M&A Deal Summary

Life Technologies Acquires Ion Torrent Systems

On August 17, 2010, Life Technologies acquired information technology company Ion Torrent Systems from Bay City Capital for 375M USD

Acquisition Highlights
  • This is Life Technologies’ 3rd transaction in the Information Technology sector.
  • This is Life Technologies’ largest (disclosed) transaction.
  • This is Life Technologies’ 11th transaction in the United States.
  • This is Life Technologies’ 7th transaction in California.

M&A Deal Summary

Date 2010-08-17
Target Ion Torrent Systems
Sector Information Technology
Buyer(s) Life Technologies
Sellers(s) Bay City Capital
Deal Type Add-on Acquisition
Deal Value 375M USD

Target

Ion Torrent Systems

San Francisco, California, United States
Ion Torrent Systems, Inc. is a developer of DNA sequencing system that directly translates chemical signals (A, C, G, T) into digital information (0, 1) on a semiconductor chip.

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Buyer(S) 1

Buyer

Life Technologies

Carlsbad, California, United States

Category Company
Sector Test/Measurement Equipment
Employees10,000
Revenue 3.8B USD (2012)
DESCRIPTION

Life Technologies Corporation is a global biotechnology company that is committed to providing the most innovative products and services to leading customers in the fields of scientific research, genetic analysis and applied sciences. With a presence in more than 180 countries, the company's portfolio of 50,000 end-to-end solutions is secured by more than 5,000 patents and licenses that span the entire biological spectrum – scientific exploration, molecular diagnostics, 21st century forensics, regenerative medicine and agricultural research.


DEAL STATS #
Overall 13 of 16
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 10 of 13
State (California) 7 of 8
Country (United States) 11 of 13
Year (2010) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-27 Stokes Bio

Limerick, Ireland

Stokes Bio Ltd is an Irish company dedicated to the development and application of microfluidic technology, which helps to radically improve and enhance life sciences research and molecular diagnostics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Pinpoint Genomics

Mountain View, California, United States

Pinpoint Genomics, Inc., and its early-stage non-small cell lung cancer test that can help doctors identify those early-stage patients at high risk for progression to late-stage disease.

Buy -

Seller(S) 1

SELLER

Bay City Capital

San Rafael, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bay City Capital LLC was established in 1997 as an equal partnership between The Craves Group and certain Pritzker family business interests for the purpose of managing investment funds in the life sciences industry. Bay City looks for opportunities at all stages of development in biopharmaceuticals, drug discovery, medical devices and diagnostics. Bay City Capital is based in San Francisco, California.


DEAL STATS #
Overall 31 of 62
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 17 of 31
State (California) 14 of 33
Country (United States) 29 of 59
Year (2010) 3 of 4
Size (of disclosed) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-06 NuPathe

Malvern, Pennsylvania, United States

NuPathe, Inc. is a pharmaceutical company focused on innovative neuroscience solutions for diseases of the central nervous system including neurological and psychiatric disorders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Dermira

Menlo Park, California, United States

Dermira, Inc. is a biopharmaceutical company dedicated to bringing biotech ingenuity to medical dermatology by delivering differentiated, new therapies to the millions of patients living with chronic skin conditions. Dermira was founded in 2010 and is based in Menlo Park, California.

Buy -