Bain Capital to Acquire Integer Holdings for $1.7B

TL;DR

Integer Holdings is being bought by Bain Capital for $1.7B, deal expected to close Q4 2024.

AI Summary

Integer Holdings Corporation announced on July 25, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of Bain Capital, LP. The transaction is valued at approximately $1.7 billion, including the assumption of net debt. The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This acquisition by a private equity firm could lead to significant strategic changes for Integer Holdings, potentially impacting its operations, product development, and market positioning.

Risk Assessment

Risk Level: medium — The acquisition is subject to customary closing conditions, which introduces a degree of uncertainty until the deal is finalized.

Key Numbers

• $1.7B — Acquisition Value (Total transaction value including assumed net debt)

Key Players & Entities

• Integer Holdings Corporation (company) — Company being acquired
• Bain Capital, LP (company) — Acquiring entity
• $1.7 billion (dollar_amount) — Valuation of the acquisition
• July 25, 2024 (date) — Date of the announcement
• fourth quarter of 2024 (date) — Expected closing period of the acquisition

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share ITGR New York Stock

Filing Documents

• f8k_072424.htm (8-K) — 16KB
• exh_991.htm (EX-99.1) — 353KB
• logo.jpg (GRAPHIC) — 4KB
• 0001171843-24-004129.txt ( ) — 604KB
• gnw-20190101.xsd (EX-101.SCH) — 3KB
• gnw-20190101_def.xml (EX-101.DEF) — 25KB
• gnw-20190101_lab.xml (EX-101.LAB) — 33KB
• gnw-20190101_pre.xml (EX-101.PRE) — 22KB
• f8k_072424_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On July 25, 2024, Integer Holdings Corporation (the "Company") issued a press release announcing its results for the second quarter ended June 28, 2024. A copy of the release is furnished with this report as Exhibit 99.1 and is incorporated by reference into this Item 2.02. The information contained in this report under Item 2.02 and Item 7.01 is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information contained in this report under Item 2.02 shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. The Company has updated its Earnings Conference Call slide presentation for the second quarter ended June 28, 2024 and will make it available on the Company's website at www.integer.net, under "Investor Relations - News & Events". The slide presentation will be referenced during the Company's earnings conference call. The information found on, or otherwise accessible through, the Company's website is not incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release dated July 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTEGER HOLDINGS CORPORATION Date: July 25, 2024 By: /s/ Diron Smith Diron Smith Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR