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Submit Q3 Closed Deals

ACG Philadelphia members with closed Q3 2015 deals should reply to the survey by Friday October 23. You can re-enter the survey to make updates.

DealWire Q3 Survey Link

Note: only deals LED BY YOUR LOCAL OFFICE and CLOSED DURING July 1 - September 30, 2015 are eligible for submission.

Members on the Move - we'll include announcements relevant to the deal community such as new hires or promotions within your M&A group.
 
Welcome to New Q2 2015 ACG Philadelphia Members

Robert Brown
MVP Capital Partners
 
Anthony Cambeiro
Anthology Capital Group LLC
 
Howard Davis
Kleinbard LLC
 
Robert Delany
Public Financial Management, Inc.
 
Sean Denham
Grant Thornton LLP
 
Steve Dressel
Boathouse Capital
 
Radcliffe Hastings
Valley Forge Financial Group
 
James Kelley
CBRE, Inc.
 
Mark Martinelli
Wipfli LLP and Elko
 
John Royer
Royer Cooper Cohen Braunfeld LLC
 
Peter Sallata
Simitar, LLC
 
Courtland Scaccetti
Graham Partners
 
Brad Segal
Comcast Corporation
 
John Shea
Healthcare Services Group, Inc.
 
Richard Sloane
Softmart
 
Matthew Tomkin
Teleflex

About DealWire
ACG Philadelphia's quarterly M&A report, captures deal and transactional activities from around the region based on ACG Philadelphia members' and other dealmakers (investment bankers, private equity professionals, professional service firms and corporate executives).

Click here for Historical Featured Deal Summaries

Questions about DealWire Philadelphia should be directed to Jen Simons at jsimons@acg.org.
 
 
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Q2 2015 DealWire




Deal Flow Slows in Q2, but Continued PE Exits Should Result in a Healthy 2015
Commentary by Lisa Harris Millhauser, Eureka Growth Capital (ACG Marketing Committee Member)

Regional Deal Flow Slows in Q2 2015, but Continued Private Equity Exits Should Lead to Healthy Deal Flow in the Remainder of 2015

Despite uncertainty in the global economy, as Q2 2015 came to a close, with both Greece teetering on the brink of financial collapse and Chinese stock markets continuing their steep plunge, total regional deal activity (including both M&A and Capital Markets transactions) remained solid.  Regional M&A activity slowed during the quarter, with M&A down 4% from Q1 2015 on a count basis and 22% on a value basis.  Are potential concerns about deploying capital in the current macroeconomic and deal environment taking a toll on some market participants?


Source Data: S&P Capital IQ

For the Complete Q2 2015 Report including Regional Deal Activity and Industry Sector Analysis...
 Read more
 

ACG Philadelphia Quarterly Member Deals 
24 Member Firms Announced Closed Deals in Q2

AC Lordi Valuation Group

AC Lordi Valuation Group (Andrew Wiest member) provided valuation services on 7 completed transactions in Q2. Read more

AMETEK, Inc.

AMETEK, Inc. (William Eginton, Laurent Paty and Joseph Toto members) completed one acquisition in Q2. Read more

Argosy Private Equity
Argosy Private Equity (Michael Bailey, Don Charlton, Kirk Griswold, Steven Morgenthal and Casey O'Rourke members) closed 2 transactions in Q2. Read more
Ballard Spahr LLP
Ballard Spahr LLP (Craig Circosta, Brian Doerner, Anuj Goswami, Amit Kakkar, Robert Krauss and Steven Miller members) served as legal counsel on 9 completed transactions in Q2.  The firm also hired 2 attorneys to join the Mergers and Acquisitions/Private Equity Group. Read more
Boathouse Capital
Boathouse Capital (Steve Dressel, Bill Dyer, Steve Gord, Ken Jones, Chong Moua, Andrew Olsen, Shivam Patel and Colin Raws members) completed three transactions in Q2. Read more
CMF Associates
CMF Associates (Clare Creelman, Brian Dwyer and Daniel Mahoney members) named a principal to the financial and operational consulting team with experience serving private equity funds in Q2. Read more
Cozen O'Connor
Cozen O'Connor (Larry Laubach, Anne Madonia and Michael Zanan members) served as legal counsel on 6 completed transactions in Q2.  Read more
DLA Piper LLP
DLA Piper LLP (John M. Coogan, Jr. member) served as legal counsel on 5 completed transactions in Q2.  The firm also hired two new attorneys with broad transaction expertise. Read more
Drinker Biddle & Reath
Drinker Biddle & Reath (Elizabeth Babson, Joshua Bernstein, Stephen Burdumy, David Denious, Neil Haimm, Laura Householder, Matthew Meyers, Lauren Platko, Douglas Raymond, John Talbot and Ron Tanner members) represented clients on 25 closed deals in Q2. Read more
Duane Morris LLP
Duane Morris LLP (Heather Carmody, Maria Rose Granholm, Richard Jaffe, Timothy Levy, Mairi Luce, Darrick Mix, Kathleen Shay, Thomas Spencer, Barry Steinman and David Toner members) served as legal counsel on 14 completed transactions in Q2.  The firm also hired 7 corporate law attorneys. Read more
Fairmount Partners
Fairmount Partners (Charles Eckert member) served as investment banker on one completed transaction in Q2.  The firm also promoted an investment banker. Read more
Fox Rothschild LLP
Fox Rothschild LLP (Terrence Kerwin and Sandra Romaszewski members) served as legal advisor to its clients on 10 completed transactions in Q2. One of which was composed of 5 interrelated transactions. Read more
Griffin Financial Group, LLC
Griffin Financial Group, LLC (John Lee member) served as investment banker on 2 completed transactions in Q2. Read more
Janney Montgomery Scott LLC
Janney Montgomery Scott LLC (Joseph Culley, Brandon Eck, Jonathan Ketzner, Benjamin McKean, James McNaughton, Joseph Reichert, Brendan Tierney, Brian Van Der Waag and Andrew Wilson members) provided investment banking services to its clients on 20 closed transactions in Q2. Read more
LLR Partners
LLR Partners (Kevin Becker, Christian Bullitt, Kristy DelMuto, Mitchell Hollin, Jason Jerista and David Steines members) closed 3 deals in Q2. Read more
Milestone Partners
Milestone Partners (James Billmyer, Peter Elkes, Brook Hayes, John Nowaczyk, Daniel Ryan and Geoffrey Veale members) led one acquisition in Q2 and promoted a firm member. Read more
Morgan, Lewis & Bockius LLP
Morgan, Lewis & Bockius LLP (Tracy Dowling, David Gerson, Barbara Shander, Kevin Shmelzer and Lindsay Tarnowski members) served its clients on 8 closed transactions in Q2. Read more
Pine Hill Valuation Services
Pine Hill Valuation Services (Sean O'Reilly member) provided services to its clients on 13 closed transactions in Q2 and hired a new employee. Read more
Private Capital Research LLC
Private Capital Research LLC (Graeme Frazier and Joseph Morris members) co-invested in a growth recap in Q2. Read more
RLS Associates
RLS Associates (David Bernstein and John Ralston members) provided investment banking advisory to a client on one closed transaction in Q2. Read more
SSG Capital Advisors, LLC
SSG Capital Advisors, LLC (Mark Chesen, Michael Gorman, Matthew Karlson, Terry Kohler and J. Scott Victor members) acted as investment banker on two completed transactions in Q2. The firm added 4 new professionals. Read more
Stifel
Stifel (Lauren Harrington, John Honovich, David Lazar and Bharat Ramprasad members) served as investment banker on three closed deals in Q2. Read more
Stradley Ronon Stevens & Young, LLP
Stradley Ronon Stevens & Young, LLP (Michael Bonner, Christopher Rosenbleeth and Todd Vanett members) finalized one transaction in Q2. Read more
Teleflex Incorporated
Teleflex Incorporated (Jan Monster, Jake Olin, Michael Probst, Dwayne Ritchie and Matthew Tomkin members) completed one acquisition in Q2. Read more
  
