M&A Deal Summary

Chr. Hansen A/S Acquires UAS Laboratories

On June 9, 2020, Chr. Hansen A/S acquired medical products company UAS Laboratories from Greyrock Capital Group and Lakeview Equity Partners for 530M USD

Acquisition Highlights
  • This is Chr. Hansen A/S’s 1st transaction in the Medical Products sector.
  • This is Chr. Hansen A/S’s largest (disclosed) transaction.
  • This is Chr. Hansen A/S’s 2nd transaction in the United States.
  • This is Chr. Hansen A/S’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2020-06-09
Target UAS Laboratories
Sector Medical Products
Buyer(s) Chr. Hansen A/S
Sellers(s) Greyrock Capital Group
Lakeview Equity Partners
Deal Type Add-on Acquisition
Deal Value 530M USD

Target

UAS Laboratories

Wausau, Wisconsin, United States
website
UAS Laboratories is a research, development company that manufactures probiotic nutritional supplements. UAS Laboratories was founded in 1979 and is based in Wausau, Wisconsin.

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Buyer(S) 1

Buyer

Chr. Hansen A/S

Horsholm, Denmark

website


Category Company
Founded 1874
Sector Food
Employees2,300
Revenue 8M USD (2008)
DESCRIPTION

Chr. Hansen Holding A/S develops, produces and markets unique and innovative savory solutions (the non-sweet taste spectrum), including flavors, seasoning compounds and functional ingredients for the food industry, with special emphasis on the fields of processed meat and convenience food.


DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Nutrition Physiology

Guymon, Oklahoma, United States

Nutrition Physiology Co. LLC is a researcher, developer, marketer and supplier of natural and organic, feed additives designed to improve overall herd health and feed efficiency in cattle feedlots and dairies.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-26 Oterra

Hoersholm, Denmark

Oterra is the largest global provider of naturally sourced colors for the food, beverage, dietary supplements, and pet food industry. Oterra was founded in 2020 and is based in Hoersholm, Denmark.

Sell -

Seller(S) 2

SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


DEAL STATS #
Overall 40 of 45
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 21 of 23
State (Wisconsin) 2 of 2
Country (United States) 40 of 45
Year (2020) 2 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-06 GED

Glenwillow, Ohio, United States

GED designs, engineers, and manufactures automation solutions for the North American window and door industry. The Company’s solution offerings include equipment manufacturing, production software, and aftermarket parts and services. GED is based in Glenwillow, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Precision Products Group

College Park, Maryland, United States

Precision Products Group with operations in the U.S and China is the parent company of Paramount Tube (Paramount) and Euclid Medical Products (Euclid). PPG is a manufacturer of precision tube and spring products for automotive, electrical insulation, medical and pharmaceutical, specialty packaging, and many other industrial and consumer products. Precision Products Group was founded in 1980 and is based in College Park, Maryland.

Sell -
SELLER

Lakeview Equity Partners

Milwaukee, Wisconsin, United States

Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 40M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lakeview Equity Partners is a small private equity fund that focuses on investments in Midwest-based lower middle-market companies. The Firm targets businesses valued from $5 to $50 million and that operate primarily in traditional industries. Lakeview Equity invests to support ownership changes, growth capital financings, and management buyouts. Sectors of interest include niche manufacturing, business services, food processing and packaging, specialty distribution, and financial services. Lakeview Equity is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 7 of 8
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Wisconsin) 4 of 4
Country (United States) 7 of 8
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 CFC Technology Group

Brooklyn Park, Minnesota, United States

CFC Technology Group LLC is a provider in merchant Remote Deposit Capture (RDC) solutions and managed services for community banks and credit unions. CFC Technology Group LLC was founded in 1998 and is based in Brooklyn Park, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 NutriScience USA

Milford, Connecticut, United States

NutriScience USA develops and markets branded, highly differentiated nutritional ingredients that are sold to a variety of customers including blue-chip supplement and wellness brands. NutriScience USA was founded in 1993 and is based in Milford, Connecticut.

Sell -