M&A Deal Summary

Sartorius Stedim Biotech Acquires Essen BioScience

On March 3, 2017, Sartorius Stedim Biotech acquired medical products company Essen BioScience from SFW Capital Partners for 320M USD

Acquisition Highlights
  • This is Sartorius Stedim Biotech’s 5th transaction in the Medical Products sector.
  • This is Sartorius Stedim Biotech’s 4th largest (disclosed) transaction.
  • This is Sartorius Stedim Biotech’s 5th transaction in the United States.
  • This is Sartorius Stedim Biotech’s 1st transaction in Michigan.

M&A Deal Summary

Date 2017-03-03
Target Essen BioScience
Sector Medical Products
Buyer(s) Sartorius Stedim Biotech
Sellers(s) SFW Capital Partners
Deal Type Add-on Acquisition
Deal Value 320M USD

Target

Essen BioScience

Ann Arbor, Michigan, United States
Essen BioScience, Inc. is a provider of field of cell-based assays and instrumentation used for drug discovery and basic research applications.

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Buyer(S) 1

Buyer

Sartorius Stedim Biotech

Aubagne, France

Category Company
Founded 1870
Sector Internet Software and Services
Employees10,493
Revenue 816.0B EUR (2023)
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 STATS #
Overall 10 of 19
Sector (Medical Products) 5 of 6
Type (Add-on Acquisition) 8 of 13
State (Michigan) 1 of 1
Country (United States) 5 of 7
Year (2017) 1 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-15 Virocyt

Broomfield, Colorado, United States

Virocyt, Inc. is a provider in the field of rapid virus quantification. ViroCyt develops life science instrumentation and assay products for the analysis of viruses and microorganisms.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 MKS Instruments AB

Malmo, Sweden

MKS Instruments AB (Umetrics) is a provider of data analytics software for modeling and optimizing development and manufacturing processes. SSB has been a cooperation partner of Umetrics since the end of 2012, distributing and co-marketing their software to major players in the biopharmaceutical industry.

Buy $73M

Seller(S) 1

SELLER

SFW Capital Partners

Rye, New York, United States

Category Private Equity Firm
Founded 2007
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

SFW Capital Partners is a private equity firm that seeks investments in US based, lower middle market companies that provide analytical tools or related outsourced analytical services. Specific areas of interest include test, measurement, and control instruments, as well as analytical software and information services. SFW primarily seeks control positions where the firm can commit $25 to $200 million per transaction. SFW Capital Partners was formed in 2007 and is based in Rye, New York.


DEAL STATS #
Overall 7 of 12
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Michigan) 1 of 2
Country (United States) 7 of 12
Year (2017) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 DaySmart Software

Ann Arbor, Michigan, United States

DaySmart Software is a provider of business management software to consumer-facing small and medium sized enterprises. DaySmart offers software and supporting services that provide owners and managers of small, consumer-focused service establishments the information and workflow capabilities required to operate their businesses effectively. DaySmart Software was founded in 1999 and is based in Ann Arbor, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Devada

Raleigh-Durham, North Carolina, United States

Devada is a provider of software-developer-focused technical information and content and related community management software solutions. Devada is comprised of two business units DZone Media and AnswerHub. Devada was founded in 2005 and is based in Raleigh-Durham, North Carolina.

Buy -