Add-on Acquisition • Life Science

Smithers Avanza Acquires AVANZA Laboratories

On May 21, 2013, Smithers Avanza acquired life science company AVANZA Laboratories from The BroadOak Fund

Acquisition Context
  • This is Smithers Avanza’s 1st transaction in the Life Science sector.
  • This is Smithers Avanza’s 1st transaction in the United States.
  • This is Smithers Avanza’s 1st transaction in Maryland.

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M&A Deal Summary

Date May 21, 2013
Target AVANZA Laboratories
Sector Life Science
Buyer(s) Smithers Avanza
Sellers(s) The BroadOak Fund
Deal Type Add-on Acquisition

Target Company

AVANZA Laboratories

Gaithersburg, Maryland, United States
AVANZA Laboratories LLC is a contract research organization providing GLP drug development services.
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Buyer Overview 1

Buyer

Smithers Avanza

Gaithersburg, Maryland, United States

Category Company
Sector Life Science
DESCRIPTION

Smithers Avanza is a contract research organization (CRO) supporting the pharmaceutical, agrochemical, and chemical industries.


Deal Context for Buyer #
Overall 1 of 1
Sector: Life Science 1 of 1
Type: Add-on Acquisition 1 of 1
State: Maryland 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1

Seller Profile 1

DESCRIPTION

The BroadOak Fund is the investment affiliate of life science focused investment bank BroadOak Capital Partners. The BroadOak Fund provides growth capital to life sciences tools and service providers that have achieved a level of commercial success. The BroadOak Fund is based in Bethesda, Maryland.


Deal Context for Seller #
Overall 1 of 8
Sector: Life Science 1 of 7
Type: Add-on Acquisition 1 of 7
State: Maryland 1 of 1
Country: United States 1 of 8
Year: 2013 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Aragen Bioscience

Morgan Hill, California, United States

Aragen Bioscience, Inc. is a preclinical custom contract research organization that provides in vitro and in vivo research to pharmaceutical, biotechnology and research institutions.

Sell -