M&A Deal Summary

Spectris Acquires Concept Life Sciences

On January 26, 2018, Spectris acquired life science company Concept Life Sciences from Equistone for 163M GBP

Acquisition Highlights
  • This is Spectris’ 1st transaction in the Life Science sector.
  • This is Spectris’ 3rd largest (disclosed) transaction.
  • This is Spectris’ 2nd transaction in the United Kingdom.
Investment Fate
  • Concept Life Sciences was divested to a consortium of buyers in 2023.

M&A Deal Summary

Date 2018-01-26
Target Concept Life Sciences
Sector Life Science
Buyer(s) Spectris
Sellers(s) Equistone
Deal Type Add-on Acquisition
Deal Value 163M GBP

Target

Concept Life Sciences

High Peak, United Kingdom
Concept Life Sciences is a global contract research organization primarily serving the pharmaceutical and life sciences research and development market. With an excellent track record in project execution, delivering tangible value for customers’ IP generation, and a stringent focus on quality. Concept Life Sciences was founded in 1989 and is based in High Peak, United Kingdom.

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Buyer(S) 1

Buyer

Spectris

London, United Kingdom

Category Company
Founded 1915
Sector Test/Measurement Equipment
Employees7,266
Revenue 1.3B GBP (2024)
DESCRIPTION

Spectris is a supplier of productivity enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Spectris was founded in 1915 and is based in London, United Kingdom.


DEAL STATS #
Overall 11 of 16
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 15
Country: United Kingdom M&A 2 of 2
Year: 2018 M&A 1 of 2
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 The Omnicon Group

Hauppauge, New York, United States

Omnicon is a provider of services to help its customers analyse and improve product reliability and safety. Key industries served include aerospace, automotive, transportation and defence within the important US market. Omnicon strongly complements the existing capability of the reliability and durability software and services portfolio within Spectris' Test and Measurement segment. The combination of these businesses provides strong geographic growth opportunities across the joint customer base, particularly in the US and in Europe.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 VI-grade

Marburg, Germany

VI-grade GmbH is a provider of software products and services for advanced applications in the field of system level simulation. VI-grade GmbH was founded in 2005 and is based in Marburg, Germany.

Buy -

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 151 of 206
Sector: Life Science M&A 1 of 2
Type: Add-on Acquisition M&A Deals 51 of 70
Country: United Kingdom M&A 67 of 84
Year: 2018 M&A 1 of 13
Size (of disclosed) 24 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Oikos Group

Protaras, Cyprus

OIKOS GROUP is a Real Estate- Developing company dedicated to Exclusive Beachfront Properties. Oikos Group has been carrying out everything promised with ethos and dignity. Oikos Group with the experience of more than 50 projects for the last 10 years, continues to rise by creating unique projects for unique people in Prime Locations. Oikos Group is based in Protaras, Cyprus.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-21 E. Winkemann

Plettenberg, Germany

E. Winkemann is a manufacturer of precision-stamped metal parts mainly to the automotive industry, comprising parts for automatic gear boxes, axle gears, chassis and engine technology. E. Winkemann was founded in 1938 and is based in Plettenberg, Germany,

Sell -