M&A
confidence high
sentiment positive
materiality 0.85
Enovis CORP (ENOV): M&A transaction — Enovis Corp closes acquisition of LimaCorporate for ~€727M cash plus 1.94M shares
Enovis CORP
- Completed acquisition of LimaCorporate on Jan 3, 2024 for ~€726.8M cash plus 1,942,686 shares valued at €100M.
- Acquisition financed with term loan facility and proceeds from 3.875% convertible senior notes due 2028.
- Lima adds 3D-printed Trabecular Titanium implants and comprehensive shoulder revision portfolio.
- Enovis' recon segment to reach $1B in revenue, accelerating global growth and margin expansion.
- CEO Matt Trerotola highlights strategic acquisition to drive compounding value for shareholders.