EndoStream Medical Acquired by Kaneka Corporation for $100 Million
Deal News | Jan 20, 2025 | Peregrine Ventures Management
EndoStream Medical, a leader in neurovascular innovation, has been acquired by Kaneka Corporation in a deal valuing the company at $100 million. This acquisition is expected to boost EndoStream's flagship product, the Nautilus implant, which offers a revolutionary approach to treating brain aneurysms. Peregrine Ventures, the sole venture capital backer since 2020, played a pivotal role in supporting EndoStream alongside leading U.S. neurosurgeons. The acquisition promises to enhance the capabilities of EndoStream through Kaneka's advanced manufacturing, aiming to expand the reach and impact of the Nautilus implant in the field of cerebrovascular care.
Sectors
- Healthcare Solutions
- Medical Devices
- Venture Capital
Geography
- Japan – Kaneka Corporation, the acquiring company, is based in Japan, making it a key geographical player in this acquisition.
- United States – EndoStream Medical has collaboration from leading U.S. neurosurgeons, indicating significant operations and influence within the United States.
Industry
- Healthcare Solutions – Kaneka Corporation's involvement in the acquisition highlights its leadership in the healthcare solutions sector, focusing on combining advanced manufacturing with innovative healthcare technology.
- Medical Devices – EndoStream Medical specializes in neurovascular innovations, specifically with its Nautilus implant for brain aneurysms, categorizing it within the medical devices industry.
- Venture Capital – Peregrine Ventures' investment role in EndoStream classifies it under the venture capital industry, showcasing strategic financial support for healthcare innovations.
Financials
- $100 million – Total company value for EndoStream Medical in the acquisition by Kaneka Corporation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EndoStream Medical | Target Company | Company | A leader in neurovascular innovation and creator of the Nautilus implant for brain aneurysms. |
| Kaneka Corporation | Acquiring Company | Company | A global leader in healthcare solutions, acquiring EndoStream Medical to enhance its cerebrovascular care offerings. |
| Peregrine Ventures | Sole Venture Capital Investor | Company | The sole venture capital investor that supported EndoStream since 2020, contributing to its technological advancements. |
| Danel Mayer | CEO | Person | Chief Executive Officer of EndoStream Medical. |
| Alon May | CTO | Person | Chief Technology Officer of EndoStream Medical. |