The deal
We’re pleased to have acted as lead Corporate Finance adviser to Salt Lake City-based, Clinical Innovations, on its acquisition of Brenner Medical GmbH.
Clinical Innovations is one of the largest medical device companies exclusively focussed on pregnancy, labour and the neonatal intensive care unit. Munich-based Brenner Medical has been a strong partner of Clinical Innovations for many years and offers innovative products for the fields of obstetrics and gynaecology.
Our Corporate Finance team, led by Partner Gary Partridge and Director Thomas Edwards worked with the Clinical Innovations teams in both the US and the UK to deliver the transaction which was in line with the original timetable set for completion.
This acquisition broadens Clinical Innovations’ infrastructure in Europe and overall global presence. The purchase will also provide a platform to improve product reach in Germany and builds on the successful creation of Clinical Innovations’ European subsidiary which was formed in the last three years.
Gary Partridge, Partner at FRP Corporate Finance, said: “Our team navigated Clinical Innovations through this important step in enhancing its commercial platform. We drew upon our significant personal experiences of completing international acquisitions and in particular advising buyers from the USA, to deliver a tailored professional service to their deal team.”
Deal summary
Date:
July 2017
Sector:
Healthcare
Deal type:
Buying a business
Deal size:
Undisclosed