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Brunswick Group handles Hologic as the women’s health diagnostic and medical imaging company is acquired by Blackstone and TPG in a deal valued at $18.3B.
The transaction is the largest all-cash MedTech takeover ever, and the biggest go-private healthcare deal since 2006. Abu Dhabi Investment Authority and GIC, which is Singapore’s sovereign wealth fund, will have minority investments in Hologic
“With their resources, expertise and commitment to women’s health, Blackstone and TPG will help accelerate our growth and enhance our ability to deliver critical medical technologies to customers and patients around the world,” said Hologic CEO Stephen MacMillan.
The aggregate purchase price represents a 46 percent premium on Hologic’s May 23 closing price, the last full trading day before media speculation about the takeover. The deal is expected to close during the first-half of next year.
Blackstone has $1.2T in assets under management, while TPG manages $261B in assets.
Brunswick Group partners Jonathan Doorley (New York office head) and Raul Damas (global healthcare & life sciences leader) represent Hologic.
Joele Frank represents LXP Industrial Trust as the logistics giant agrees to be acquired by Brookfield Asset Management and the Canada Pension Plan Investment Trust for $5.2B in cash.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
