M&A Deal Summary

Limerston Capital Acquires Concept Life Sciences

On April 3, 2023, private equity firm Limerston Capital acquired life science company Concept Life Sciences from Spectris

Acquisition Highlights
  • This is Limerston Capital’s 2nd transaction in the Life Science sector.
  • This is Limerston Capital’s 11th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-04-03
Target Concept Life Sciences
Sector Life Science
Buyer(s) Limerston Capital
Sellers(s) Spectris
Deal Type Divestiture

Target

Concept Life Sciences

High Peak, United Kingdom
Concept Life Sciences is a global contract research organization primarily serving the pharmaceutical and life sciences research and development market. With an excellent track record in project execution, delivering tangible value for customers’ IP generation, and a stringent focus on quality. Concept Life Sciences was founded in 1989 and is based in High Peak, United Kingdom.

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Buyer(S) 1

Buyer

Limerston Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 300M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Limerston Capital is a private equity firm focused on control investments in UK-based businesses valued from £50 to £175 million. In addition to providing capital, Limerston looks to be a hands-on investor, working closely with management in company operations as well as pursuing growth opportunities through acquisitions and other strategies. Limerston Capital was formed in 2011 and is headquartered in London.


DEAL STATS #
Overall 12 of 13
Sector (Life Science) 2 of 3
Type (Divestiture) 2 of 3
Country (United Kingdom) 11 of 12
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Largo Leisure

Killin, United Kingdom

Largo Leisure operates the self-catering lodge, caravan, and glamping holidays across four parks loch tay highland lodge, braidhaugh holiday Park, sauchope holiday park, and letham feus holiday park. Largo Leisure was founded in 2003 and is based in Killin, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Astoriom

Rochdale, United Kingdom

Astoriom is a provider of temperature- and humidity- controlled storage solutions, and equipment services for stability trials, retained samples and long-term storage of biologic samples. The company offers storage, manufacturing, service, and validation solutions for pharmaceutical and biotechnology companies, contract manufacturers, and analytical testing companies worldwide. Astoriom is based in Rochdale, United Kingdom.

Buy -

Seller(S) 1

SELLER

Spectris

London, United Kingdom

Category Company
Founded 1915
Sector Technology Hardware
Employees7,266
Revenue 1.4B GBP (2023)
DESCRIPTION

Spectris, a supplier of productivity enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Spectris was founded in 1915 and is based in London, United Kingdom.


DEAL STATS #
Overall 5 of 5
Sector (Life Science) 1 of 1
Type (Divestiture) 5 of 5
Country (United Kingdom) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-19 Omega Engineering

Norwalk, Connecticut, United States

Omega Engineering is a provider of specialist sensors that help customers improve processes, delivered by a high service omni-channel distribution platform. Omega Engineering was founded in 1962 and is based in Norwalk, Connecticut.

Sell £403M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-04 SciAps

Andover, Massachusetts, United States

SciAps specializes in portable analytical instruments for measuring elements, minerals, and compounds using technologies like X-ray Fluorescence (XRF) and Laser-Induced Breakdown Spectroscopy (LIBS). SciAps is based in Andover, Massachusetts.

Buy $260M