 

For a listing of all historical featured deals please go to the LIBRARY tab.

Showcasing ACG Member Deals


A Great Fit with Our Acquisition Strategy
Interview by Don Mahoney, UBS (ACG Marketing Committee Member)

 

Based on a discussion with Gwen Watanabe, Vice President of Business Development & Technical Resources at Teleflex, Inc.

Deal Synopsis

Teleflex Incorporated ("Teleflex") is a leading global provider of specialty medical devices for a range of procedures in critical care and surgery. Our mission is to provide solutions that enable healthcare providers to improve outcomes and enhance patient and provider safety. Headquartered in Wayne, PA, Teleflex employs approximately 12,200 people and serves healthcare providers worldwide. For additional information about Teleflex please refer to www.teleflex.com.

On April 8, 2015, Teleflex completed its all cash acquisition of Truphatek. Truphatek is a private Israeli company established in 1993 with a broad range of disposable and reusable laryngoscope devices. Teleflex was Truphatek’s primary distributor of laryngoscopes in the U.S., and this acquisition positions Teleflex to de-layer its supply chain and strengthens its O.U.S. competitive position. "This acquisition provides the immediate benefits of strengthening our Anesthesia business globally and supports our margin expansion strategy," said Benson Smith, Chairman, President and Chief Executive Officer.

The Truphatek acquisition was a great fit with our acquisition strategy as a prior long term supplier of our laryngoscopes, in which we had on and off acquisition conversations with over several years. Our focus as a corporate development team is to capitalize on acquisitions which position Teleflex to succeed in the healthcare environment of the future. We use established criteria to target select opportunities. Our Teleflex acquisition criterion includes:

1. Companies or products that fit into our existing strategic business unit franchises and call points , in this case the Anesthesia Strategic Business Unit

2. Products that provide a superior clinical benefit to existing alternatives, provide a cost benefit to a hospital, have strong IP and patent protection, and long life cycles

This transaction in particular highlights these key benefits as it allows us to have direct contact with our laryngoscope customer and direct control of manufacturing of the Truphatek products. In addition, the acquisition of Truphatek included operating expense synergies and manufacturing locations in Israel, India, and China.

Due to the multi-national nature of the Truphatek deal, it was critical for the Teleflex team, including our legal counsel at Ballard Spahr, Mr. Craig Circosta, Esq., to conduct due diligence in three different countries, as well as, plan a well-orchestrated integration plan for the Israel, India, and China portions of the business. In order to properly navigate this, it was key to include the correct business partners within Teleflex regional businesses.

The terms of the acquisition were not publicly disclosed.

Membership has its privileges


Ballard Spahr represented Teleflex Medical Europe Limited in its acquisition of Truphatek, which reinforces the relationship building that has occurred between ACG members. Craig Circosta was brought in early, given his extensive history with James Leyden, Teleflex’s General Counsel, having closed multiple deals together in the past. The parties acknowledge ACG’s role in providing opportunities for the Teleflex team to get to know the Ballard Spahr team.

Teams

Teleflex Incorporated: Gwen Watanabe, James Leyden

Ballard Spahr:
  Craig Circosta *

*ACG Philadelphia Members

 

 

 

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