Deals in Focus

Deals in Focus | Life Science November Edition
5th December 2019 Atheneum Team
5th December 2019

Key Atheneum Experts

Former Executive VP & Chief Health Officer – Staywell
Former Sr. VP – Staywell
Interim Chief Product Officer – WebMD

Key Information

Health, Wellness & Fitness
HQ – US
Operations – US

Vestar Capital Partners has engaged Piper Jaffray & Co. to evaluate a sale of it’s stake in a provider of patient education and population health management service. The company is projecting $33 million in earnings and $127 million in revenue in 2019. The stake is purported to be in the $50m – $60m range.

Key Atheneum Experts

Former M & A Director – Coty
Former CFO – L’Oreal
Director – Revlon

Key Information

Cosmetics
HQ – US
Operations – Global

Coty has appointed Credit Suisse to execute the sale of several core brands. Key sources have reported that the sale is seeking a valuation of $6bn – $7bn. Several multinational conglomerates and PE firms have expressed interest in the deal.

Key Atheneum Experts

Former Director – PatientPoint
Director, US Advocacy Relations – Bayer
Chief Medical Officer – Healthwise

Key Information

Marketing & Advertising
HQ – US
Operations – US

L Catterton is seeking to unload the patient engagement solutions center several years into their initial investment. Sources close to the deal have highlighted Mistral Equity as a leading bidder. The deal is reportedly seeking around $500m.

Key Atheneum Experts

Regional Sales Manager – Intelerad Medical Systems
Former Director Sales & Marketing – Carestream
Clinical Applications Specialist – Sectra
Cluster Manager – Carestream

Key Information

Medical Device
HQ – US
Operations – Global

Novacap backed medical imaging software company is pursuing a sale. The company has sustained exponential growth in a burgeoning digital health landscape. The deal is seeking a valuation north of $250m.

Key Atheneum Experts

Vice President – Coast Dental
Director of Sales & Marketing – West Coast Dental Labs

Key Information

Hospital & Health Care
HQ – US
Operations – US

San Franscisco’s Gryphon Investors is reportedly seeking a buyer for it’s dental support organization. The deal is reportedly seeking between $500m – $750m. The deal represents an interesting opportunity in a consolidating denta care market.