Add-on Acquisition • Test/Measurement Equipment

Instrumentation Laboratory Co. Acquires Accriva Diagnostics

On January 20, 2017, Instrumentation Laboratory Co. acquired test/measurement equipment company Accriva Diagnostics from Warburg Pincus

Acquisition Context
  • This is Instrumentation Laboratory Co.’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Instrumentation Laboratory Co.’s 1st transaction in the United States.
  • This is Instrumentation Laboratory Co.’s 1st transaction in California.

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M&A Deal Summary

Date January 20, 2017
Target Accriva Diagnostics
Sector Test/Measurement Equipment
Buyer(s) Instrumentation Laboratory Co.
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target Company

Accriva Diagnostics

San Diego, California, United States
Accriva Diagnostics is a leader in hemostasis management and POC testing. Accriva develops, manufactures, and markets: Hemochron® and ProTime® POC coagulation systems; IRMA TruPoint® Blood Gas and Electrolyte systems; Avoximeter® CO-Oximetry systems; and Tenderfoot®, Tenderlett® and Surgicutt® skin incision products.
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Buyer Overview 1

Buyer

Instrumentation Laboratory Co.

Bedford, Massachusetts, United States

Category Company
Founded 1959
Sector Medical Products
DESCRIPTION

Instrumentation Laboratory Co. is a developer, manufacturer and distributor of in vitro diagnostic instruments, related reagents and data management solutions for use primarily in hospitals and independent clinical laboratories.


Deal Context for Buyer #
Overall 2 of 2
Sector: Test/Measurement Equipment 1 of 1
Type: Add-on Acquisition 2 of 2
State: California 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 CA Casyso AG

Basel-Stadt, Switzerland

CA Casyso AG is a provider of vitro diagnostic (IVD) testing for patient Blood Management (PBM) with their flagship ROTEM testing systems.

Buy -

Seller Profile 1

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 Context for Seller #
Overall 139 of 265
Sector: Test/Measurement Equipment 1 of 1
Type: Add-on Acquisition 54 of 97
State: California 18 of 27
Country: United States 85 of 150
Year: 2017 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Taiji Data

China

Taiji Data is a carrier-neutral data center operator based in China. The goal of Taiji is to capitalize on the rapid growth in China’s data center sector and to create a leading wholesale data center platform (the Digital Realty of China) through greenfield developments, brownfield conversions and acquisitions in Tier 1 cities and surrounding areas, as well as in select Tier 2 cities in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 Newfi Lending

Emeryville, California, United States

Newfi Lending is a national mortgage lender reshaping the borrowing experience through a combination of proprietary technology and product innovation. The company delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. Newfi Lending was formed in 2014 and is based in Emeryville, California.

Buy -