M&A Deal Summary

Nordic Capital and Five Arrows Acquire Binding Site

On April 14, 2011, private equity firms Nordic Capital and Five Arrows acquired life science company Binding Site

Acquisition Highlights
  • This is Nordic Capital’s 5th and Five Arrows’ 1st transaction in the Life Science sector.
  • This is Nordic Capital’s 3rd and Five Arrows’ 1st transaction in the United Kingdom.
Investment Fate
  • Binding Site was sold to a publicly-traded strategic buyer in 2022 for 2.3B GBP.

M&A Deal Summary

Date 2011-04-14
Target Binding Site
Sector Life Science
Buyer(s) Nordic Capital
Five Arrows
Deal Type Buyout (LBO, MBO, MBI)

Target

Binding Site

Birmingham, United Kingdom
Binding Site is a specialist protein company committed to the research, development, manufacture and distribution of innovative immunodiagnostic assays for the global laboratory market. Binding Site was founded in 1983 and is based in Birmingham, United Kingdom.

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Buyer(S) 2

Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 57 of 142
Sector: Life Science M&A 5 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 40 of 57
Country: United Kingdom M&A 3 of 9
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-09 Munters

Kista, Sweden

Munters is a company providing energy-efficient air-treatment and climate-control solutions for industries including data centers, food, agriculture, and manufacturing. Munters was founded in 1955 and is headquartered in Kista, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-28 Falck

Copenhagen, Denmark

Falck is a provider of rescue and safety courses. Falck’s activities are directed at preventing accidents and disease; providing assistance in situations of emergency, accidents and need; and helping people move on with their lives after illness or accidents. Falck was founded in 1906 and is based in Copenhagen, Denmark.

Sell -
Buyer

Five Arrows

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 24.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.


DEAL STATS #
Overall 9 of 58
Sector: Life Science M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 15
Country: United Kingdom M&A 1 of 14
Year: 2011 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Grand Frais

Givors, France

Grand Frais is a fresh food retail specialist, offering under one roof an extensive selection of quality fresh products (fruits & vegetables, seafood, meat, dairy and grocery). Grand Frais was founded in 1992 and is based in Givors, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Kisimul

Lincoln, United Kingdom

Kisimul is a provider of residential education and care services to children and adults with severe learning difficulties, autism, challenging behaviour, Asperger syndrome and other related disabilities. Kisimul was founded in 1977 and is based in Lincoln, United Kingdom.

Buy -