Tech Company M&A Transactions
Adiana Acquisition
Adiana, operating out of Redwood City, was acquired by Cytyc. The companies indicated that total deal value was $215 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/27/2007
Transaction Type
M&A
Amount
$215,000,000
M&A Terms
Based on the agreement, Cytyc will make an initial upfront $60 million cash payment plus milestone payments. The milestones include a potential FDA milestone payment and a four-year earnout based on sales growth. The acquisition will be funded out of existing cash and the Company's existing credit facility. According to the terms of the agreement, total payments, including the four-year earnout, will not exceed $215 million.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
2684 Middlefield Rd.
Redwood City, CA 94063
USA
Redwood City, CA 94063
USA
Phone
Website
Email Address
Not Recorded
Overview
Adiana is developing a novel, permanent contraceptive device for women.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Goeld
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