M&A Deal Summary

Agilent Acquires Dako AS

On May 17, 2012, Agilent acquired medical products company Dako AS from EQT and Intermediate Capital Group for 2.2B USD

Acquisition Highlights
  • This is Agilent’s 2nd transaction in the Medical Products sector.
  • This is Agilent’s largest (disclosed) transaction.
  • This is Agilent’s 1st transaction in Denmark.

M&A Deal Summary
Date 2012-05-17
Target Dako AS
Sector Medical Products
Buyer(s) Agilent
Sellers(s) EQT
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

Dako AS

Glostrup, Denmark
Dako AS is a global leader in tissue based cancer diagnostics. Dako provides reagents, instruments and software for high-quality cancer diagnosis and efficient laboratory processes.

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Buyer(S) 1

Buyer

Agilent

Santa Clara, California, United States
Category Company
Founded 1999
Sector Test/Measurement Equipment
Employees17,600
Revenue 6.8B USD (2023)
DESCRIPTION
Entrance to Agilent's headquarters in Santa Clara, California.
Entrance to Agilent's headquarters in Santa Clara, California.

Agilent is a producer of solutions that includes instruments, software, services, and consumables for the entire laboratory workflow. Agilent's life sciences and applied markets business provide application-focused solutions that include instruments and software that enable customers to identify, quantify, and analyze the physical and biological properties of substances and products, as well as enable customers in the clinical and life sciences research areas to interrogate samples at the molecular level. Agilent was founded in 1999 and is based in Santa Clara, California.

DEAL STATS #
Overall 18 of 38
Sector (Medical Products) 2 of 7
Type (Add-on Acquisition) 15 of 35
Country (Denmark) 1 of 1
Year (2012) 2 of 3
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-21 Accelicon Technologies

Cupertino, California, United States

Accelicon provides device-level modeling and validation software for the electronics industry. Solutions include MBP for device-level extraction and model generation, MQA for device-level model validation and AMA for advanced model analysis including layout effects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-31 Aurora SFC Systems

Redwood City, California, United States

Aurora SFC Systems, Inc. is a provider of supercritical fluid chromatography products for laboratory research and development.

Buy -

Seller(S) 2

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 47 of 186
Sector (Medical Products) 3 of 12
Type (Add-on Acquisition) 23 of 72
Country (Denmark) 8 of 22
Year (2012) 3 of 5
Size (of disclosed) 11 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-11 Leybold Optics

Alzenau, Germany

Leybold Optics GmbH is a world leader in vacuum thin film technology and develops and manufactures deposition equipment for a broad range of applications including optics, architectural glass and solar.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 BSN medical

Hamburg, Germany

BSN medical GmbH is an innovative medical solutions company with well-known brands such as Leukoplast, Cutimed, JOBST, Delta Cast, Delta Lite and Actimove which are long established brand leaders in their key markets.

Buy €1.8B
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 129 of 217
Sector (Medical Products) 5 of 6
Type (Add-on Acquisition) 33 of 67
Country (Denmark) 3 of 5
Year (2012) 4 of 9
Size (of disclosed) 6 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Fitness First Group

Dorset, United Kingdom

Fitness First Group Ltd. is a health club operator in the world with over one million members and over 400 clubs in 15 countries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-28 SCF Group

Marleston, Australia

SCF Group is an Australia’s specialised container lesser to the transport industry and a supplier of container equipment to both corporate and retail customers. SCF Group was founded in 1991 and is based in Marleston, Australia.

Buy -
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