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New Deal


Announced

Completed

Fidelity Management & Research Company led a $110m Series C round in Medical Microinstruments.

Financials

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Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Italy

Cross Border

Private Equity

Minority

Medical Equipment

Acquisition

robotics

Private

Friendly

Venture Capital

Completed

Single Bidder

Synopsis

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Fidelity Management & Research Company, an American multinational financial services corporation, led a $110m Series C round in Medical Microinstruments, a robotics company. “Against a backdrop of plateauing investments in medical robotics, this support builds on our confidence in a new, less invasive solution for open surgery, a significant market that can benefit from the smallest wristed microinstruments. Our Symani Surgical System is uniquely positioned to expand patient access to care by accelerating the number of surgeons able to perform complex, delicate procedures. With the support of our investors, we will continue to advance our technology through a growing body of clinical evidence and expanded hospital partnerships,” Mark Toland, MMI CEO.

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