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3B Scientific Acquires iSimulate to Further Develop Scientific Platform
Thursday 23 January 2020

23 January 2020 - German manufacturer 3B Scientific, a provider of anatomical models and medical simulation products for healthcare and patient education, has agreed to acquire Australian clinical education provider iSimulate Pty. Ltd., offering medical simulation solutions, the company said.
Terms of the transaction were not disclosed. The acquisition is anticipated to be consummated in 1Q20.
iSimulate will further develop the 3B Scientific platform and expand the 3B Scientific global distribution footprint including 14 commercial locations to support and accelerate the growth of iSimulate products worldwide.
Gibson, Dunn and Crutcher LLP and Clayton Utz are serving as legal advisors to 3B Scientific and J.H. Whitney Capital Partners, LLC. Schwartz Heslin Group, Inc. is acting as a financial advisor to iSimulate, and Pepper Hamilton LLP and MinterEllison are serving as legal advisors to iSimulate.
3B Scientific Group, a portfolio company of J.H. Whitney Capital Partners, LLC, is a global supplier of innovative and reliable medical simulators for basic, advanced and speciality skill training.
J.H. Whitney Capital Partners, LLC is a US private equity firms that currently manages approximately USD 1.0bn in private capital.
Details
Date Published: 23/01/2020
Target: iSimulate Pty. Ltd
Country: Australia
Sector: Healthcare
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: 3B,  Scientific
Comment:
Terms of the deal were not disclosed

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