What did Audax Group pay for Aspen Surgical?

Audax Group acquired Aspen Surgical for $170.0M in 2019, equivalent to 1.70x revenue. Target revenue was approximately $100.0M.

What does Aspen Surgical do?

Aspen Surgical is a medical devices business.

What multiple did Audax Group pay for Aspen Surgical?

1.70x revenue, based on disclosed deal value of $170.0M and disclosed financials.

M&A TRANSACTION · 2019

Aspen Surgical acquired by Audax Group

$170.0M· 1.70x revenue

Target

Aspen Surgical

Acquirer

Audax Group

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$100.0M

EBITDA

—

Deal Value

$170.0M

EV/EBITDA

—

Context

This $170.0M acquisition of Aspen Surgical by Audax Group sits in the medical devices sub-vertical. Audax Group is acquiring as a private equity buyer; see how PE acquirers typically price medical devices businesses on our Medical Devices PE buyer-pool page.

Source

Data sourced from Press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2019). Aspen Surgical acquired by Audax Group. https://exitvalue.ai/deals/aspen-surgical-acquired-by-audax-group-hc-2019-0145