News: Deals: Reports

Kensey Nash Corp-Endovascular Business & Spectranetics Corp	Update Date: 07/06/08
Date Announced: 05/13/08
Value (million $USD): 24.0 million U.S. Dollar

Status: Completed

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. of Assets	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	24.0 million U.S. Dollar	Advisor Fees	n/a

SYNOPSIS
US - Spectranetics Corp acquired the endovascular business of Kensey Nash Corp, a manufacturer of biomaterials products, for an estimated $24 mil. The consideration was to consist of $10 mil in cash and up to $14 mil in profit-related payments. The transaction was subject to customary closing conditions.

TARGET
Name	Kensey Nash Corp-Endovascular Business
Industries	Medicinal chemicals and botanical products; Pharmaceutical preparations; Commercial physical and biological research; Surgical and medical instruments and apparatus
City	n/a
State	PA
Nation	United States
Incorporated in	n/a
Public Status	Subsidiary
Business Description	The endovascular business of Kensey Nash Corp, located in Pennsylvania, manufactures biomaterials products.
Advisors	UBS Investment Bank
Target Sales	n/a

ACQUIROR
Name	Spectranetics Corp (SPNC)
Industries	Orthopedic, prosthetic, and surgical supplies
City	Colorado Springs
State	CO
Nation	United States
Incorporated in	DE
Public Status	Public
Business Description	Spectranetics Corp, located in Colorado Springs, Colorado, manufactures and wholesales excimer laser and laser ablation systems for use in multiple, minimally invasive cardiovascular procedures. The company was founded in 1984.
Advisors	NULL
Acquiror Sales	89.3 million U.S. Dollar

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