M&A Deal Summary

Arcline Investment Management Acquires Akron Biotechnology

On September 11, 2019, private equity firm Arcline Investment Management acquired life science company Akron Biotechnology

Acquisition Highlights
  • This is Arcline Investment Management’s 2nd transaction in the Life Science sector.
  • This is Arcline Investment Management’s 7th transaction in the United States.
  • This is Arcline Investment Management’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-09-11
Target Akron Biotechnology
Sector Life Science
Buyer(s) Arcline Investment Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Akron Biotechnology

Boca Raton, Florida, United States
Akron Biotechnology is a provider of cGMP-compliant products and services critical for the production of advanced therapy medicinal products, including cell therapies, gene therapies, and engineered tissues. Akron offers a variety of cGMP products, including cytokines and growth factors, cryopreservation solutions, and cell culture media supplements. Akron Biotechnology was founded in 2006 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Arcline Investment Management

Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.

DEAL STATS #
Overall 7 of 27
Sector (Life Science) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 11
State (Florida) 1 of 1
Country (United States) 7 of 23
Year (2019) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Actera

Newtown, Pennsylvania, United States

Actera is a provider of functional and sensory cosmetics ingredients, including bio-actives for hair and skincare as well as specialty personal care preservatives derived from nature. Actera was founded in 2017 and is based in Newtown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Fairbanks Morse Defense

Beloit, Wisconsin, United States

Fairbanks Morse Defense develops and manufactures heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse and ALCO brand names, which are used primarily in marine and power generation applications. Fairbanks Morse Defense was founded in 1871 and is based in Beloit, Wisconsin.

Buy $450M
Mergr

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