M&A Deal Summary

Caliper Life Sciences Acquires CRi

On December 9, 2010, Caliper Life Sciences acquired life science company CRi from Massachusetts Capital Resources Company for 20M USD

Acquisition Highlights
  • This is Caliper Life Sciences’ 3rd transaction in the Life Science sector.
  • This is Caliper Life Sciences’ largest (disclosed) transaction.
  • This is Caliper Life Sciences’ 3rd transaction in the United States.
  • This is Caliper Life Sciences’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2010-12-09
Target CRi
Sector Life Science
Buyer(s) Caliper Life Sciences
Sellers(s) Massachusetts Capital Resources Company
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

CRi

Woburn, Massachusetts, United States
CRi is a biomedical imaging company which has been providing comprehensive imaging and analysis solutions to academic and commercial customers. With over 80 patents issued and pending, CRi’s innovative solutions address sub-cellular, cellular and whole animal application areas. CRi was founded 1985 and is based in Woburn, Massachusetts.

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Buyer(S) 1

Buyer

Caliper Life Sciences

Hopkinton, Massachusetts, United States
Category Company
Founded 1995
Sector Life Science
Employees469
DESCRIPTION

Caliper Life Sciences, Inc. is a provider of imaging and detection solutions for life sciences research, diagnostics and environmental markets.

DEAL STATS #
Overall 3 of 3
Sector (Life Science) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Caliper Life Sciences - SPE Extraction and Evaporation Products

Hopkinton, Massachusetts, United States

Caliper Life Sciences - SPE Extraction and Evaporation Products is a provider of RapidTrace and TurboVap product lines. RapidTrace SPE Workstation is a modular, highly scalable, automated Sample Prep high throughput Solid Phase Extraction (SPE) platform. TurboVap Concentration Evaporator Workstations are microprocessor-controlled concentrators used for sample preparation that provide unattended, automated sample evaporation.

Sell $17M

Seller(S) 1

SELLER

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 4 of 11
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 3 of 9
State (Massachusetts) 3 of 10
Country (United States) 4 of 11
Year (2010) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Quadrant Software

Mansfield, Massachusetts, United States

Quadrant Software, Inc. is a provider of electronic document management software primarily for the IBM iSeries. Quadrant provides application modernization, mobile development, business intelligence and document distribution solutions and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 HighRoads

Burlington, Massachusetts, United States

HighRoads offers a complete suite of services for Benefit Supply Chain Management. HighRoads aggregates HR program information into a central repository, automating the procurement, renewal, SPD and vendor management processes for FORTUNE 500 employers. With HighRoads’ technology-enabled consulting, employers have online access to benefit plan information and pricing, competitive benchmarks, and complete benefit supply chain management. employee welfare and improve the company’s bottom line. HighRoads was founded in 1999 and is based in Burlington, Massachusetts.

Buy -
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