Deal Announcement 01/19: Pharma & MedTech

The Deal

The German PwC M&A team is pleased to announce the successful Closing of the acquisition of LifeLine Software Inc. (“LifeLine”) by LAP GmbH Laser Applikationen (“LAP Laser”). PwC M&A acted as exclusive financial advisor to LAP Laser on this transaction.

PwC M&A carried out an in-depth analysis of the market for quality assurance software solutions for radiation therapy on behalf of LAP Laser utilising the international network of PwC. LifeLine appeared early on as a highly attractive partner in this review process and PwC was able to initiate conversations with its shareholders. The subsequently initiated M&A process was based on constructive discussions and an early-on agreement on key commercial terms of the transaction.

The share purchase agreement for LifeLine was signed in December 2018 and the transaction was closed on 2^nd January 2019.

LAP Laser is convinced that a combination of the global strengths of LAP Laser with the innovative products of Lifeline will provide attractive international growth opportunities based on the combined offering of hardware, software and service solutions.

LifeLine Software Inc.

Founded in 1999 and headquartered today in Austin, Texas LifeLine Software Inc. strives to improve the lives of those who are racing against time to fight cancer by helping to assure patients receiving quality treatments. This is why LifeLine’s vision is to create the highest quality software products that exceed customer’s expectations. RadCalc^® is one example of LifeLine’s commitment to responding to the needs of Radiation Oncology health care providers by contributing to the enhancement of the quality of their work, and to the quality of life of their patients. RadCalc^® is utilised today in more than 2,300 cancer centres worldwide.

LAP GmbH Laser Applikationen

LAP was founded in 1984 in Luneburg, Germany. The company develops, manufactures and sells laser systems for industry and healthcare markets. These include, in particular, measuring systems, line lasers and laser projectors for industrial applications and lasers for patient positioning in radiotherapy. In addition to its headquarters in Germany, LAP serves its customers worldwide through subsidiaries in France, the USA, Singapore and China as well as an international supplier network. Around 300 employees work for LAP worldwide.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 250,000 people in 158 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

PwC M&A Germany acted as exclusive financial advisor to LAP GmbH Laser Applikationen on this transaction. The transaction was led by Alexander von Friesen (Partner) as well as Alexander Wenzel (Partner) and executed by a strong team comprising Wilfried Böckmann (Senior Manager) and Stefan Pruden (Senior Associate).