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New Deal


Announced

Completed

Gyrus Capital completed the acquisition of the heart valve business of LivaNova for $73m.

Financials

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Transaction Value£51m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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neuromodulation

Acquisition

Single Bidder

Friendly

cardiac surgery

Private Equity

healthcare solutions

United Kingdom

Cross Border

Medical Services

Private

Majority

Completed

Synopsis

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Gyrus Capital, a healthcare sector-focused private equity firm, completed the acquisition of the heart valve business of LivaNova, a healthcare solutions provider, for $73m. “The completion of the HV sale to Gyrus Capital allows LivaNova to optimize its portfolio and sharpen its focus on cardiovascular and neuromodulation, our two areas of excellence. We are now better positioned to accelerate growth in our core, dedicate resources toward executing promising pipeline opportunities, and enhance our operational excellence to best serve our patients and deliver maximum value to shareholders,” Damien McDonald, LivaNova Chief Executive Officer.

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