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| Acquiring Party | Onex Corporation, a Canadian-based private equity firm. |
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| Transferring Party | The Healthcare Imaging Group of Eastman Kodak Company, a leading provider of medical imaging and healthcare information technology solutions. |
| Sector | Medical Devices |
| Date | May 1, 2007 |
| Analysis Onex acquires a major new platform in digital x-ray systems, molecular imaging systems and x-ray film, as well as dental imaging products, software and services. Permits a greater focus on this business than Kodak was willing to apply, due to declining margins and Kodak's need to reduce debt. Deal value -- $2.35b on sales of about $2.54b. Onex's equity investment is $475m. if Onex realizes an IRR > 25%, Kodak will receive a payment of 25% of the excess return up to $200m. | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |