$3.15 BILLION FOR DJO GLOBAL, FROM A WELDER? (Orthopedics This Week)
$3.15 billion is a lot of money for bracing, knee implants and pain management products.
But that’s what welding equipment manufacturer and precision air and gas handler Colfax Corporation is proposing to do.
This should be interesting.
The folks on the receiving end of this transaction are a group of private equity investors managed by the Blackstone Group LP. Blackstone et al. bought DJO Global 11 years ago (2007) for $1.6 billion. That’s not exactly a 100% return on investment, but close.
Colfax’s President and CEO Matt Trerotola is pretty darn happy with his prospective acquisition. “The acquisition of DJO is a compelling next step in the strategic evolution of Colfax that creates a new growth platform in the high-margin orthopedic solutions market…. As a clear market leader in bracing and rehabilitation systems—with a track record of innovative new products, globally recognized brands, and a diverse product portfolio—DJO is well-positioned to benefit from secular trends driven by changing demographics and increased preventive healthcare.”
“This transaction reflects our strategic intent to diversify ou...
