M&A Deal Summary

Eurofins Scientific Acquires EnvironeX Group

On October 31, 2018, Eurofins Scientific acquired test/measurement equipment company EnvironeX Group from Persistence Capital Partners

Acquisition Highlights
  • This is Eurofins Scientific’s 10th transaction in the Test/Measurement Equipment sector.
  • This is Eurofins Scientific’s 4th transaction in Canada.
  • This is Eurofins Scientific’s 1st transaction in Quebec.

M&A Deal Summary
Date 2018-10-31
Target EnvironeX Group
Sector Test/Measurement Equipment
Buyer(s) Eurofins Scientific
Sellers(s) Persistence Capital Partners
Deal Type Add-on Acquisition

Target

EnvironeX Group

Quebec City, Quebec, Canada
EnvironeX Group, Inc. is a provider of Testing services to the Environment, AgriFood and Health & Pharmaceuticals sectors in Quebec, Canada. EnvironeX operates three laboratories and one service point. EnvironeX has grown steadily over the last decade, servicing a broad customer base, including industrial clients, municipalities, engineering firms and environmental consultants in sectors such as Agrifood, Agriculture, Health and Pharmaceuticals.

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Buyer(S) 1

Buyer

Eurofins Scientific

Luxembourg, Luxembourg
Category Company
Founded 1987
Sector Life Science
Employees62,000
Revenue 6.5B EUR (2023)
DESCRIPTION

Eurofins Scientific is an international group of laboratories providing a unique range of analytical testing services to the pharmaceutical, food, environmental and consumer products industries and to governments. Eurofins Scientific was incorporated in 1987 and is based in Luxembourg City.

DEAL STATS #
Overall 81 of 98
Sector (Test/Measurement Equipment) 10 of 11
Type (Add-on Acquisition) 59 of 73
State (Quebec) 1 of 1
Country (Canada) 4 of 4
Year (2018) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Laboratoire Dermscan SAS

Villeurbanne, France

Laboratoire Dermscan SAS is a provider of cosmetic & personal care products testing services. Laboratoire Dermscan SAS was founded in 1990 and is based in Villeurbanne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Transplant Genomics

Brookline, Massachusetts, United States

Transplant Genomics, Inc. is a molecular diagnostics company committed to improving organ transplant outcomes, with an initial focus on kidney transplant recipients. Transplant Genomics was founded in 2013 and is based in Brookline, Massachusetts.

Buy -

Seller(S) 1

SELLER

Persistence Capital Partners

Montreal, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

PCP Management Inc. (Persistence Capital Partners) is a specialist private equity group focused on investing in Canadian healthcare companies. The Firm targets to companies with post revenues, enterprise driven lead by strong management teams. Types of transaction includes MBOs, recapitalization, divestitures/carve outs and special situations. Persistence was formed in 2008 and is based in Montreal.

DEAL STATS #
Overall 6 of 8
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Quebec) 4 of 4
Country (Canada) 6 of 8
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Medisys Health Group

Montreal, Quebec, Canada

Medisys Health Group, Inc. is a provider of executive and occupational healthcare services to individuals and corporations. Medisys Health Group was founded in 1987 and is based in Montreal, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Anova Fertility

Toronto, Ontario, Canada

Anova Fertility is an operator of an embryology laboratory that provides patient-centric fertility and reproductive care services. Anova Fertility was founded in 2016 and is based in Toronto, Ontario.

Buy -
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