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Announced

Carlyle and GTCR-backed Resonetics to acquire medical nitinol business from SAES for $900m.

Financials

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Transaction Value£743m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Electronic Components and Equipment

Majority

Acquisition

Domestic

electronic components

Private

Pending

Single Bidder

Private Equity

Friendly

United States

Synopsis

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Carlyle and GTCR-backed Resonetics, an engineering, product development, prototyping, and manufacturing solutions provider, to acquire medical nitinol business from SAES, an electronic component manufacturing company, for $900m. "We are excited to support the Resonetics management team as it executes on a high growth strategy to bolster its platform of differentiated capabilities to better serve customers. We believe Resonetics and the SAES Medical Nitinol business are highly complementary to each other and this combination, in our view, will result in an even stronger service offering to large medical technology companies across the world," Robert Schmidt, Carlyle Managing Director.

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