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New Deal


Announced

Colfax acquired DJO Global from Blackstone for $3.15bn.

Financials

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Transaction Value£2,453m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

Single Bidder

Medical Equipment

Private

medical devices

Friendly

United States

Private Equity

Synopsis

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Colfax Corporation, a leading diversified technology company, acquired DJO Global, a global leader in orthopedic solutions, providing orthopedic devices, software and services spanning the full continuum of patient care, from injury prevention to rehabilitation. Colfax expects to finance the transaction with approximately $100m of cash from its balance sheet, proceeds from credit facilities and a contemplated debt offering, and $500 to $700m from a contemplated offering of equity or equity-linked securities. “The acquisition of DJO is a compelling next step in the strategic evolution of Colfax that creates a new growth platform in the high-margin orthopedic solutions market,” said Matt Trerotola, President and Chief Executive Officer of Colfax. “As a clear market leader in bracing and rehabilitation systems – with a track record of innovative new products, globally recognized brands, and a diverse product portfolio – DJO is well-positioned to benefit from secular trends driven by changing demographics and increased preventive healthcare. This transaction reflects our strategic intent to diversify our portfolio and end-market exposure, reduce cyclicality, and increase profitability. We see significant opportunities to apply our proven Colfax Business System across DJO to create a continuous improvement culture, further improve productivity and margins, and accelerate innovation and new product development.”

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