M&A Deal Summary

Prairie Capital Acquires Kashi Clinical Laboratories

On July 20, 2024, private equity firm Prairie Capital acquired life science company Kashi Clinical Laboratories

Acquisition Highlights
  • This is Prairie Capital’s 1st transaction in the Life Science sector.
  • This is Prairie Capital’s 76th transaction in the United States.
  • This is Prairie Capital’s 5th transaction in Oregon.

M&A Deal Summary
Date 2024-07-20
Target Kashi Clinical Laboratories
Sector Life Science
Buyer(s) Prairie Capital
Deal Type Recapitalization

Target

Kashi Clinical Laboratories

Portland, Oregon, United States
Kashi Clinical Laboratories is a clinical laboratory providing specialized solutions to academic institutions, biopharma, hospitals, long-term care facilities, and transplant centers worldwide. The company offers HLA typing for transplant donor matching including post-transplant monitoring, genomic sequencing, and other diagnostic testing. Kashi Clinical Laboratories was formed in 2006 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 78 of 78
Sector (Life Science) 1 of 1
Type (Recapitalization) 25 of 25
State (Oregon) 5 of 5
Country (United States) 76 of 76
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-17 Upshop

Tampa, Florida, United States

Upshop is a provider of a Software as a Service (SaaS) platform designed to streamline forecasting, ordering, production, and inventory optimization processes for food retailers. The unified platform simplifies and enhances associate tasks, fostering smarter and more interconnected operations across fresh, center-aisle, direct store delivery, and eCommerce departments. Upshop was founded in 1989 and is based in Tampa, Florida.

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