M&A Deal Summary

3 Boomerang Capital Acquires ABS

On June 17, 2024, private equity firm 3 Boomerang Capital acquired life science company ABS

Acquisition Highlights
  • This is 3 Boomerang Capital’s 1st transaction in the Life Science sector.
  • This is 3 Boomerang Capital’s 1st transaction in the United States.
  • This is 3 Boomerang Capital’s 1st transaction in Delaware.

M&A Deal Summary

Date 2024-06-17
Target ABS
Sector Life Science
Buyer(s) 3 Boomerang Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ABS

New Castle, Delaware, United States
ABS provides custom solutions for drug discovery, biological research, and diagnostic labs to focus on discovery. ABS was founded in 1990 and is based in New Castle, Delaware.

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Buyer(S) 1

DESCRIPTION

3?Boomerang?Capital is a private equity firm focused on lower-middle-market healthcare companies. The Firm looks to partner with healthcare entrepreneurs and provide flexible, patient capital combined with strategic guidance and operational expertise. Specific areas of focus includes biopharma outsourcing, medical device & diagnostic manufacturing, healthcare IT/tech-enabled services, and alternate site care. 3 Boomerang Capital was formed in 2023 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 2
Sector: Life Science M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Delaware M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-03 LSOMS Holdings

Greenwich, Connecticut, United States

LSOMS Holdings provides quality, regulatory, and operational excellence consulting to biopharmaceutical, medical device, and CDMO companies worldwide. LSOMS Holdings is based in Greenwich, Connecticut.

Buy -