M&A Deal Summary

Bruker Acquires Canopy Biosciences

On September 11, 2020, Bruker acquired life science company Canopy Biosciences from Ampersand Capital Partners

Acquisition Highlights
  • This is Bruker’s 3rd transaction in the Life Science sector.
  • This is Bruker’s 14th transaction in the United States.
  • This is Bruker’s 1st transaction in Missouri.

M&A Deal Summary

Date 2020-09-11
Target Canopy Biosciences
Sector Life Science
Buyer(s) Bruker
Sellers(s) Ampersand Capital Partners
Deal Type Add-on Acquisition

Target

Canopy Biosciences

St. Louis, Missouri, United States
Canopy Biosciences LLC is a provider of gene editing and gene expression products and services. Canopy's gene-editing portfolio spans easy-to-use CRISPR kits, off-the-shelf cell lines, as well as full-service custom cell line engineering. Canopy Biosciences was founded in 2016 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Bruker

Billerica, Massachusetts, United States

Category Company
Founded 1991
Sector Test/Measurement Equipment
Employees9,707
Revenue 3.0B USD (2023)
DESCRIPTION

Bruker is a provider of high-performance scientific instruments and solutions for molecular and materials research, as well as for industrial and applied analysis. Bruker was founded in 1991 and is based in Billerica, Massachusetts.


DEAL STATS #
Overall 31 of 47
Sector (Life Science) 3 of 4
Type (Add-on Acquisition) 26 of 42
State (Missouri) 1 of 1
Country (United States) 14 of 21
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Magnettech EPR - Business

Germany

Magnettech EPR - Business is a provider of the MS 5000 benchtop system and related dedicated EPR analysis solutions, as well as global service and support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 MOLECUBES

Gent, Belgium

MOLECUBES is a manufacturer of molecular imaging instrumentation for preclinical research. MOLECUBES offers a modular benchtop platform, consisting of preclinical PET, SPECT, and CT CUBES imagers. MOLECUBES is based in Gent, Belgium.

Buy -

Seller(S) 1

SELLER

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 41 of 53
Sector (Life Science) 18 of 24
Type (Add-on Acquisition) 30 of 38
State (Missouri) 3 of 3
Country (United States) 41 of 50
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Tjoapack Netherlands

Etten-Leur, Netherlands

Tjoapack is a contract packager of medicines servicing clients across five continents and 42 countries. The CPO specializes in primary packaging for solid dosage forms, secondary packaging, and unit dose packaging and now has a total of 19 packaging lines for blisters, wallets, and bottles. Using these lines, it packages around 26 million packs of pharmaceutical products per year, which equates to around 1.4 billion tablets. Tjoapack was founded in 1989 and is based in Etten-Leur, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 ALPCO

Salem, New Hampshire, United States

ALPCO is an importer and distributor of immunoassay-based products for the North American life science markets. ALPCO is a provider of proprietary and distributed diagnostics solutions, with over 60 collaborating partners from around the globe. ALPCO was founded in 1990 and is based in Salem, New Hampshire.

Buy -