M&A Deal Summary

Eurofins Scientific Acquires EAG Laboratories

On December 4, 2017, Eurofins Scientific acquired test/measurement equipment company EAG Laboratories from Odyssey Investment Partners and Newstone Capital Partners for 780M USD

Acquisition Highlights
  • This is Eurofins Scientific’s 6th transaction in the Test/Measurement Equipment sector.
  • This is Eurofins Scientific’s largest (disclosed) transaction.
  • This is Eurofins Scientific’s 18th transaction in the United States.
  • This is Eurofins Scientific’s 5th transaction in California.

M&A Deal Summary
Date 2017-12-04
Target EAG Laboratories
Sector Test/Measurement Equipment
Buyer(s) Eurofins Scientific
Sellers(s) Odyssey Investment Partners
Newstone Capital Partners
Deal Type Add-on Acquisition
Deal Value 780M USD

Target

EAG Laboratories

San Diego, California, United States
website
EAG Laboratories is a North American provider of advanced chemical testing services for pesticides, industrial and household chemicals. It provides end-to-end support for e-fate, metabolism, eco-toxicology and residue studies required for pesticide and chemical regulatory testing to support global registration requirements.

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Buyer(S) 1

Buyer

Eurofins Scientific

Luxembourg, Luxembourg

website

Category Company
Founded 1987
Sector Life Science
Employees51,516
Revenue 5.4B EUR (2020)
DESCRIPTION

Eurofins Scientific is an international group of laboratories providing a unique range of analytical testing services to the pharmaceutical, food, environmental and consumer products industries and to governments. Eurofins Scientific was incorporated in 1987 and is based in Luxembourg City, Luxembourg.

DEAL STATS #
Overall 64 of 95
Sector (Test/Measurement Equipment) 6 of 11
Type (Add-on Acquisition) 45 of 71
State (California) 5 of 10
Country (United States) 18 of 30
Year (2017) 15 of 16
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Institut Nehring

Braunschweig, Germany

Institut Nehring GmbH is a provider of an analytical tests for all food products, including: chemical, physical, biochemical, microbiological and sensorial testing. Institut Nehring was founded in 1905 and is based in Braunschweig, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Pasteur Group

Andorra la Vella, Andorra

Pasteur Group is a clinical diagnostics testing provider. Pasteur Group was established in 1966 and is based in Andorra.

Buy -

Seller(S) 2

SELLER

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 30 of 33
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (California) 4 of 4
Country (United States) 29 of 32
Year (2017) 5 of 5
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 TrialCard

Morrisville, North Carolina, United States

TrialCard is a provider of patient access and medication adherence support services on behalf of pharmaceutical manufacturers. TrialCard was founded in 2001 and is based in Morrisville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Aramsco

Paulsboro, New Jersey, United States

Aramsco is a distributor of products, equipment, and services to specialty contractors in North America. The Company carries more than 30,000 different products ranging from personal protective equipment to specialty chemicals and equipment. Aramsco complements this product offering with a suite of value-added services such as equipment repair, rental, and training. Aramsco was founded in 1966 and is based in Paulsboro, New Jersey.

Buy -
SELLER

Newstone Capital Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Newstone Capital Partners is an independent private investment firm focused on investing in mezzanine securities of middle-market businesses. Newstone looks for companies operating in the manufacturing and consumer products/service industries. Prospective businesses typically generate sales of $100 million to $1 billion and EBITDA in excess of $20 million. The Firm can commit up to $100 million per transaction. Proceeds are generally used to support leveraged buyouts, recapitalizations, and growth capital financings. Newstone Capital Partners has offices in Los Angeles, California and Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-25 EAG Laboratories

San Diego, California, United States

EAG Laboratories is a North American provider of advanced chemical testing services for pesticides, industrial and household chemicals. It provides end-to-end support for e-fate, metabolism, eco-toxicology and residue studies required for pesticide and chemical regulatory testing to support global registration requirements.

Buy -
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