M&A Deal Summary

Cell Care Acquires Insception Lifebank

On October 26, 2016, Cell Care acquired life science company Insception Lifebank from Argosy Partners

Acquisition Highlights
  • This is Cell Care’s 1st transaction in the Life Science sector.
  • This is Cell Care’s 1st transaction in Canada.
  • This is Cell Care’s 1st transaction in Ontario.

M&A Deal Summary

Date 2016-10-26
Target Insception Lifebank
Sector Life Science
Buyer(s) Cell Care
Sellers(s) Argosy Partners
Deal Type Add-on Acquisition

Target

Insception Lifebank

Mississauga, Ontario, Canada
Insception Lifebank engages in the research and development of stem cell-based treatments in Canada. Insception Lifebank was founded in 1996 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Cell Care

Moorabbin, Australia

Category Company
Founded 2009
Sector Life Science
DESCRIPTION

Cell Care operates a purpose-built, state-of-the-art stem cell laboratory and storage facility. Cell Care is a family cord blood and tissue bank that has been collecting, processing, and storing cord stem cells for over ten years. Cell Care was founded in 2009 and is based in Moorabbin, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Argosy Partners

Toronto, Ontario, Canada

Investor


Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Argosy Partners is a private equity firm that provides capital to small and medium-sized Canadian businesses. Argosy markets its services through its Shotgun and Succession funds. The Shotgun Fund is designed for time sensitive opportunities with company sales between $10 and $100 million. The Succession Fund is designed to allow business owners to partially liquidate ownership. Industry sectors of interest include manufacturing, distribution, and service. Arogosy Partners was formed in 1998 and is based in Toronto.


DEAL STATS #
Overall 2 of 4
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
State: Ontario M&A 1 of 3
Country: Canada M&A 1 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-13 Nailite International

Miami,, Florida, United States

Nailite International Inc. ('Nailite'), a niche manufacturer of molded polypropylene siding ('MPS') for the remodeling and new construction housing markets. Founded in 1978, Nailite International Inc. was the first company in the siding business to develop an injection molded siding product that replicates the appearance of the traditional siding materials of natural cedar, brick and stone, thereby offering homeowners the low cost and minimal maintenance benefits of artificial siding without having to sacrifice aesthetics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Etratech Enterprises

Burlington, Ontario, Canada

Etratech Enterprises, Inc. is a designer and manufacturer of custom electronic and electromechanical control systems, offering high-quality, low-cost solutions to multinational clients in the automotive, appliance, HVAC, recreational vehicle (RV), and marine industries. Etratech Enterprises, Inc. was established in 1989 and is based in Burlington, Ontario.

Sell $64M