Zimmer Biomet is acquiring LDR in spine business

 

Zimmer Biomet, a global leader in musculoskeletal healthcare, and LDR Holding (whose historical fully owned subsidiary is LDR Medical based in France), a global medical device company focused on proprietary surgical technologies for spine disorders, have decided to merge and Zimmer Biomet has commenced an all-cash tender offer to acquire 100% of LDR listed shares for a total consideration of more than $ 1 billion.

Founded in France in 2000, LDR designes and commercializes innovative technologies (cervical implants, screws, spine implants) making surgical procedures easier to perform ; LDR moved to USA in 2007 to raise new financing ressources and developped its own business worldwide through fully owned subsidiaries, branches or independent distributors ; LDR has then been listed on the NASDAQ market on October 2013.

Archers (with a team managed by Jean-Louis Médus) was acting as legal advisor of LDR Medical and Andrews Kurth LLP was acting as legal advisor of LDR Holding Corp in USA ; Goldman, Sachs & Co was acting as financial advisor to Zimmer Biomet and White & Case as legal advisor to Zimmer Biomet.