Led by $635m acquisition of Capsule Technologies , the US medical devices industry saw a rise of 21.05% in overall cross border deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 46 cross border deals worth $1.84bn were announced in Q1 2021, compared with the last four-quarter average of 38.00 deals.
venture financing was the leading category in the quarter with 25 cross border deals which accounted for 54.4% of all deals.
In second place was M&A with 17 deals, followed by private equity with four transactions, respectively accounting for 37% and 8.7% of overall cross border deal activity in the US medical devices industry during the quarter.
In terms of value of cross border deals, M&A was the leading deal category in the US medical devices industry with total deals worth $977.63m, while venture financing and private equity deals totalled $626.67m and $239.67m, respectively.
US medical devices industry cross border deals in Q1 2021: Top deals
The top five medical devices industry cross border deals accounted for 61.2% of the overall value during Q1 2021.
The combined value of the top five medical devices cross border deals stood at $1.13bn, against the overall value of $1.84bn recorded for the quarter.
The top five medical devices industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Koninklijke Philips’ $635m acquisition of Capsule Technologies
2) The $240m acquisition of Alydia Health by Organon
5) Adage Capital Management , Ally Bridge Group , Asahi Kasei Medical , Bain Capital Life Sciences , BlackRock , CaaS Capital Management , D1 Capital Partners , Endeavour Vision , Longitude Capital Management Co, Quaker Partners Management, Sunley House Capital Management , T Rowe Price Associates and Xeraya Capital Sdn’s private equity with Rapid Micro Biosystems for $81m.