M&A Deal Summary

Solabia Group Acquires Algatech

On May 22, 2019, Solabia Group acquired life science company Algatech from Grovepoint

Acquisition Highlights
  • This is Solabia Group’s 1st transaction in the Life Science sector.
  • This is Solabia Group’s 1st transaction in Israel.

M&A Deal Summary

Date 2019-05-22
Target Algatech
Sector Life Science
Buyer(s) Solabia Group
Sellers(s) Grovepoint
Deal Type Add-on Acquisition

Target

Algatech

Kibbutz Ketura, Israel
Algatech Ltd. is a developer and commercialization of ingredients delivered from microalgae and used by leading food supplement, food, and cosmetic brands worldwide. Algatech was founded in 1998 and is based in Kibbutz Ketura, Israel.

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Buyer(S) 1

Buyer

Solabia Group

Paris, France

Category Company
Founded 1972
Sector Manufacturing
DESCRIPTION

Solabia Group is a manufacturer of natural active ingredients for the cosmetic, pharmaceutical, nutraceutical and microbiology industries. Solabia also produces culture media, supplements, detection kits and peptones for the food testing and pharmaceutical industries. Solabia Group was founded in 1972 and is based in Paris, France.


DEAL STATS #
Overall 1 of 3
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Israel M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-26 Laborclin

Pinhais, Brazil

Laborclin is a producer of culture media, reagents, dyes, and other products for use in laboratories for clinical analysis, research and veterinary use. Laborclin was founded in 1968 and is based in Pinhais, Brazil.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Grovepoint is a private investment firm focused on principal investing, investment management, and specialty lending. Within the FIrm's principal investing group, Grovepoint seeks 'transformational' opportunities where it can be part of the controlling group and help management with growth. Grovepoint was formed in 2010 and is headquartered in London.


DEAL STATS #
Overall 2 of 3
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Israel M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Aquamain

Somerset, United Kingdom

Aquamain is a provider of self-lay water utility services, including mains and plot connections to the UK’s leading housing developers and regional water companies. Aquamain was founded in 1994 and is based in Somerset, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 John Lawrie Group

Aberdeen, United Kingdom

John Lawrie Group provides key services to the oil and gas, construction, and utility sectors through its three divisions: Metals, which remains the largest metal recycler and exporter of processed scrap metal in North and North-East Scotland. Tubulars, which is a leading specialist in the trading of new and reusable tubulars for construction piling, and casing and drillpipe for oil and gas, around the world. Decom which provides decommissioning and recycling services to the oil and gas sector. John Lawrie Group was founded in 1930 and is based in Aberdeen, United Kingdom.

Sell -