Deals
Deal activity by volume related to ESG increased by 181% year-on-year in 2023 in the medical device industry
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Analysis of the key themes driving deal activity reveals that ESG accounted for 160 medical device deals between 2019 and 2023, worth a total value of $8,148m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $538m equity offering by Winner Medical Group was the largest disclosed deal in 2023, while the $75m venture financing secured by RapidSOS from Playground Global and consortium partners was the largest disclosed deal in 2022.
In volume terms, ESG related deal activity increased by 181% year-on-year in 2023 and by 133% year-on-year in 2022.
Deal activity related to ESG in the global medical device industry in the last five years
Top deals related to ESG in the medical device industry in the last five years
Deal volume by deal type for ESG related deals in the medical device industry in the last five years
Partnership accounted for the highest number of deals in the last five years, with 49 deals, followed by Venture financing (39 deals) and Acquisition (25 deals).
Top financial advisors for ESG related deals by value in the medical device industry in the last five years
The top financial advisors supporting deals related to ESG in the medical device industry in the last five years in terms of value were Goldman Sachs International, Morgan Stanley, Ondra, Centerview Partners, and UBS Investment Bank.
Top legal advisors for ESG related deals by value in the medical device industry in the last five years
The top legal advisors supporting deals related to ESG in the medical device industry in the last five years in terms of value were Latham & Watkins; Fried, Frank, Harris, Shriver & Jacobson; Hengeler Mueller; Advokatfirman Vinge; and Gibson, Dunn & Crutcher.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
