M&A Deal Summary

EW Group Acquires Hygiena

On February 16, 2021, EW Group acquired life science company Hygiena from Warburg Pincus and Antares Capital

Acquisition Highlights
  • This is EW Group’s 1st transaction in the Life Science sector.
  • This is EW Group’s 1st transaction in the United States.
  • This is EW Group’s 1st transaction in California.

M&A Deal Summary
Date 2021-02-16
Target Hygiena
Sector Life Science
Buyer(s) EW Group
Sellers(s) Warburg Pincus
Antares Capital
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey
Citigroup Investment Banking (Financial)
Cleary Gottlieb Steen & Hamilton (Legal)

Target

Hygiena

Camarillo, California, United States
Hygiena LLC is a microbiology and life science company that serves industrial food processors, healthcare institutions, life science researchers and the general public. The Company manufactures and sells a broad range of rapid hygiene monitoring systems, environmental collection systems and rapid dilution devices. Its products are distributed in over 50 countries worldwide. Hygiena was formed in 2000 and is headquartered in the United States in Camarillo, California with a satellite office in the United Kingdom.

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Buyer(S) 1

Buyer

EW Group

Visbek, Germany
Category Company
Sector Distribution
DESCRIPTION

EW Group GmbH engages in the breeding of egg layer genetics.

DEAL STATS #
Overall 2 of 3
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-11 Aqua Gen AS

Trondheim, Norway

Supplier of genetic material to the world salmon farming industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 Planasa

Valtierra, Spain

Planasa is a plant variety and nursery operator within the berry fruit category worldwide. The Group provides seeds, plants and R&D services to farmers, and fresh produce to retailers across the world. Planasa was founded in 1973 and is based in Valtierra, Spain.

Buy -

Seller(S) 2

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 208 of 251
Sector (Life Science) 18 of 20
Type (Add-on Acquisition) 72 of 90
State (California) 24 of 27
Country (United States) 119 of 137
Year (2021) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Personetics

Tel Aviv, Israel

Personetics is a global provider of data-driven personalization and customer engagement solutions for banks and financial services providers. Personetics was founded in 2011 and is based in Tel Aviv, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Airtel Digital TV

New Delhi, India

Bharti Telemedia is a content distribution platform in India providing DTH (direct-to-home) satellite TV to consumers across India. The company offers customized bouquets and à la carte options from TV channels across movies, news, sports, and general entertainment, as well as an on-demand library. Bharti Telemedia is based in New Delhi, India.

Sell -
SELLER

Antares Capital

Miami, Florida, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.

DEAL STATS #
Overall 37 of 44
Sector (Life Science) 3 of 3
Type (Add-on Acquisition) 16 of 19
State (California) 4 of 4
Country (United States) 36 of 43
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Area Wide Protective

North Canton, Ohio, United States

Area Wide Protective is a provider of professional traffic control design and execution services in support of utility infrastructure maintenance and construction activity. Area Wide Protective was founded in 1993 and is based in North Canton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Warehouse On Wheels

Fort Mitchell, Kentucky, United States

Warehouse On Wheels is a provider of trailer rental solutions to manufacturing, distribution and 3PL customers. The Company owns and manages a fleet of over 16,000 units including dry van trailers, containers, flatbeds, and chassis, operating via 19 branches throughout the Midwest, South and Southwest U.S. Warehouse On Wheels was founded in 2017 and is based in Fort Mitchell, Kentucky.

Buy -
Mergr

Product

Company

Legal