company’s strong capabilities in highly engineered and difficult
Investcorp, a global provider and manager of alternative investment products, has finalised its acquisition of a majority interest in CM Investment Partners (CMIP), which acts as the investment adviser to Investcorp Credit Management BDC, (formerly known as CM Finance Inc).
The transaction was first announced in June 2019. Investcorp Credit Management BDC, a specialty finance company that has elected to be regulated as a business development company (BDC), invests primarily in the debt of US middle-market companies. Additional terms of the transaction have not been disclosed.
Under the deal, CMIP will form part of Investcorp’s Credit Management (ICM) business,
Mesirow Financial has acted as the exclusive financial advisor to Vanguard Packaging, Advanced Logistics & Fulfillment (ALF) and Great Plains Packaging (collectively Vanguard) on its investment from Dunes Point Capital.
Headquartered in Kansas City, Missouri, Vanguard is an independently owned and operated manufacturer of high-graphic corrugated displays, retail-ready packaging, industrial packaging products as well as related fulfilllment and logistics services. Vanguard is a customer-centric company that provides a comprehensive one-stop solution. The company emphasises responsiveness, innovation, and the delivery of high-quality products and services through the use of sustainable business practices, establishing the Company as one of the most sustainable
European companies raised a record-breaking EUR10.6 billion of venture capital during the first six months of 2019 according to analysis by Refinitiv.
The total raised, during the first six months of 2019 (H1 2019), marked an increase of 61 per cent year on year. Despite the record-breaking deal values in the period, deal volumes continued to decline as only 683 rounds were completed in the first half. This is down 7 per cent from H1 2018 and marked the slowest start to a year since 2009.
Greg Bauman, Manager, Private Equity Contributions at Refinitiv, says: “We’re seeing firms raising
Private equity firm The Riverside Company has sold Health & Safety Institute (HSI), an environmental, health and safety (EHS) compliance and training platform, to Waud Capital Partners.
Based in Eugene, Oregon, HSI is a premier EHS compliance and training platform that enables organisations of all sizes to make their workplaces and communities safer, while reducing both financial and reputational risk and ensuring compliance in an increasingly complex regulatory environment.
“It has been a pleasure partnering with the HSI team these past four years,” says Riverside Managing Partner Suzy Kriscunas. “We are proud of the work we’ve accomplished with HSI management
An affiliate of HIG Capital (HIG) has completed the acquisition of Nadir Figueiredo Indústria e Comércio (Nadir), the largest glass tableware producer in Brazil and the sixth largest in the world. The transaction value was approximately BRL1 billion.
Founded in 1912 in the state of São Paulo, Nadir has a complete product portfolio of more than 2,000 SKUs, reaching approximately 1,200 customers in the retail as well as commercial food and beverage industries, both in Brazil as well as in 67 other countries. The Company built a 107-year success story in Brazil as a result of its high-quality products and
Invenio Business Solutions, a provider of business-focused technology solutions and consulting services, has acquired Proverbium, a Bangalore-based logistics consultancy.
Proverbium is a specialist in the Enterprise Warehouse Management space, with a focus on SAP-EWM. Headquartered in Bengaluru, India, it was founded by Amith Cheriyan and Reji Cheriyan, who will stay with the business, joining Invenio’s Digital Supply Chain and Logistics business unit.
This is a strategic acquisition for Invenio, part of the company’s goal to expand on their Digital Supply Chain Solutions portfolio, both for new and existing customers. This follows an GBP11.6 million investment earlier this year from
OpenGov, a specialist in enterprise cloud solutions for government, has raised USD51 million in a Series D financing round led by experienced GovTech investors Weatherford Capital and 8VC, with participation from existing investor Andreessen Horowitz.
With this new round of funding, OpenGov has now raised more than USD140 million from Andreessen Horowitz, 8VC, JC2 Ventures, Emerson Collective, and other top investors since its founding in 2012. The latest financing will be used to fuel OpenGov’s growth as the company continues to develop and go to market with best-in-class technology, including end-to-end budgeting, performance, communications, and reporting solutions for government.
“OpenGov’s
Octopus Investments’ Development Capital team has provided growth funding to Fuse Universal (Fuse), a provider of next generation learning technology for the workplace. Octopus Investments joins existing investors, Eight Road Ventures and Education Growth Partners, in supporting the company through its next stage of growth.
Fuse’s learning platform allows enterprises to create, curate and share relevant internal and external content among employees to facilitate seamless learning, “peer to peer” knowledge sharing and effective internal communication. Fuse is currently used by over 120 enterprise customers including Adidas, Avon, InterContinental Hotels Group, Merck, Spotify and Vodafone. Typical use cases include training new
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