Lincoln International represents The Riverside Company in the sale of Coeur, Inc. to Illinois Tool Works Inc.
Lincoln International, a leading global mid-market investment bank, has announced that Coeur, Inc. (“Coeur”) has been sold to Illinois Tool Works Inc. (“ITW”). Coeur was a portfolio company of The Riverside Company (“Riverside”).
Based in Lebanon, Tennessee, with locations in North Carolina, Wisconsin and Mexico, Coeur is a leading global solutions provider of cost-effective, high-quality consumable medical products and value-added services for diagnostic and therapeutic imaging procedures. Coeur designs, manufactures and markets power syringes, dispenser coils, fluid delivery products and other medical-grade tubing, most of which are used to deliver contrast media and saline during medical imaging procedures, including angiography, computed tomography and magnetic resonance imaging.
Lincoln International acted as the exclusive financial advisor to Coeur and Riverside, working closely with the company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. Matt Dailey, a Partner at Riverside, noted, “Lincoln’s access to key decision makers at potential strategic acquirers combined with its healthcare industry knowledge resulted in an attractive outcome for both Riverside and Coeur’s management.” Jay Cude, Coeur’s Chief Executive Officer added, “The Lincoln team was diligent throughout the process, helping provide management and Riverside several alternatives and achieve a fantastic outcome.”
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $200 million. Since its founding in 1988, Riverside has invested in more than 275 transactions. The firm’s international portfolio includes more than 75 companies, and it has $3.2 billion in assets under management.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With thirteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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