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Manning Advisors LLC

MANNING ADVISORS LLC
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News and Advisories

  • Aug 17 / 2013
  • Comments Off on Contract Manufacturer and Branded Products
Market Letters

Contract Manufacturer and Branded Products

Symmetry Medical

At some point most medical contract manufacturers have thought about offering higher margin branded products. A large company that has taken that step is Symmetry Medical, a contract manufacturer specializing in orthopedic products as well as a seller of branded surgical instruments. Given that Symmetry is a publicly traded company the medical supply chain has an opportunity to see in detail how such a strategy fares.

Read entire letter here.

  • Aug 17 / 2013
  • Comments Off on Contract Manufacturer and Branded Products
Market Letters

Contract Manufacturer and Branded Products

Symmetry Medical

At some point most medical contract manufacturers have thought about offering higher margin branded products. A large company that has taken that step is Symmetry Medical, a contract manufacturer specializing in orthopedic products as well as a seller of branded surgical instruments. Given that Symmetry is a publicly traded company the medical supply chain has an opportunity to see in detail how such a strategy fares.

Read entire letter here.

  • Jun 25 / 2013
  • Comments Off on Royal DSM completes acquisition of Kensey Nash
Deal Brief, Life Sciences, Medical Device

Royal DSM completes acquisition of Kensey Nash

Royal DSM, a 9 billion euro specialty materials company servicing the pharma, food, life sciences, and automotive markets has acquired Pennsylvania-based Kensey Nash. Kensey Nash focuses on regenerative medical products including specialty polymers and collagen-based products used in a host of medical practice areas.

Royal DSM paid approximately $360 million or $38.50 per share for Kensey Nash stock. Manning Advisors estimates the deal multiple at 12.7X EBITDA.

  • Jun 16 / 2013
  • Comments Off on Market Advisory – Two Deals of Note
Market Letters

Market Advisory – Two Deals of Note

Angiotech and Argon/RoundTable

Argon Medical Devices, Inc. and their financial backer RoundTable Healthcare Partners acquired the Interventional Products Business of Angiotech Pharmaceuticals.

Theragenics and Juniper

Juniper Investment Company‘s most recent offer of $2.25 to $2.30 per share for Theragenics, Inc. (NYSE:TGX) at $70 to $72 million overall.

Read entire advisory here.

  • Oct 17 / 2012
  • Comments Off on Helix Medical acquires MedVenture Technology Corp.
Deal Brief, Medical Device

Helix Medical acquires MedVenture Technology Corp.

Helix Medical LLC announced the acquistion of MedVenture Technology Corp., a 260 person medical device design and manufacturing firm specializing in catheter technology.

Manning Advisors advised Helix on this transaction.

  • Aug 09 / 2012
  • Comments Off on Helix Medical to acquire 50% of Cambus Medical
Deal Brief, Medical Device

Helix Medical to acquire 50% of Cambus Medical

Helix Medical LLC announced an agreement to acquire 50% of Cambus Medical, an Irish medical components manufacturer specializing in hypotubes. Helix already holds a 50% of VistaMed, an Irish medical contract manufacturer with ties to Cambus.

Helix will provide Cambus with expansion financing in 2012 and plans to complete the equity transaction in January, 2013.

  • Aug 09 / 2012
  • Comments Off on Fenner plc acquires American Industrial Plastics
Deal Brief, Plastics

Fenner plc acquires American Industrial Plastics

Fenner plc via its Texas-based Fenner Advanced Sealing Technologies group has acquired Ameican Industrial Plastics of Daytona Beach, FL. American specializes in maching plastics for high-value applications in the medical, defense, and aerospace industries.

No terms were announced.

  • Jul 18 / 2012
  • Comments Off on Tecomet acquires Teleflex OEM ortho business unit
Deal Brief, Medical Device

Tecomet acquires Teleflex OEM ortho business unit

Teleflex will sell the orthopedics segment of its Teleflex Medical OEM business unit to Tecomet for $42.5 million. The Wisconsin-based ortho segment focuses on components and assemblies. 2011 revenues were reported at $36 million by American City Business Journals.

The transaction will be all cash.

  • Jun 27 / 2012
  • Comments Off on Saes Getters SpA to acquire outstanding shares of Memry GmbH
Deal Brief

Saes Getters SpA to acquire outstanding shares of Memry GmbH

Saes Getters announced it will acquire the entire share capital of Memry GmbH in two tranches. Prior to the announcement Saes Getters owned 60% of the nitinol products manufacturer.

The first tranche, to be completed by July 15, 2012, values 20% of Memry GmbH’s shares at 500,000 euros. The second tranche, giving Saes Getters full ownership, will be completed in 2013 or 2014 Reuters reported.

  • Jun 27 / 2012
  • Comments Off on Saes Getters SpA to acquire outstanding shares of Memry GmbH
Deal Brief

Saes Getters SpA to acquire outstanding shares of Memry GmbH

Saes Getters announced it will acquire the entire share capital of Memry GmbH in two tranches. Prior to the announcement Saes Getters owned 60% of the nitinol products manufacturer.

The first tranche, to be completed by July 15, 2012, values 20% of Memry GmbH’s shares at 500,000 euros. The second tranche, giving Saes Getters full ownership, will be completed in 2013 or 2014 Reuters reported.

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