M&A News: 5 Deals of the Week (Apr 26)
Top-5 deals this week by size (<$50 million, $50-$100 million, $100-$500 million, $500 million - $1 billion and >$1 billion)
I am always scanning the news for interesting M&A announcements. Business and commerce never sleep, and deals are always happening. Here is a snapshot of what caught my attention this week.
Deal size >$1 billion:
Zimmer Biomet, a global medical technology leader focused on mobility via digital and robotic products, has acquired Paragon 28 for $1.3 billion USD. Paragon 28 is a leading orthopedic foot and ankle company (products to treat foot and ankle injuries). The deal expands Zimmer Biomet’s foot and ankle offerings and bolsters their overall fracture and trauma and joint-replacement portfolios. It will also leverage Paragon 28’s specialized sales organization and global presence to accelerate Zimmer Biomet’s international growth.
Deal size $500 million to $1 billion:
Clearwater Analytics, a US based investing accounting SaaS company acquired Beacon Platform for $560 million. Beacon is a US based leader in cross-asset class modeling and risk analytics for derivatives, private credit, debt, structured products and other alternative assets to allow portfolio modeling and risk management.
Deal size $100 million - $500 million:
Royal DSM, a Dutch health, nutrition and biosciences company has completed its acquisition of Adara Pharma Solutions, a French manufacturer of postbiotics. The deal is estimated to be worth 275 million EUR (~$313 million USD)
Deal size $50 million - $100 million:
Portugual’s REN (their National Electricity Transmission Grid and National Natural Gas Transportation Grid) has acquired Chile-based TENSA for $71 million. TENSA is a subsidiary of CMPC, one of the largest industrial groups in forestry, pulp & paper sectors in Latin America, that owned electricity transmission assets. The deal gives REN ownership of 190km of electricity transmission lines in Chile. These lines were originally developed for CMPC’s industrial facilities, and have been reclassified as regulated assets.
Deal size <$50 million:
Huhtamaki, a Finnish sustainable packaging solutions provider has acquired US-based Zellwin Farms, a producer of molded fiber packaging for $18 million USD. The deal gives Huhtamaki a larger installed manufacturing footprint in the US and is part of their strategy to grow their fiber-based egg packaging solutions business.