M&A Deal Summary

Foresight Private Equity Acquires Agar Scientific

On May 25, 2016, private equity firm Foresight Private Equity acquired medical products company Agar Scientific from Checkit for 2M GBP

Acquisition Highlights
  • This is Foresight Private Equity’s 2nd transaction in the Medical Products sector.
  • This is Foresight Private Equity’s largest (disclosed) transaction.
  • This is Foresight Private Equity’s 50th transaction in the United Kingdom.
Investment Fate
  • Agar Scientific was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2016-05-25
Target Agar Scientific
Sector Medical Products
Buyer(s) Foresight Private Equity
Sellers(s) Checkit
Deal Type Divestiture
Deal Value 2M GBP
Advisor(s) HW Corporate Finance LLP (Financial)

Target

Agar Scientific

Stansted, United Kingdom
website
Agar Scientific is a manufacturer and distributor of scientific laboratory equipment, with a focus on electron microscopy consumables. Agar Scientific Ltd. provides a fast, efficient service ensuring microscopists can purchase, with ease, from an extensive range of quality specialist materials and equipment. Agar Scientific was founded in 1981 and is based in Stansted, United Kingdom.

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Buyer(S) 1

Buyer

Foresight Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 600M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)

DEAL STATS #
Overall 53 of 186
Sector (Medical Products) 2 of 6
Type (Divestiture) 2 of 4
Country (United Kingdom) 50 of 175
Year (2016) 3 of 11
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Peekaboonursery.info

Thornton-Cleveleys, United Kingdom

Peekaboonursery.info Ltd. is an operator of nursery business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 Camloc Motion Control

Leicester, United Kingdom

Camloc Motion Control is a designer and manufacturer of gas springs and dampers. Camloc gas springs, gas struts, and dampers have been supplied to thousands of customers around the world. Camloc Motion Control was founded in 1989 and is based in Leicester, United Kingdom.

Buy -

Seller(S) 1

SELLER

Checkit

Cambridge, United Kingdom

website

Category Company
Founded 1948
Sector Electronics
Employees170
Revenue 13M GBP (2022)
DESCRIPTION

Checkit is a technology group that designs, manufactures and markets engineered products which are vital to a connected world. Checkit was founded in 1948 and is based in Cambridge, the United Kingdom.

DEAL STATS #
Overall 1 of 8
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 7
Country (United Kingdom) 1 of 8
Year (2016) 1 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-23 Arcolectric

West Molesey, United Kingdom

Arcolectric, Ltd. specialises in the manufacture of appliance switches, indicator lights and fuseholders for every kind of product from computers to coffee machines and lighting to laser printers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Carnation Designs

West Yorkshire, United Kingdom

Carnation Designs Ltd. is a manufacturer of electrical management solutions for the specialised emergency and commercial vehicles markets.

Sell -
Mergr

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