M&A Deal Summary

Luminex Acquires EraGen Biosciences

On June 21, 2011, Luminex acquired life science company EraGen Biosciences from First Analysis

Acquisition Highlights
  • This is Luminex’s 1st transaction in the Life Science sector.
  • This is Luminex’s 1st transaction in the United States.
  • This is Luminex’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2011-06-21
Target EraGen Biosciences
Sector Life Science
Buyer(s) Luminex
Sellers(s) First Analysis
Deal Type Add-on Acquisition

Target

EraGen Biosciences

Madison, Wisconsin, United States
EraGen Biosciences develops and commercializes high performance molecular diagnostics and drug discovery products to capitalize on the rapidly growing market for personalized medicine and rapid response needs for bioterrorism. EraGen's approach to gene-based research helps customers, partners and collaborators drive their genetic diagnostics and drug development efforts to the patient faster.

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Buyer(S) 1

Buyer

Luminex

Austin, Texas, United States

Category Company
Founded 1995
Sector Medical Products
Employees1,325
Revenue 417M USD (2020)
DESCRIPTION

Luminex is a developer, manufacturer and marketer of proprietary instruments and assays utilizing xMAP open-architecture, multi-analyte platform and MultiCode real-time polymerase chain reaction (PCR) and multiplex PCR-based technologies, that deliver cost-effective and rapid results to clinicians and researchers. Luminex was founded in 1995 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 4
Sector (Life Science) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Wisconsin) 1 of 1
Country (United States) 1 of 3
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-09 GenturaDx

Austin, Texas, United States

GenturaDx, Inc. is a molecular diagnostic company focused on developing and manufacturing high-performance molecular diagnostic products that are both affordable and practical for any laboratory.

Buy -

Seller(S) 1

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 48 of 71
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 35 of 51
State (Wisconsin) 1 of 2
Country (United States) 48 of 70
Year (2011) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-21 Trustwave

Chicago, Illinois, United States

Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 CSA Medical

Lexington, Massachusetts, United States

CSA Medical develops and sells an innovative energy-based medical console that delivers a therapeutic spray of liquid nitrogen to freeze and destroy unwanted tissue in the body. This proprietary interventional platform, the Spray Cryotherapy System, is comprised of a device and specialty catheters that allow delivery of therapeutic doses of the cryogen. CSA Medical was formed in 1993 and is based in Lexington, Massachusetts.

Buy -