M&A Deal Summary

Gen-Probe Acquires Gti Diagnostics

On December 16, 2010, Gen-Probe acquired test/measurement equipment company Gti Diagnostics from The Riverside Company for 53M USD

Acquisition Highlights
  • This is Gen-Probe’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Gen-Probe’s 2nd largest (disclosed) transaction.
  • This is Gen-Probe’s 1st transaction in the United States.
  • This is Gen-Probe’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2010-12-16
Target Gti Diagnostics
Sector Test/Measurement Equipment
Buyer(s) Gen-Probe
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

Gti Diagnostics

Waukesha, Wisconsin, United States
website
GTI Diagnostics develops, manufactures and markets specialty test kits for the in vitro diagnostics industry. Its advanced proprietary products fulfill niche testing needs and are used in over 400 laboratories. GTI is an ISO-certified company and registered with the FDA as an In Vitro Diagnostic Manufacturer.

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Buyer(S) 1

Buyer

Gen-Probe

San Diego, California, United States

website

Category Company
Founded 1983
Sector Medical Products
DESCRIPTION

Gen-Probe, Inc., is a provider in the development, manufacture and marketing of rapid, accurate and cost-effective molecular diagnostic products and services that are used primarily to diagnose human diseases, screen donated human blood, and ensure transplant compatibility.

DEAL STATS #
Overall 2 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-08 Tepnel Life Sciences

Wythenshawe, United Kingdom

Tepnel Life Sciences is a UK-based international life sciences products and services group with two divisions, Molecular Diagnostics and Research Products & Services.

Buy £93M

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 47 of 189
Sector (Test/Measurement Equipment) 1 of 3
Type (Add-on Acquisition) 19 of 81
State (Wisconsin) 4 of 10
Country (United States) 35 of 132
Year (2010) 11 of 11
Size (of disclosed) 15 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Sunrise Windows & Doors

Temperance, Michigan, United States

Sunrise Windows & Doors is a manufacturer and distributor of premium-priced, energy-efficient, custom replacement vinyl windows and patio doors, distributing its products through specialty window dealers, home improvement contractors, and building products distributors. Sunrise Windows & Doors was founded in 1994 and is based in Temperance, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Rameder

Leutenberg, Germany

Rameder is an online retailer of tow-bars, automotive carrier systems, and related accessories. Rameder manages online shops in over ten countries (including kupplung.de in Germany). Rameder was founded in 1995 and is based in Leutenberg, Germany.

Buy -
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