$600M sale of Ulthera named Deal of the Year for 2014

Above: Ulthera CEO Matt Likens. Economy | 11 Mar, 2015 |

The $600 million purchase of Mesa-based Ulthera, Inc. by German company Merz Pharma was selected as the 2014 Deal of the Year Award by the Association for Corporate Growth-Arizona Chapter.

The “Deal of the Year” is an award given by the Arizona Chapter of the Association for Corporate Growth (ACG) to recognize a company or private equity firm for their accomplishments regarding a merger, acquisition or capital market transaction.  The award recognizes a deal/transaction in the Arizona marketplace involving established businesses with between $10 million and $750 million of revenue that closed in calendar year 2014.

The Deal of the Year Award was given Tuesday night at a dinner at the Arizona Biltmore. Vonage’s purchase of Scottsdale-based Telesphere Networks in a $114 million transaction was the runner-up for the award.

“This is an example of a merger and acquisition that was truly a win for the companies involved and for Arizona’s economy,” said Sanat Patel, Board President for ACG-Arizona. “We congratulate the team behind the Ulthera purchase for their hard work in creating a transaction that has helped an Arizona company expand its global presence.”

Ulthera, Inc. is a venture capital-funded start-up company that was established in Mesa in January, 2004. Ulthera has developed a focused ultrasound approach to creating reliable and significant firming, tightening and lifting of facial skin tissue in one-hour non-invasive procedures.

Matt Likens, President & CEO with Ulthera, said that the transaction has strengthened Ulthera’s position in the marketplace significantly.

“Ulthera represents the only medical device within the Merz Pharma product portfolio,” Likens said. “Since the deal closed six months ago, our presence in Mesa has continued to expand. We are now positioned as the medical device center of innovation and excellence for Merz Pharma globally.”

The award criteria for the Deal of the Year included:

·       Deal-making that either created or demonstrates a real potential for substantial return on investment

·       Deal-making that evidences the unlocking of value and/or contribution to the strategic development of the business

·       Deal-making that produces a wider business impact, such as the development of new markets, products, services and/or technologies and the creation or retention of quality employment opportunities in Arizona

·       Deal-making that reflects a high level of professional expertise in the design of the transaction and tested creativity and deal-making skills in completing the transaction

·       At least one company involved in the transaction must be headquartered or have a majority of its operations in Arizona

Founded in 1954, the Association for Corporate Growth (ACG) is a global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at more than 14,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 56 chapters in North America, Europe, and Asia. The Arizona chapter of ACG includes representatives from corporate investment and private equity groups, financiers, venture capitalists and supporting consultant services. For more information, visit www.acg.org/arizona.

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