M&A
confidence high
sentiment positive
materiality 0.85
Enovis to acquire LimaCorporate for €800M enterprise value
Enovis CORP
- Enterprise value €800M: €700M cash at closing + €100M in Enovis common shares within 18 months.
- Expected 2024 revenue $290-300M and adjusted EBITDA $70-75M from Lima.
- Approximately $40M in cost synergies targeted by year three post-close via supply chain and cost consolidation.
- Transaction expected to close early 2024, subject to regulatory approvals; neutral to slightly accretive to 2024 adjusted EPS.
- Deal creates ~$1B revenue reconstruction business with ~50% in fast-growing extremities markets.