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Welsh, Carson, Anderson & Stowe to acquire majority position in K2M

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K2M, Inc., a spinal device company, and Welsh, Carson, Anderson & Stowe, a leading private equity firm, have announced they have entered into a transaction in which the equity firm will acquire the outstanding stock and become the majority shareholder of K2M, along with longtime K2M investor, Ferrer Freeman & Co., and K2M’s management.

Under the agreement, K2M’s global headquarters will remain in Leesburg, Virginia, and it will continue to operate under its existing management team, according to a press release.

“K2M has proven over the past several years to be one of the most innovative and fastest growing spine companies in the industry. We are excited to add K2M to our portfolio of medical device companies,” Paul Queally, Welsh Carson co-president, stated in the release.

The transaction is expected to close at the end of July. Piper Jaffray & Co. served as the exclusive financial advisor to K2M in this transaction.