M&A Deal Summary

LGC Group Acquires SeraCare Life Sciences

On November 26, 2018, LGC Group acquired life science company SeraCare Life Sciences from Linden Capital Partners and Five Points Capital

Acquisition Highlights
  • This is LGC Group’s 4th transaction in the Life Science sector.
  • This is LGC Group’s 4th transaction in the United States.
  • This is LGC Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-11-26
Target SeraCare Life Sciences
Sector Life Science
Buyer(s) LGC Group
Sellers(s) Linden Capital Partners
Five Points Capital
Deal Type Add-on Acquisition

Target

SeraCare Life Sciences

Milford, Massachusetts, United States
website
SeraCare Life Sciences, Inc. provides an innovative portfolio of diagnostic controls, plasma-derived reagents and molecular biomarkers used in the discovery, production, and clinical application of a variety of in vitro diagnostics. SeraCare’s global customer base includes in-vitro diagnostics assay developers and manufacturers, clinical laboratories, pharmaceutical companies, and proficiency providers.

Search 192,510 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

LGC Group

Teddington, United Kingdom

website


Category Company
Founded 1842
Sector Test/Measurement Equipment
Employees3,200
Revenue 222M GBP (2015)
DESCRIPTION

LGC Group is an international life science measurement and testing company. LGC provides a range of measurement products and services that underpin the safety, health, and security of the public, including reference materials and proficiency testing, genomics reagents and instrumentation, and expert sample analysis and interpretation. LGC Group was founded in 1842 and is based in Teddington, United Kingdom.


DEAL STATS #
Overall 7 of 9
Sector (Life Science) 4 of 5
Type (Add-on Acquisition) 5 of 7
State (Massachusetts) 1 of 1
Country (United States) 4 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 LGC - Forensics & Security Division

United Kingdom

LGC - Forensics & Security Division is a provider of forensic science services including casework, DNA testing, digital forensics, drugs and toxicology and firearms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 The Native Antigen

Oxford, United Kingdom

The Native Antigen Co. is a developer, manufacturer, and supplier of critical reagents to the in vitro diagnostic (IVD), pharmaceutical, and academic sectors. It offers a comprehensive portfolio of native and recombinant infectious disease antigens and related products including pathogen receptors, virus-like particles, and antibodies for use in immunoassay applications, vaccine development, and quality control solutions. The Native Antigen was founded in 2010 and is based in Oxford, United Kingdom.

Buy -

Seller(S) 2

SELLER

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 17 of 27
Sector (Life Science) 3 of 5
Type (Add-on Acquisition) 8 of 12
State (Massachusetts) 2 of 2
Country (United States) 17 of 27
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Solara Medical Supplies

Chula Vista, California, United States

Solara Medical Supplies LLC is an independent distributor of continuous glucose monitors (“CGM”) in the United States and offers a comprehensive suite of direct-to-patient diabetes management supplies to patients throughout the country, including CGMs, insulin pumps and other diabetic supplies. Solara Medical Supplies was founded in 2002 and is based in Chula Vista, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-27 Avalign Technologies

Rosemont, Illinois, United States

Avalign Technologies is a manufacturer of implants and instruments, specialty instrumentation, cutting tools, and cases and trays to the orthopedic medical device and specialty surgical markets. Avalign Technologies, Inc. is comprised of two divisions, avalign orthopedics, and avalign Surgical. Avalign Orthopedics manufactures premium implants and instruments for orthopedic, spine, and trauma applications. Avalign Technologies was founded in 2005 and is based in Rosemont, Illinois.

Buy -
SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 36 of 56
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 9 of 23
State (Massachusetts) 1 of 2
Country (United States) 36 of 56
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Fleetgistics

Orlando, Florida, United States

Fleetgistics, Inc. is a provider of outsourced same-day, dedicated route logistics services to customers predominantly located on the east coast of the United States. Fleetgistics was formed in 1987 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 ISG

Indianapolis, Indiana, United States

ISG provides services and parts to critical-to-process industrial rotating equipment for a diversified blue chip customer base comprised mainly of large industrial, power, paper, and energy companies. ISG was formed in 2018 and is based in Indianapolis, Indiana.

Buy -