M&A Deal Summary

Sygnature Discovery Acquires NuChem Sciences

On August 1, 2023, Sygnature Discovery acquired life science company NuChem Sciences from Fonds de solidarite FTQ, BDC Capital and Investissement Quebec

Acquisition Highlights
  • This is Sygnature Discovery’s 2nd transaction in the Life Science sector.
  • This is Sygnature Discovery’s 1st transaction in Canada.
  • This is Sygnature Discovery’s 1st transaction in Quebec.

M&A Deal Summary

Date 2023-08-01
Target NuChem Sciences
Sector Life Science
Buyer(s) Sygnature Discovery
Sellers(s) Fonds de solidarite FTQ
BDC Capital
Investissement Quebec
Deal Type Add-on Acquisition

Target

NuChem Sciences

Saint-Laurent, Quebec, Canada
NuChem Sciences offers a variety of services to support international biotech and pharmaceutical industries in their efforts to identify and optimize pre-clinical candidates in the area of small molecule drug discovery and early development. NuChem Sciences was formed in 2011 and is based in Saint-Laurent, Quebec.

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Buyer(S) 1

Buyer

Sygnature Discovery

Nottingham, United Kingdom

Category Company
Founded 2004
Sector Life Science
Employees4,540
DESCRIPTION

Sygnature Discovery is a provider of outsourced drug discovery services to the UK and overseas biotech and pharma companies. Sygnature provides integrated drug discovery and preclinical services to clients across eight key therapeutic areas, including oncology, neuroscience, and inflammation & immunology, and has an outstanding track record of scientific excellence. Sygnature Discovery was founded in 2004 and is based in Nottingham, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-24 XenoGesis

Nottinghamshire, United Kingdom

XenoGesis Ltd is an independent laboratory-based CRO specialising in pre-clinical DMPK, quantitative bioanalysis, in vitro pharmacology and expert interpretation. XenoGesis was established in 2011 and is based in Nottinghamshire, United Kingdom.

Buy -

Seller(S) 3

DESCRIPTION

Fonds de solidarité FTQ is a growth-oriented investor network and provider of funds focused on investing in and supporting small to mid-sized businesses throughout Quebec. The Firm looks will consider businesses in all sectors and seeks to be a long-term partner. Fonds de solidarité FTQ was founded in 1983 and is based in Montreal, Quebec.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Andy Corp

Lachine, Quebec, Canada

Andy Corp provides tailor-made supply chain services to transform customer needs into business opportunities all while integrating services that add value and simplify the customer experience. Andy Corp was formed in 2001 and is based in Lachine, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 CMI

Saint-Cyrille-De-Wendover, Quebec, Canada

CMI specializes in the manufacturing of tracked mulching tractors and stump grinders. CMI was formed in 2003 and is based in Saint-Cyrille-De-Wendover, Quebec.

Buy -
DESCRIPTION

BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.


DEAL STATS #
Overall 10 of 10
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Quebec M&A 5 of 5
Country: Canada M&A 9 of 9
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 Optel

Québec, Quebec, Canada

Optel is a Certified B Corporation that has developed traceability solutions to enable companies for improving the efficiency and sustainability of supply chains by making them more intelligent and transparent. Optchain, the company's flagship traceability solution, captures and leverages data from value chain stakeholders to provide complete real-time visibility for improved supply chain performance, carbon footprint tracking, and regulatory compliance. Optel is based in Québec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 Kroon Electric

Ottawa, Ontario, Canada

Kroon Electric provides comprehensive electrical solutions to the private and public sectors on all sizes of electrical projects and preventative maintenance services. Kroon Electric is based in Ottawa, Ontario.

Buy -
SELLER

Investissement Quebec

Montreal,, Quebec, Canada

Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Investissement Quebec invests in several areas including forest products, mining, energy, environment, etc.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Beehivr

Repentigny, Quebec, Canada

Beehivr has developed a platform for deploying sales assistance mobile solutions for professionals in various sectors, as well as for retailers. Beehivr is a global partner of Apple and does business with major customers in Canada, the United States, and Europe. Beehivr was formed in 2013 and is based in Repentigny, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 Vision Marine Technologies

Boisbriand, Quebec, Canada

Vision Marine Technologies is a manufacturer, designer, and builder of electric boats. Vision was incorporated in 1995 and is based in Boisbriand, Quebec.

Buy -