M&A Deal Summary

Sigma-Aldrich Acquires BioReliance

On January 31, 2012, Sigma-Aldrich acquired healthcare services company BioReliance from Avista Healthcare Partners and The Carlyle Group for 350M USD

Acquisition Highlights
  • This is Sigma-Aldrich’s 1st transaction in the Healthcare Services sector.
  • This is Sigma-Aldrich’s 2nd largest (disclosed) transaction.
  • This is Sigma-Aldrich’s 7th transaction in the United States.
  • This is Sigma-Aldrich’s 1st transaction in Maryland.

M&A Deal Summary

Date 2012-01-31
Target BioReliance
Sector Healthcare Services
Buyer(s) Sigma-Aldrich
Sellers(s) Avista Healthcare Partners
The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 350M USD
Advisor(s) J.P. Morgan Securities (Financial)
Weil Gotshal & Manges (Legal)

Target

BioReliance

Rockville, Maryland, United States
BioReliance provides critical services that include biologic, specialized toxicology and animal health testing to pharmaceutical, biopharmaceutical, diagnostics, and other life science customers worldwide.

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Buyer(S) 1

Buyer

Sigma-Aldrich

St. Louis, Missouri, United States

Category Company
Founded 1951
Sector Life Science
Employees9,800
Revenue 2.8B USD (2014)
DESCRIPTION

Sigma-Aldrich Corp. is a life science and high technology company whose biochemical, organic chemical products, kits, and services are used in scientific research, including genomic and proteomic research, biotechnology, pharmaceutical development, the diagnosis of disease and as key components in pharmaceutical, diagnostics and high technology manufacturing. Sigma-Aldrich customers include more than 1.3 million scientists and technologists in life science companies, university, and government institutions, hospitals, and industry.


DEAL STATS #
Overall 10 of 13
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 8 of 9
State (Maryland) 1 of 1
Country (United States) 7 of 9
Year (2012) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-30 Cerilliant

Round Rock, Texas, United States

Cerilliant Corporation is a chemicals company that uses organic synthesis for the production of analytical reference standards used in medical, forensic, environmental, pharmaceutical and other test laboratories. Cerilliant has developed a worldwide reputation as a leading provider of analytical reference standards.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Research Organics

Cleveland, Ohio, United States

Research Organics, Inc., to expand the Company's buffer production capacity and to increase its portfolio of PharmaGrade raw materials for the biopharmaceutical and diagnostic markets. Research Organics is a leading supplier of high purity biochemicals for use in molecular biology, diagnostics, cell culture, pharmaceuticals, biopharmaceuticals, life sciences and biotechnology.

Buy -

Seller(S) 2

SELLER

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 9 of 30
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 5 of 15
State (Maryland) 1 of 1
Country (United States) 7 of 24
Year (2012) 2 of 4
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Navilyst Medical

Marlborough, United States

Navilyst Medical, Inc. is a provider of innovative solutions for image-guided interventions delivering superior outcomes and reducing healthcare costs for medical professionals and their patients.

Sell $372M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Fougera Pharmaceuticals

Melville, New York, United States

Fougera Pharmaceuticals Inc. operates two primary divisions in the US focused on specialty pharmaceuticals in dermatology: Fougera, its generic dermatology medicines business, and PharmaDerm, its branded dermatology business. Founded in 1849, the Fougera division is the leading manufacturer and distributor of a wide range of topical products. The PharmaDerm division is dedicated to developing and commercializing novel prescription products to treat diseases and conditions of the skin – the largest organ of the human body.

Sell $1.5B
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 192 of 481
Sector (Healthcare Services) 5 of 18
Type (Add-on Acquisition) 93 of 198
State (Maryland) 8 of 10
Country (United States) 127 of 259
Year (2012) 3 of 29
Size (of disclosed) 70 of 136
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Babela Restaurant Management

Shanghai, China

Babela Restaurant Management Co. Ltd. is a multi-branded restaurant platform with a significant footprint in Shanghai and Beijing. Babela, the company's flagship brand, is a Italian-themed casual dining chain with over 120 stores nationwide. The company also operates Bamboo Bifengtang, a Cantonese dim sum dining concept, and Aha, which are Taiwanese style dessert outlets.

Sell $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 Dynamic Offshore Resources

Houston, Texas, United States

Dynamic Offshore Resources LLC is a provider of oil and gas exploration services in US.

Sell $1.3B