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The Trendlines Group Ltd. (“Trendlines“) is pleased to announce the 100% acquisition (“Acquisition“) of its 26.9%-owned (fully diluted) portfolio company, OrthoSpin Ltd. (“OrthoSpin“), by Synthes GMBH (part of DePuy Synthes, the Orthopaedics company of Johnson & Johnson) for a total of US $79.5 million in cash, payable in full upon closing. The total net proceeds for Trendlines from the Acquisition will be US$15.8 million after expenses, representing a 165% internal rate of return (IRR) on Trendlines’ total cash investmen...
