Steel Partners Holdings Offers to Acquire InMode for $16.75 Per Share

M.N. Business Strategy proposes to acquire InMode for $16.20 per share

June 25, 2026

Medical Devices

InMode said its board received an unsolicited proposal from M.N. Business Strategy to acquire all outstanding ordinary shares not already owned by M.N. Business Strategy and its affiliates. The proposed merger would value the shares at $16.20 per share in cash, and InMode has formed a special committee of independent directors to evaluate the offer.

Steel Partners to Acquire Remaining Stake in Steel Connect

June 13, 2022

Transportation

Steel Partners Holdings will acquire the remaining common stock of Steel Connect, making Steel Connect a wholly owned subsidiary. The consideration is $1.35 per share in cash plus a contingent value right (CVR) tied to net proceeds exceeding $80 million if Steel Connect’s ModusLink subsidiary is sold within two years after closing.

O2 Investment Partners Acquires Majority Stake in Modular Devices, Inc.

January 20, 2022

Medical Devices

O2 Investment Partners has partnered with Modular Devices, Inc., a provider of mobile modular medical imaging labs and cleanroom solutions, to support the company's growth and M&A strategy; terms were not disclosed. Maranon Capital provided financial support for the transaction; Modular Devices will serve as a platform investment for O2's Fund III to expand product and service offerings across healthcare, pharmaceutical, and biotechnology markets.

Steel Excel to Acquire iGo, Inc. via Cash Stock Purchase and Short-Form Merger at $5.50/Share

January 7, 2022

Manufacturing

iGo, Inc. announced that Steel Excel Inc., a wholly owned subsidiary of Steel Partners Holdings L.P., has entered stock purchase agreements with iGo stockholders to buy shares at $5.50 per common share in cash. After reaching control (more than 90% ownership), Steel Excel plans to merge with iGo on January 14, 2022 via a short-form merger so iGo becomes an indirect wholly owned subsidiary of Steel Excel.

Nordic Capital-Led Consortium Takes Inovalon Private

November 24, 2021

Healthcare Services

Inovalon, a cloud-based healthcare data platform provider, was acquired in an all-cash transaction by an equity consortium led by Nordic Capital and joined by Insight Partners, 22C Capital, and Inovalon founder and CEO Keith Dunleavy, M.D., along with certain Class B stockholders. The deal values Inovalon at an enterprise value of about $7.3 billion and provides Inovalon stockholders $41.00 per share in cash to take the company private.

One Rock Capital Partners Acquires Innophos for $32.00 per Share (~$932M)

October 21, 2019

Manufacturing

One Rock Capital Partners, through an affiliate, acquired Innophos Holdings, Inc. for $32.00 per share in a transaction valued at approximately $932 million including assumed debt. Innophos will become a privately held company under One Rock, which plans to drive growth in food, health & nutrition end markets and strengthen Innophos' operations and commercial capabilities.