M&A Deal Summary

BGI-Shenzhen Acquires Complete Genomics

On March 18, 2013, BGI-Shenzhen acquired life science company Complete Genomics for 118M USD

Acquisition Highlights
  • This is BGI-Shenzhen’s 1st transaction in the Life Science sector.
  • This is BGI-Shenzhen’s largest (disclosed) transaction.
  • This is BGI-Shenzhen’s 1st transaction in the United States.
  • This is BGI-Shenzhen’s 1st transaction in California.

M&A Deal Summary

Date 2013-03-18
Target Complete Genomics
Sector Life Science
Buyer(s) BGI-Shenzhen
Deal Type Add-on Acquisition
Deal Value 118M USD
Advisor(s) Jefferies (Financial)
Latham & Watkins (Legal)

Target

Complete Genomics

Mountain View, California, United States
Complete Genomics, Inc.develops complete human genome sequencing and analysis

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Buyer(S) 1

Buyer

BGI-Shenzhen

Shenzhen, China

Category Company
Founded 1999
Sector Life Science
DESCRIPTION

BGI includes both private non-profit genomic research institutes and sequencing application commercial units that provide comprehensive sequencing and bioinformatics services for medical, agricultural and environmental applications. Our commercial activities help our customers achieve their research goals by delivering rapid, high-quality results using a broad array of cost-effective, cutting-edge technologies. Our customers also benefit from our scientific expertise and research experience that have generated over 250 publications in top-tier journals such as Nature and Science. BGI is recognized globally as an innovator for conducting international collaborative projects with leading research institutions to better mankind and our world.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1