M&A Deal Summary

Horizon Discovery Group Acquires SAGE Labs

On September 29, 2014, Horizon Discovery Group acquired life science company SAGE Labs from Telegraph Hill Partners for 48M USD

Acquisition Highlights
  • This is Horizon Discovery Group’s 1st transaction in the Life Science sector.
  • This is Horizon Discovery Group’s largest (disclosed) transaction.
  • This is Horizon Discovery Group’s 2nd transaction in the United States.
  • This is Horizon Discovery Group’s 1st transaction in Missouri.

M&A Deal Summary

Date 2014-09-29
Target SAGE Labs
Sector Life Science
Buyer(s) Horizon Discovery Group
Sellers(s) Telegraph Hill Partners
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

SAGE Labs

St. Louis, Missouri, United States
SAGE Labs, Inc. is a provider of next-generation research models, including knockout rat models, and extensive support services.

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Buyer(S) 1

Buyer

Horizon Discovery Group

Cambridge, United Kingdom

Category Company
Founded 2007
Sector Healthcare Services
Employees398
Revenue 58M GBP (2019)
DESCRIPTION

Horizon Discovery Group PLC is an international life science company supplying research tools and services to organizations engaged in genomics research and the development of personalized medicines. Horizon Discovery Group was founded in 2007 and is based in Cambridge, the United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2014) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Zalicus - CombinatoRx Service Business

United States

Zalicus, Inc. - CombinatoRx Service Business is a provider of access to the unique cHTS platform and Chalice analytics software, which enables the screening and analysis of thousands of complementary drug combinations.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 Haplogen Genomics

Vienna, Austria

Haplogen Genomics GmbH is a biotechnology company generate precisely engineered human cell lines efficiently and at a price that places genome editing within the reach of the broader academic research market through the use of haploid cells.

Buy €8M

Seller(S) 1

SELLER

Telegraph Hill Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2001
Size Middle-Market
Type Sector Focused
DESCRIPTION

Telegraph Hill Partners is a specialist private equity firm focused on investing in later-stage life science, medical device, and healthcare companies. Prospective companies should be at or near profitability and demonstrate success. Other areas of interest within the healthcare sector include life science technologies, chemistry/reagent suppliers, and information management. Telegraph Hill Partners was formed in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 17 of 28
Sector (Life Science) 7 of 12
Type (Add-on Acquisition) 14 of 23
State (Missouri) 1 of 1
Country (United States) 17 of 27
Year (2014) 2 of 3
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Agena Bioscience

San Diego, California, United States

Agena Bioscience is a life science and clinical diagnostics company that offers the MassARRAY® System. The system is a highly sensitive, quantitative method for nucleic acid detection via MALDI-TOF mass spectrometry for high-throughput genotyping and mutation profiling for cancer and other disease research, companion diagnostics, pharmacogenomics, epigenetics, clinical genetics, ag-bio genetics, and biobanking molecular sample identification. Agena Bioscience was established in 2014 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 PneumRx

Mountain View, California, United States

PneumRx, Inc. is a medical device company focused on the development and commercialization of innovative products to treat emphysema using minimally invasive techniques. PneumRx was formed in 2004 and is based in Mountain View, California.

Sell $475M