CASE STUDY: CONVATEC
Convatec Divest Skin Care Business
TARGET
Sensi-Care and Aloe Vesta
INDUSTRIES
Healthcare, Personal Care
TRANSACTION TYPE
Corporate Divestiture
GEOGRAPHY
Reading, GBR
SITUATION
Seale & Associates acted as financial advisor to ConvaTec Group (LON: CTEC), a global medical products company based in the United Kingdom on the divestiture of Sensi-Care and Aloe Vesta to Medline Industries.
OUTCOME
Seale managed a competitive auction process with potential strategic and financial buyers for Sensi-Care and Aloe Vesta.
Seale’s disciplined approach allowed our client to maintain momentum, negotiating leverage throughout the process and ensure closing at a premium value and more favorable terms.
The process resulted in a successful acquisition of Sensi-Care and Aloe Vesta by Medline Industries, a healthcare company with almost USD$14 billion in annual sales.
The divestiture is part of ConvaTec’s strategy to focus on its core businesses and markets.
"Seale was instrumental in keeping the process moving in a swift, orderly fashion. Their common sense and ability to find simple, common ground solutions while preserving our interests were invaluable in bringing this project to a successful conclusion."
George Landau
Vice President of Corporate Development at ConvaTec
Are you exploring the sale of your company or divesting a non-core business from your portfolio?
Seale & Associates offers trusted advisory services for both private business owners and multinational corporations. Contact us today to learn how we can guide you through the complexities of a sale process and help you to evaluate the full range of strategic alternatives for your business.