M&A Deal Summary

ClinTrials Research Acquires Bio-Research Laboratories

On May 25, 1996, ClinTrials Research acquired life science company Bio-Research Laboratories from CAI Capital Partners

Acquisition Highlights
  • This is ClinTrials Research’s 1st transaction in the Life Science sector.
  • This is ClinTrials Research’s 1st transaction in Canada.
  • This is ClinTrials Research’s 1st transaction in Quebec.

M&A Deal Summary

Date 1996-05-25
Target Bio-Research Laboratories
Sector Life Science
Buyer(s) ClinTrials Research
Sellers(s) CAI Capital Partners
Deal Type Add-on Acquisition

Target

Bio-Research Laboratories

Montreal, Quebec, Canada
Bio-Research Laboratories Ltd. is one of the world's leading pre-clinical contract research organizations (CRO). The Company, located near Montreal, was established in 1965 and has an extensive international client base in the pharmaceutical and biotechnology industries.

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Buyer(S) 1

Buyer

ClinTrials Research

Cary, North Carolina, United States

Category Company
Sector Life Science
Employees1,571
DESCRIPTION

ClinTrials Research, Inc. Provides services to pharmaceutical, biotechnology, and medical device industries.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (1996) 1 of 1

Seller(S) 1

SELLER

CAI Capital Partners

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

CAI Capital Partners is a private equity firm that targets lower middle-market, profitable companies with $3 million or more of EBITDA. CAI Capital Partners has a special interest in founder-led business services or specialty manufacturing companies. CAI Capital Partners was formed in 1989 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 2 of 22
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 2 of 14
State (Quebec) 1 of 2
Country (Canada) 2 of 11
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Zalev Metals

Windsor, Ontario, Canada

Based in Windsor, Ontario, and established in 1914 as a family-owned and operated business, Zalev Metals collects, processes and supplies recycled ferrous and non-ferrous metals for the North American steel and automotive industries. In 1996, when CAI encountered Zalev, it was Canada's second largest metals recycler and was still family-owned and operated.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Livingston International

Toronto, Ontario, Canada

Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management and freight forwarding. It provides clarity in a world of trade complexity, so businesses can grow further, faster and smarter. Livingston employs associates at more than 100 key border points, sea ports, airports and other strategic locations across North America, Europe and Asia.

Buy -