M&A Deal Summary

Thermo Fisher Scientific Acquires Open Biosystems

On July 1, 2008, Thermo Fisher Scientific acquired life science company Open Biosystems from Advantage Capital Partners

Acquisition Highlights
  • This is Thermo Fisher Scientific’s 7th transaction in the Life Science sector.
  • This is Thermo Fisher Scientific’s 15th transaction in the United States.
  • This is Thermo Fisher Scientific’s 1st transaction in Alabama.

M&A Deal Summary

Date 2008-07-01
Target Open Biosystems
Sector Life Science
Buyer(s) Thermo Fisher Scientific
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Aquilo Partners LP (Financial)

Target

Open Biosystems

Huntsville, Alabama, United States
Open Biosystems, Inc. develops, manufactures and markets genomic research tools to scientists and researchers in corporate, academic and government laboratories. These research tools provide investigators with standardized high-quality genes, RNAi and antibodies for interrogating gene function in relation to oncology, neuroscience and metabolic disorders.

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Buyer(S) 1

Buyer

Thermo Fisher Scientific

Waltham, Massachusetts, United States

Category Company
Founded 1956
Sector Test/Measurement Equipment
Employees122,000
Revenue 42.9B USD (2023)
DESCRIPTION
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.

Thermo Scientific is a provider of analytical instruments, laboratory equipment, software, services, consumables and reagents for better workflow solutions spanning sample preparation, sample analysis, and data interpretation. Thermo Fisher Scientific was founded in 1956 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 19 of 62
Sector (Life Science) 7 of 23
Type (Add-on Acquisition) 17 of 55
State (Alabama) 1 of 1
Country (United States) 15 of 38
Year (2008) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-09 NanoDrop Technologies

Wilmington, Delaware, United States

NanoDrop Technologies LLC is a developer of UV-Vis spectrophotometers and fluoro spectrometers for the life sciences.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-17 Affinity BioReagents

Golden, Colorado, United States

Affinity BioReagents, Inc., is a provider of antibodies, peptides, proteins and other reagents for life science research, based in Golden, Colorado. Affinity BioReagents has an offering of more than 35,000 reagents - primarily monoclonal and polyclonal antibodies - which are used in numerous fields of medical and academic research, as well as drug discovery. The company also provides recombinant proteins and custom antibody-production services.

Buy -

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 25 of 97
Sector (Life Science) 2 of 6
Type (Add-on Acquisition) 7 of 54
State (Alabama) 3 of 4
Country (United States) 25 of 97
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Golden Goal

Fort Ann, New York, United States

Golden Goal LLC operates as a soccer tournament sports park. It focuses on providing an environment for participants from club level travel teams to elite players. The company’s park contains tournament fields, residential cabins, and a host of amenities for players, coaches, and families

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-26 Natural Cleaners Colorado

Avon, Colorado, United States

Natural Cleaners Colorado is a dry cleaning business utilizing environmentally friendly cleaning processes. Natural Cleaners began operations in 2005 in Avon, Colo., and the company has since opened locations in Grand Junction and Steamboat. Natural Cleaners uses various pollution free dry and wet cleaning processes, including state-of-the-art CO2 and GreenEarth cleaning technologies to ensure high quality service at a competitive price.

Buy -