M&A Deal Summary

Abcam Acquires AxioMx

On December 1, 2015, Abcam acquired life science company AxioMx from Ironwood Capital and Advantage Capital Partners for 20M USD

Acquisition Highlights
  • This is Abcam’s 5th transaction in the Life Science sector.
  • This is Abcam’s 4th largest (disclosed) transaction.
  • This is Abcam’s 4th transaction in the United States.
  • This is Abcam’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2015-12-01
Target AxioMx
Sector Life Science
Buyer(s) Abcam
Sellers(s) Ironwood Capital
Advantage Capital Partners
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

AxioMx

Branford, Connecticut, United States
AxioMx, Inc. is a innovator of phage display antibody technologies and a leading provider of recombinant antibody development and production services. The current monoclonal and polyclonal antibody development paradigm is too slow and does not always result in consistent, renewable, and quality antibodies. Until recently the timelines and cost of phage display protocols have made the method impractical for most research and diagnostic reagent purposes. AxioMx’s innovative improvements to traditional phage display methods now make phage display a favored approach to antibody development for research, diagnostic, and therapeutic applications.

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Buyer(S) 1

Buyer

Abcam

Cambridge, United Kingdom

Category Company
Founded 1998
Sector Life Science
Employees1,682
Revenue 362M GBP (2022)
DESCRIPTION

Abcam is a producer and marketer of high quality protein research tools. These tools enable life scientists to analyze components of living cells at the molecular level which is essential in a wide range of fields including drug discovery, diagnostics, and basic research. Abcam was founded in 1998 and is based in Cambridge, the United Kingdom.


DEAL STATS #
Overall 5 of 8
Sector (Life Science) 5 of 8
Type (Add-on Acquisition) 5 of 7
State (Connecticut) 1 of 1
Country (United States) 4 of 7
Year (2015) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-23 Firefly BioWorks

Cambridge, Massachusetts, United States

Firefly BioWorks is introducing an open platform that allows industrial, diagnostic, and clinical scientists to develop and use biological assays that can be executed on standard laboratory instrumentation.

Buy $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Calico Biolabs

Pleasanton, California, United States

Calico Biolabs is a developer of recombinant rabbit monoclonal antibodies for diagnostics and pharmaceutical company partners. Calico Biolabs is based in Pleasanton, California.

Buy -

Seller(S) 2

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 17 of 53
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 12 of 32
State (Connecticut) 7 of 15
Country (United States) 17 of 53
Year (2015) 3 of 4
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Air Temp Mechanical Services

Berlin, Connecticut, United States

Air Temp Mechanical Services is a HVAC service providers. Air Temp Mechanical Services operates as a full-service mechanical contractor with an emphasis on design-build, service, maintenance, controls, retrofits, replacements, and energy management systems. Air Temp Mechanical Services was founded in 1978 and is based in Berlin, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 The Roberts Company

Winterville, North Carolina, United States

The Roberts Company, Inc. is an industrial construction, fabricator, and plant maintenance contractor. TRC's field services division specializes in providing plant maintenance, plant retrofits and expansion services largely in the Mid-Atlantic region, while its fabrication division manufactures ASME code pressure vessels, heat exchangers, reactors, columns, conveyors, skids/ducts/piping, high purity equipment and storage tanks for customers in the United States and abroad.

Sell $500K
SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 64 of 97
Sector (Life Science) 5 of 6
Type (Add-on Acquisition) 33 of 54
State (Connecticut) 3 of 9
Country (United States) 64 of 97
Year (2015) 6 of 6
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 BroadRiver

Atlanta, Georgia, United States

BroadRiver is a provider for cloud, voice, data, internet connectivity, hosting, colocation and managed services. BroadRiver is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Recursion Pharmaceuticals

Salt Lake City, Utah, United States

Recursion Pharmaceuticals is a drug discovery company. Recursion uses a novel drug screening platform to efficiently repurpose and reposition drugs to treat rare genetic diseases. Recursion’s novel drug screening platform combines experimental biology and bioinformatics in a massively parallel system to quickly and efficiently identify treatments for multiple rare genetic diseases. Recursion Pharmaceuticals was founded in 2013 and is based in Salt Lake City, Utah.

Buy -