Custom Grouping

MEDICAL DEVICE INDUSTRY


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Amaranth Medical

Negotiated Sale

Key Challenge

Amaranth Medical, Inc: Amaranth was a medical device company which designed & manufactured bioresorbable stents / products for cardiovascular interventions and other nonvascular applications. Onyx executed the negotiated sale of the company & its Singapore based subsidiary Amaranth Medical, PT. Ltd, during an Assignment for the Benefit of Creditors.

Key Takeaway

ONYX prefunded and advanced the budget required to complete the sale process. The sale included substantially all of Amaranth’s assets, including intellectual property (patents, trademarks and clinical data).

See Sale
JRV Group USA

Sale Process

Key Challenge

ONYX was retained as the exclusive sales agent in a Chapter 11 sale of 283 new modified / upfitted Jeep Wranglers, with an MSRP of approximately $16 million. Due to a NHTSA safety recall the vehicles could not be sold individually or to end users, necessitating a bulk sale offering to licensed dealers only.

Key Takeaway

In addition to the bulk sale offering, ONYX conducted separate, global on-line auctions of the fabrication and automotive assembly equipment contained within the JRV facility as well as for their after market and custom parts inventory.

See Sale
Owens Precision, Inc.

Sale

Key Challenge

Owens Precision, Inc.: By order of the US Bankruptcy Court. Since 1978, Owens has been serving the aerospace, defense and process control industries. Owen was a high tolerance custom parts manufacturer serving Fortune 300 companies. Complete 50,000 plus sq. ft. facility closure located in Carson City, NV.  

Key Takeaway

ONYX provided the secured lenders with a financial minimum guaranteed recovery Negotiated Sale followed by a global, timed online auction. for this high tolerance custom parts manufacturer.  Negotiated Sale followed by a global, timed online auction of all operating equipment currently located at the company’s Carson City, NV facility.

See Sale
Intarcia - Hayward Facility Lab Assets

Sale

Key Challenge

ONYX was formally engaged as the sales agent for the sale of the analytical laboratory assets of a diabetes drug implant manufacturer, Intarcia Therapeutics. The company had raised nearly $1.75 billion in Venture Capital funding and, at their peak, received a post-money valuation of just over $4.1 billion.  

Key Takeaway

ONYX provided Intarcia with a financial minimum guaranteed recovery for the multimillion-dollar cost offering which featured the entire suite of state-of-the-art analytical laboratories located at Intarcia’s Hayward, CA manufacturing facility as part of a complete plant closure.  A two-day global online auction was held to facilitate the sale.

See Sale
Plethora

Outright Purchase

Key Challenge

Plethora Corporation – Marietta, GA: ONYX, with two strategic partners, executed an out-right purchase of all machinery & equipment and inventory of Plethora Corporation in conjunction with the company’s Assignment for the Benefit of Creditors. The sale was a complete closure of its Marietta, GA facility and featured Late-Model Haas CNC Machining & Turning Centers.  

Key Takeaway

Plethora was an on-demand manufacturer of autonomous vehicle consumer electronics and custom prototypes and end-production parts used in the defense and aerospace, medical devices, robotics, and automotive industries. The assets were offered in a 2-day auction format.

See Sale