Vance Street Capital (US, Los Angeles), a private equity firm, acquired Medical Concepts Europe (NL) on December 14, 2016. The acquisition expands A&E Medical Corporation’s temporary pacing wire and cable portfolio into Europe.
| Acquirer | Vance Street Capital (US, Los Angeles) |
|---|---|
| Target | Medical Concepts Europe (NL) |
| Deal Value | Undisclosed |
| Type of Deal | Acquisition |
| Close Date | December 14, 2016 |
| Announcement Date | December 14, 2016 |
| Buy-side Financial Advisors | Not disclosed |
| Sell-side Financial Advisors | R. Lips Healthcare GmbH (NL) |
| Buy-side Legal Advisors | Paul Hastings LLP (US) |
| Sell-side Legal Advisors | Not disclosed |
Vance Street Capital, a private equity firm based in Los Angeles, completed its acquisition of Medical Concepts Europe on December 14, 2016. This move enhances A&E Medical Corporation's portfolio and geographic reach.
Deal Mechanics
The deal involved the full purchase of Medical Concepts Europe by Vance Street Capital without disclosing financial terms or key conditions. Paul Hastings served as legal counsel for Vance Street Capital during this transaction, while R. Lips Healthcare GmbH acted on behalf of MCE.
Strategic Rationale
This acquisition strategically positions A&E Medical to offer a more comprehensive range of single-use medical products globally, particularly in Europe where it previously lacked a significant presence. The addition of MCE's bi-polar and quad-polar pacing wires is expected to complement A&E Medical’s existing DoubleWire sternum closure systems.
Financial Context
The undisclosed financial terms of the deal suggest that Vance Street Capital views this acquisition as a critical component in building out its cardiovascular medical device portfolio. The firm's involvement with MCE continues from an earlier investment in A&E Medical, indicating a commitment to expanding within the healthcare technology sector.
Advisors
The legal advisory for Vance Street Capital was provided by Paul Hastings LLP, while R. Lips Healthcare GmbH facilitated on behalf of Medical Concepts Europe.
Outlook
Vance Street Capital’s acquisition of MCE marks a strategic expansion into the European market and bolsters A&E Medical's product offerings in temporary pacing wires and cables. The partnership with MCE management is expected to foster further innovation and growth within the cardiovascular medical device industry.