M&A Deal Summary

Novo Holdings A/S Acquires Benchmark Genetics

On November 25, 2024, corporate investor Novo Holdings A/S acquired life science company Benchmark Genetics from Benchmark Holdings for 230M GBP

Acquisition Highlights
  • This is Novo Holdings A/S’s 7th transaction in the Life Science sector.
  • This is Novo Holdings A/S’s 5th largest (disclosed) transaction.
  • This is Novo Holdings A/S’s 2nd transaction in Norway.

M&A Deal Summary
Date 2024-11-25
Target Benchmark Genetics
Sector Life Science
Buyer(s) Novo Holdings A/S
Sellers(s) Benchmark Holdings
Deal Type Divestiture
Deal Value 230M GBP

Target

Benchmark Genetics

Bergen, Norway
Benchmark Genetics is a salmonid genetics company providing eggs and other genetic services to both traditional and land-based farmers, operating across Norway, Iceland & Faroe Islands, Chile, and other major geographies. Benchmark Genetics is based in Bergen, Norway.

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Buyer(S) 1

Buyer

Novo Holdings A/S

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 1999
Size Middle-Market
Type Sector Focused
DESCRIPTION

Novo Holdings A/S is a Danish holding company and the investment arm of the Novo Nordisk Foundation. Novo Holdings' objective is to grow the assets of the Foundation and improve the lives of people around the world. In addition to investing in equity and fixed income securities, Novo Holdings pursues direct investments in life science companies. Novo Holdings A/S was established in 1999 and is headquartered in Hellerup, Denmark.

DEAL STATS #
Overall 16 of 16
Sector (Life Science) 7 of 7
Type (Divestiture) 2 of 2
Country (Norway) 2 of 2
Year (2024) 5 of 5
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-10 Stingray Marine Solutions

Oslo, Norway

Stingray Marine Solutions is an aquaculture technology company that provides advanced solutions for a more sustainable fish farming industry. The company's product, the Stingray system, utilizes a combination of camera vision, advanced proprietary software, and laser technology to remove sea lice from fish humanely and efficiently. Stingray Marine Solutions was formed in 2012 and is based in Oslo, Norway.

Buy -

Seller(S) 1

SELLER

Benchmark Holdings

Sheffield, United Kingdom
Category Company
Founded 2000
Sector Healthcare Services
Employees823
Revenue 169M GBP (2023)
DESCRIPTION

Benchmark Holdings is a provider of animal health, food, agriculture, aquaculture, and sustainability business sectors. Benchmark Holdings was incorporated in 2000 and is headquartered in Sheffield, the United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Life Science) 1 of 1
Type (Divestiture) 2 of 2
Country (Norway) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Improve International

Swindon, United Kingdom

Improve International organizes CPD courses for veterinary professionals, Republic of Ireland, Scandinavia and mainland Europe from its bases in the Portugal. Led by veterinary experts in their field, Improve’s courses are run privately and are accredited by the European School of Veterinary Postgraduate Studies (ESVPS) and/or Harper Adams University. Improve, in partnership with ESVPS and Harper Adams University, also provides courses and qualifications for Official Veterinarians in England, Scotland, and Wales. Improve International was founded in 1998 and is based in Swindon, United Kingdom.

Sell £13M
Mergr

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