Laborie Medical Technologies’ $525 Million Acquisition of Clinical Innovations


Simpson Thacher represented the EQT Mid Market U.S. fund, EQT Mid Market Asia III fund and Clinical Innovations in the transaction. Piper Jaffray acted as financial advisor and Cleary Gottlieb Steen & Hamilton LLP as legal advisor to LABORIE.

LABORIE Medical Technologies executed the definitive agreement to acquire Clinical Innovations for an enterprise value of $525 million. The transaction is subject to customary approvals and is expected to close in early 2020.

LABORIE Medical Technologies is a leading global developer and manufacturer of medical diagnostics and devices in the pelvic health and gastroenterology market.

Founded in 1993 and headquartered in Salt Lake City, Clinical Innovations is one of the world’s leading medical device companies exclusively focused on labor and delivery and neonatal intensive care. Clinical Innovations is expanding its global presence while directly researching and developing state-of-the-art technologies and innovative medical devices that fulfill its mission of improving the lives of mothers and their babies throughout the world.

EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia and the U.S. with total sales of more than EUR 21 billion and approximately 127,000 employees.

The Simpson Thacher team included Robert Langdon (Picture), Michael T. Holick, Fred De Albuquerque, Sherry Shen and Jesse Feng (M&A); Chris Brown (Credit); David Rubinsky, Jeannine McSweeney and Caitlin Fitzgerald (Executive Compensation and Employee Benefits); Jason Glover, Robert Lee and Vasanth Padaki (Funds); Jonathan Goldstein (Tax); Marcela Robledo (Intellectual Property); Sara Razi, Ellen Frye and Tomi Mendel (Antitrust); and Michael Isby (Environmental).

Involved fees earner: Christopher Brown – Simpson Thacher & Bartlett; Frederick De Albuquerque – Simpson Thacher & Bartlett; Jesse Feng – Simpson Thacher & Bartlett; Caitlin Fitzgerald – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Jason Glover – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Michael Holick – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Robert Langdon – Simpson Thacher & Bartlett; Robert Lee – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Tomi Mendel – Simpson Thacher & Bartlett; Vasanth Padaki – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Sherry Shen – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Clinical Innovations; EQT Mid Market;

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Author: Ambrogio Visconti