M&A Deal Summary

Bayer CropScience AG Acquires AgraQuest

On August 16, 2012, Bayer CropScience AG acquired chemicals company AgraQuest from Otter Capital and TPG for 425M USD

Acquisition Highlights
  • This is Bayer CropScience AG’s 1st transaction in the Chemicals sector.
  • This is Bayer CropScience AG’s largest (disclosed) transaction.
  • This is Bayer CropScience AG’s 5th transaction in the United States.
  • This is Bayer CropScience AG’s 1st transaction in California.

M&A Deal Summary
Date 2012-08-16
Target AgraQuest
Sector Chemicals
Buyer(s) Bayer CropScience AG
Sellers(s) Otter Capital
TPG
Deal Type Add-on Acquisition
Deal Value 425M USD

Target

AgraQuest

Davis, California, United States
Agraquest is a leading developer of biopesticides. Agraquest leverages its proprietary screening technology and microorganism database to discover, develop, manufacture and market safe and effective natural pest management products for agricultural and other markets. Mr. Pasquesi serves as a director of Agraquest.

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Buyer(S) 1

Buyer

Bayer CropScience AG

Monheim am Rhein, Germany
Category Company
Sector Agriculture
DESCRIPTION

Bayer CropScience AG is a crop science company in the areas of seeds, crop protection, and non-agricultural pest control.

DEAL STATS #
Overall 7 of 9
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (California) 1 of 1
Country (United States) 5 of 5
Year (2012) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Abbott & Cobb - Watermelon and Melon Seed Business

Feasterville, Pennsylvania, United States

Abbott & Cobb, Inc. - Watermelon and Melon Seed Business is a producer of vegetable seed.

Buy €43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 FN Semillas S.A.

Salto, Argentina

FN Semillas S.A. specializes in the breeding, production and marketing of improved soybean seeds in Argentina.

Buy -

Seller(S) 2

SELLER

Otter Capital

Woodside, California, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Otter Capital is an unsponsored private equity firm focused on investments in growth companies. Otter looks for businesses demonstrating high barriers to entry and other competitive advantages. The Firm typically partners with management when pursuing transactions. Otter Capital is based in Palo Alto, California.

DEAL STATS #
Overall 4 of 5
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 2 of 3
Country (United States) 3 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Arch Capital

Pembroke, Bermuda

Arch Capital is a reinsurance and insurance company. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Rev360

Louisville, Colorado, United States

Rev360 provides services and partnership opportunities to optometrists. Rev360 delivers RevolutionEHR and a growing suite of practice advancement solutions to RevolutionEHR users. Rev360 was founded in 2007 and is based in Louisville, Colorado.

Buy -
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 89 of 267
Sector (Chemicals) 3 of 4
Type (Add-on Acquisition) 42 of 94
State (California) 23 of 63
Country (United States) 65 of 193
Year (2012) 11 of 15
Size (of disclosed) 52 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Ultragenyx

Novato, California, United States

Ultragenyx is a biopharmaceutical company committed to bringing to market novel products to treat rare and ultra-rare diseases, focusing on serious, debilitating genetic diseases. Ultragenyx was founded in 2010 and is based in Novato, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-28 David s Bridal

Conshohocken, Pennsylvania, United States

David’s Bridal is a retailer of bridal gowns and bridal-party related merchandise through its David’s Bridal stores and Priscilla of Boston stores. David’s Bridal stores provide an assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices. Known for value, fashionable designs and the ease of one-stop shopping, David’s Bridal designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and 5 Canadian stores. David's Bridal is based in Conshohocken, Pennsylvania.

Sell $1.1B
Mergr

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