Johnson & Johnson Acquires BME

BMETombstone.png

New York, NY, May 5, 2016 - England Securities, LLC is pleased to announce that it served as the exclusive financial advisor to BioMedical Enterprises, Inc. (BME) in its sale to DePuy Synthes Companies of Johnson & Johnson (NYSE: JNJ).  

BME, a portfolio company of Cross Atlantic Partners and Camden Partners, is a leading maker of orthopedic shape memory implants for bone fixation in the extremities, such as foot and ankle and hand and wrist surgeries.  BME was the first U.S. manufacturer of nitinol metal implants for musculoskeletal fixation. For over a decade, BME spearheaded the innovation of nitinol technology in orthopedics in the U.S., and continues the advancement of nitinol implants and instruments.  

The acquisition of BME will reinforce Johnson & Johnson Medical Devices' position in elective extremity surgery, the fastest growing segment in orthopedics.  BME will add to J&J's set of product for the foot and ankle and hand and wrist markets.  For information on Depuy Synthes and the transaction, click here.

John Cassis, Managing Partner of Cross Atlantic Partners and Chairman of BME, stated "England's healthcare investment banking team was instrumental in securing an outstanding outcome for BME.  The team helped us navigate through some unique challenges, created a competitive auction and demonstrated structural creativity to create significant additional value for the shareholders."

About England & Company

With offices in Houston, New York, and Washington, DC, England & Company is an independent investment banking and advisory boutique dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies. 

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.

About England & Company England & Company (www.englandco.com) is an independent investment banking firm headquartered in Washington, DC and with offices in Baltimore and New York. Founded in 2003, England provides owners, executives, and boards of directors of public and private companies with the highest quality investment banking services relating to capital formation, M&A, and restructuring activities. The firm's clients include leading companies in the energy & industrial technology, financial services, healthcare, information technology, consumer products, and business services industries.