M&A Deal Summary

Danaher Acquires Aldevron

On June 17, 2021, Danaher acquired life science company Aldevron from EQT for 9.6B USD

Acquisition Highlights
  • This is Danaher’s 7th transaction in the Life Science sector.
  • This is Danaher’s 3rd largest (disclosed) transaction.
  • This is Danaher’s 28th transaction in the United States.
  • This is Danaher’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2021-06-17
Target Aldevron
Sector Life Science
Buyer(s) Danaher
Sellers(s) EQT
Deal Type Add-on Acquisition
Deal Value 9.6B USD

Target

Aldevron

Fargo, North Dakota, United States
Aldevron serves the biotechnology industry with the custom production of nucleic acids, proteins, and antibodies. Thousands of clients use Aldevron-produced plasmids, RNA, and gene editing enzymes for projects ranging from discovery research to clinical trials to commercial applications. These products are critical raw materials and key components in commercially available drugs and medical devices. Aldevron was founded in 1998 and is based in Fargo, North Dakota.

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Buyer(S) 1

Buyer

Danaher

Washington, District of Columbia, United States
Category Company
Founded 1969
Sector Diversified
Employees79,000
Revenue 23.9B USD (2023)
DESCRIPTION

Danaher designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher's research and development, manufacturing, sales, distribution, service and administrative facilities are located in more than 50 countries. Danaher's business consists of five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental; and Industrial Technologies. Danaher was incorporated in 1969 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 41 of 43
Sector (Life Science) 7 of 9
Type (Add-on Acquisition) 37 of 39
State (North Dakota) 1 of 1
Country (United States) 28 of 28
Year (2021) 2 of 2
Size (of disclosed) 3 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Precision NanoSystems

Vancouver, British Columbia, Canada

Precision NanoSystems provides instruments, reagents, and services to life sciences researchers, including pharmaceutical companies, and builds strategic collaborations to revolutionize healthcare through nanotechnology. Precision NanoSystems was founded in 2010 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-28 Abcam

Cambridge, United Kingdom

Abcam is a producer and marketer of high quality protein research tools. These tools enable life scientists to analyze components of living cells at the molecular level which is essential in a wide range of fields including drug discovery, diagnostics, and basic research. Abcam was founded in 1998 and is based in Cambridge, the United Kingdom.

Buy $5.7B

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 144 of 186
Sector (Life Science) 3 of 7
Type (Add-on Acquisition) 57 of 72
State (North Dakota) 1 of 1
Country (United States) 18 of 27
Year (2021) 7 of 22
Size (of disclosed) 1 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Parcel2Go.com

Lancashire, United Kingdom

Parcel2Go.com operates a cost-effective online parcel delivery and international freight shipping service with sophisticated integrations into the world’s leading marketplaces, saving customers time as well as money. Parcel2Go offers access to the world’s leading courier services offering collection and delivery services throughout Britain, Europe, and countries across the world. Parcel2Go.com was founded in 1991 and is based in Lancashire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Mollie

Amsterdam, Netherlands

Mollie is a payment services provider in Europe, serving more than 120,000 active merchants across the continent and employing an international team of nearly 500 professionals. Mollie facilitates online payment acceptance for companies of all sizes across the Netherlands, Belgium, Germany, France, and the UK. Mollie was founded in 2004 and is based in Amsterdam, Netherlands.

Buy -
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