What did H.I.G. Capital pay for ZimVie Spine Business?

H.I.G. Capital acquired ZimVie Spine Business for $375.0M in 2023, equivalent to 0.90x revenue. Target revenue was approximately $421.1M.

What does ZimVie Spine Business do?

ZimVie Spine Business is a medical devices business.

What multiple did H.I.G. Capital pay for ZimVie Spine Business?

0.90x revenue, based on disclosed deal value of $375.0M and disclosed financials.

M&A TRANSACTION · 2023

ZimVie Spine Business acquired by H.I.G. Capital

$375.0M· 0.90x revenue

Target

ZimVie Spine Business

Acquirer

H.I.G. Capital

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$421.1M

EBITDA

—

Deal Value

$375.0M

EV/EBITDA

—

Context

This $375.0M acquisition of ZimVie Spine Business by H.I.G. Capital sits in the medical devices sub-vertical. H.I.G. Capital 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 and earnings 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. (2023). ZimVie Spine Business acquired by H.I.G. Capital. https://exitvalue.ai/deals/zimvie-spine-business-acquired-by-hig-capital-hc-2023-0036