M&A Deal Summary

Thermo Electron Acquires InnaPhase

On September 13, 2004, Thermo Electron acquired software company InnaPhase from LLR Partners for 69M USD

Acquisition Highlights
  • This is Thermo Electron’s 1st transaction in the Software sector.
  • This is Thermo Electron’s largest (disclosed) transaction.
  • This is Thermo Electron’s 1st transaction in the United States.
  • This is Thermo Electron’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2004-09-13
Target InnaPhase
Sector Software
Buyer(s) Thermo Electron
Sellers(s) LLR Partners
Deal Type Add-on Acquisition
Deal Value 69M USD

Target

InnaPhase

Philadelphia, Pennsylvania, United States
InnaPhase Corp. is a supplier of Laboratory Information Management Systems for the pharmaceutical and biotechnology markets.

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Buyer(S) 1

Buyer

Thermo Electron

Elandsfontein, South Africa
Category Company
Sector Test/Measurement Equipment
DESCRIPTION

Thermo Electron Corp., is an manufacture of analytical instruments, equipment, reagents for medical purposes.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-21 NuTemp

Bridgeview, Illinois, United States

NuTemp, is a supplier of rental cooling systems for the industrial refrigeration and commercial heating, ventilation and air conditioning ("HVAC") industry.

Sell -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 2 of 76
Sector (Software) 1 of 15
Type (Add-on Acquisition) 2 of 47
State (Pennsylvania) 2 of 20
Country (United States) 2 of 75
Year (2004) 1 of 1
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Gestalt

Camden, New Jersey, United States

Gestalt, LLC is a provider of mission-critical command and control systems and solutions that help defense organizations achieve systems interoperability and collaboration, allowing information systems from separate branches of the armed services to share battlefield information in support of joint military operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-20 RecoverCare

Louisville, Kentucky, United States

RecoverCare is a provider of specialty low air loss mattress and overlays, preventative foam and gel products, hospital beds and patient transfer systems to acute care hospitals, nursing homes, and other providers of wound care and bariatric services. RecoverCare is based in Louisville, Kentucky.

Buy -
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