Cleary Gottlieb is representing Goldman Sachs as financial advisor to Volcano Corporation, a medical device maker, in its sale to Koninklijke Philips. The all-cash transaction values Volcano at $1.2 billion (inclusive of Volcano’s cash and debt). The deal signed on December 16, 2014 and is expected to close in first quarter 2015.
Volcano is a global leader in catheter-based imaging and measurement solutions for cardiovascular applications. Its products make imaging and therapy simpler, more informative and less invasive.
Philips is a Dutch diversified health and well-being company, focused on healthcare, consumer lifestyle and lighting.
