Add-on Acquisition • Life Science

Sartorius Stedim Biotech Acquires Biological Industries Israel Beit Haemek

On December 5, 2019, Sartorius Stedim Biotech acquired life science company Biological Industries Israel Beit Haemek from Fortissimo Capital for 45M EUR

Acquisition Context
  • This is Sartorius Stedim Biotech’s 6th transaction in the Life Science sector.
  • This is Sartorius Stedim Biotech’s 7th largest (disclosed) transaction.
  • This is Sartorius Stedim Biotech’s 1st transaction in Israel.

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M&A Deal Summary

Date December 5, 2019
Target Biological Industries Israel Beit Haemek
Sector Life Science
Buyer(s) Sartorius Stedim Biotech
Sellers(s) Fortissimo Capital
Deal Type Add-on Acquisition
Deal Value 45M EUR

Target Company

Biological Industries Israel Beit Haemek

Haifa, Israel
Biological Industries Israel Beit Haemek Ltd. focuses on cell culture media, particularly for cell and gene therapy, regenerative medicine and other advanced therapies. Biological Industries Israel Beit Haemek was founded in 1981 and is based in Haifa, Isreal.
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Buyer Overview 1

Buyer

Sartorius Stedim Biotech

Aubagne, France

Category Company
Founded 1870
Sector Internet Software and Services
Employees10,030
Revenue 2.8B EUR (2024)
DESCRIPTION

Sartorius Stedim Biotech is a provider of cutting edge products and services for the development, quality assurance and production processes of the biopharmaceutical industry. Sartorius Stedim Biotech was founded in 1870 and is based in Aubagne, France.


Deal Context for Buyer #
Overall 13 of 19
Sector: Life Science 6 of 11
Type: Add-on Acquisition 9 of 13
Country: Israel 1 of 1
Year: 2019 2 of 2
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Danaher - Life Science Portfolio

Washington, District of Columbia, United States

Danaher Corp's Life Science Portfolio includes chromatography and SoloHill business. The chromatography business addresses an essential step in downstream bioprocessing and encompasses multi-use and single-use equipment as well as columns and resins. The SoloHill business includes mainly a microcarrier technology and particle validation standards used in cell culture and other bioprocesses.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 WaterSep BioSeparations

Marlborough, Massachusetts, United States

WaterSep BioSeparations Corp. develops, manufactures, and markets hollow–fiber membrane devices and pre-sterilized assemblies for upstream and downstream biopharmaceutical applications. WaterSep BioSeparations was founded in 2002 and is based in Marlborough, Massachusetts.

Buy $27M

Seller Profile 1

SELLER

Fortissimo Capital

Tel Aviv, Israel

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fortissimo Capital is a private equity firm that targets investments in private and public Israeli companies. The Firm looks to invest in technology-based and industrial companies that require capital to expand. Fortissimo focuses on companies operating in high growth markets with proven sales, consistent revenue streams, and strong customer bases. Fortissimo will consider a variety of transaction situations including spinouts, selling shareholders, growth capital financings, and special situations. Fortissimo Capital was formed in 2004 and is based in Tel Aviv.


Deal Context for Seller #
Overall 8 of 14
Sector: Life Science 1 of 2
Type: Add-on Acquisition 4 of 8
Country: Israel 5 of 9
Year: 2019 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Polytex Technologies

Caesarea, Israel

Polytex Technologies is a provider of workwear management solutions. Polytex supports the entire workwear laundry lifecycle with a wide range of automated machines backed by centralized cloud management and monitoring applications. Polytex solutions are used by hospitals and healthcare institutes, manufacturing sites, hospitality, and fitness centers. Polytex Technologies was founded in 2003 and is based in Caesarea, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-14 Beewise

Beit HaEmek, Israel

Beewise is a developer of autonomous beehives designed to increase yield, reduce colony loss and eliminate the use of chemical pesticides. Beewise is based in Beit HaEmek, Israel.

Buy -