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| Acquiring Party | Cortec Group, Inc., a private equity firm. |
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| Transferring Party | The Hygenic Corporation, a leading manufacturer of Thera-Brand and other branded consumable products for the professional therapy, rehab and wellness markets. |
| Sector | Medical Devices |
| Date | June 11, 2007 |
| Analysis Hygenic represents a new platform for Cortec, which believes there are substantial growth opportunities and product line extensions. Cortec bought the interest of Baird Capital Partners. Terms not disclosed but Barid said it received > 4x its investment made in January 2004. At that time, American Capital Strategies invested $22.75m in subordinated debt, preferred and common stock. In 2006 it invested another $24.5m to support its acquisition of Performance Health Inc., a developer of topical analgesics to healthcare practitioners. | |
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. | |