M&A Deal Summary

GHO Capital Partners and The BroadOak Fund Acquire Biocare Medical

On December 9, 2021, private equity firm GHO Capital Partners and growth capital firm The BroadOak Fund acquired test/measurement equipment company Biocare Medical from Excellere Partners

Acquisition Highlights
  • This is GHO Capital Partners’ 1st and The BroadOak Fund’s 1st transaction in the Test/Measurement Equipment sector.
  • This is GHO Capital Partners’ 7th and The BroadOak Fund’s 14th transaction in the United States.
  • This is GHO Capital Partners’ 2nd and The BroadOak Fund’s 6th transaction in California.

M&A Deal Summary
Date 2021-12-09
Target Biocare Medical
Sector Test/Measurement Equipment
Buyer(s) GHO Capital Partners
The BroadOak Fund
Sellers(s) Excellere Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Hogan Lovells (Legal)

Target

Biocare Medical

Pacheco, California, United States
Biocare Medical is a provider of immunohistochemistry (IHC) instrumentation, as well as a full range of reagents for IHC and molecular testing. The company engages in IHC and molecular diagnostic reagents, including simultaneous Multiplex IHC tests that provide increased confidence at critical diagnostic decision points, positively influencing patient therapy while accelerating turnaround time. Biocare Medical was founded in 1997 and is based in Pacheco, California.

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Buyer(S) 2

Buyer

GHO Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 6.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

GHO Capital Partners is a private investment firm focused on the healthcare sector. The Firm will consider opportunities throughout Europe and seeks well-established, profitable businesses that have the potential to deliver a combination of double-digit top line growth, significant efficiency gains and international expansion. GHO Capital Partners was established in 2014 and is based in London, England.

DEAL STATS #
Overall 17 of 20
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 9 of 11
State (California) 2 of 3
Country (United States) 7 of 9
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Genesis Research

Hoboken, New Jersey, United States

Genesis Research is an international healthcare consultancy specializing in value evidence strategy, development, optimization, and communication. The company's core competencies reside in meta-research, modeling, data analytics, scientific writing, and simulation & risk analytics. Genesis Research was founded in 2009 and is based in Hoboken, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Alcami

Wilmington, North Carolina, United States

Alcami is a fully-integrated end-to-end contract development and manufacturing organization. Alcami serves pharmaceutical and biotech companies of all sizes providing customizable and innovative solutions for analytical development, clinical to commercial sterile and oral solid manufacturing, packaging, microbiology, cGMP biostorage, environmental monitoring, and pharmaceutical support services. Alcami was founded in 1979 and is based in Wilmington, North Carolina.

Buy -
Buyer

The BroadOak Fund

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Small
Type Sector Focused
DESCRIPTION

The BroadOak Fund is the investment affiliate of life science focused investment bank BroadOak Capital Partners. The BroadOak Fund provides growth capital to life sciences tools and service providers that have achieved a level of commercial success. The BroadOak Fund is based in Bethesda, Maryland.

DEAL STATS #
Overall 15 of 25
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 2 of 2
State (California) 6 of 9
Country (United States) 14 of 23
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 PBS Biotech

Camarillo, California, United States

PBS Biotech is a manufacturer of single-use bioreactor systems. PBS Bioreactors utilize proprietary “Vertical-WheelTM” technology to support shear sensitive cell therapy products and offer unmatched scale up capabilities. PBS Biotech was founded in 2006 and is based in Camarillo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Accellix

San Jose, California, United States

Accellix is a biotechnology company dedicated to developing and commercializing the Accellix Platform to enable its customers in the field of cell and gene therapy to meet their critical QC requirements as they advance life changing therapies benefiting patients worldwide. Accellix was founded in 2007 and is based in San Jose, California.

Buy -

Seller(S) 1

SELLER

Excellere Partners

Denver, Colorado, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 2.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Excellere Partners is a private equity firm focused on mid-market recapitalizations, management buyouts, and consolidation opportunities. Excellere looks to partner with management on transactions and targets opportunities in business services, education/training, healthcare, industrial services, and specialty foods. Excellere Partners was formed in 2006 and is based in Denver, Colorado.

DEAL STATS #
Overall 10 of 12
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 6 of 7
State (California) 1 of 1
Country (United States) 10 of 12
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Molecular Designs

Birmingham, Alabama, United States

Molecular Designs is a developer, manufacturer, and supplier of multiplex assays for molecular testing and research. Utilizing time-tested PCR to identify pathogens rapidly not only improves patient care but also advances antibiotic stewardship. Molecular Designs was founded in 2019 and is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 G2 Integrated Solutions

Houston, Texas, United States

G2 Integrated Solutions is a full service pipeline and asset integrity group works alongside pipeline operators, utility companies, and other energy stakeholders offering services in a host of disciplines, including; engineering, regulatory compliance, integrity management, environmental management and operation of energy assets. G2 Integrated Solutions is based in Houston, Texas.

Sell -
Mergr

Product

Company

Legal