Add-on Acquisition • Life Science

Agilent Acquires BioVectra

On July 22, 2024, Agilent acquired life science company BioVectra from H.I.G. Private Equity for 925M USD

Acquisition Context
  • This is Agilent’s 6th transaction in the Life Science sector.
  • This is Agilent’s 4th largest (disclosed) transaction.
  • This is Agilent’s 1st transaction in Canada.
  • This is Agilent’s 1st transaction in Prince Edward Island.

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M&A Deal Summary

Date July 22, 2024
Target BioVectra
Sector Life Science
Buyer(s) Agilent
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition
Deal Value 925M USD

Target Company

BioVectra

Charlottetown, Prince Edward Island, Canada
BioVectra is a provider of contract manufacturing services to the global pharmaceutical and biotechnology industry and manufactures active pharmaceutical ingredients (API's), chemical intermediates, and bioprocessing reagents. BioVectra was founded in 1970 and is based in Charlottetown, Prince Edward Island.
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Buyer Overview 1

Buyer

Agilent

Santa Clara, California, United States

Category Company
Founded 1999
Sector Test/Measurement Equipment
Employees17,600
Revenue 6.5B USD (2024)
DESCRIPTION
Entrance to Agilent's headquarters in Santa Clara, California.
Entrance to Agilent's headquarters in Santa Clara, California.

Agilent produces instruments, software, services, and consumables solutions for the entire laboratory workflow. The company's life sciences and applied markets business provides 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 Context for Buyer #
Overall 38 of 38
Sector: Life Science 6 of 6
Type: Add-on Acquisition 35 of 35
State: Prince Edward Island 1 of 1
Country: Canada 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 e-MSion

Corvallis, Oregon, United States

e-MSion is an early-stage company behind the innovative electron capture dissociation (ECD) technology known as the ExD cell. e-MSion is based in Corvallis, Oregon.

Buy -

Seller Profile 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


Deal Context for Seller #
Overall 172 of 181
Sector: Life Science 2 of 2
Type: Add-on Acquisition 71 of 72
State: Prince Edward Island 1 of 1
Country: Canada 8 of 8
Year: 2024 7 of 11
Size (of disclosed) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Best Trash

Richmond, Texas, United States

Best Trash is an independent waste and recycling collection company focused on providing excellent customer service to residential customers through contracts with municipal utility districts and homeowners associations. Best Trash was founded in 2009 and is based in Richmond, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Naturalia Tantum

Milan, Italy

Naturalia Tantum is the holding company of the pole of companies active in the production and marketing of cosmetics and natural integration products. Naturalia Tantum is based in Milan, Italy.

Buy -