M&A Deal Summary

Unchained Labs Acquires Blacktrace

On July 17, 2023, Unchained Labs acquired medical products company Blacktrace from Maven Capital Partners

Acquisition Highlights
  • This is Unchained Labs’ 3rd transaction in the Medical Products sector.
  • This is Unchained Labs’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-07-17
Target Blacktrace
Sector Medical Products
Buyer(s) Unchained Labs
Sellers(s) Maven Capital Partners
Deal Type Add-on Acquisition

Target

Blacktrace

Royston, United Kingdom
Blacktrace designs, develops and manufactures cutting-edge technologies and products for many applications in chemistry, microfluidics, biology, and nanomaterial sciences. Blacktrace was founded in 2001 and is based in Royston, United Kingdom.

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Buyer(S) 1

Buyer

Unchained Labs

Pleasanton, California, United States

Category Company
Founded 2015
Sector Test/Measurement Equipment
DESCRIPTION

Unchained Labs is a life science tools company focused on solving problems for biologics and gene therapy researchers. Unchained systems are used by biopharma researchers around the world to analyze and characterize large, complex molecules and to make their research jobs easier. Unchained Labs was founded in 2015 and is based in Pleasanton, California.


DEAL STATS #
Overall 7 of 7
Sector: Medical Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 7
Country: United Kingdom M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 NanoView Biosciences

Brighton, Massachusetts, United States

NanoView Biosciences is developing proprietary products that support research, translation, and delivery of precision medicine. The Company was founded on a novel technology platform that uniquely identifies and characterizes exosomes. Its high-throughput, cost-effective analysis solutions enable life science, researchers, to better understand the biology of cellular communication and provide improved insight into how diseases are diagnosed, treated, and monitored. NanoView Biosciences was formed in 2015 and is based in Brighton, Massachusetts.

Buy -

Seller(S) 1

SELLER

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


DEAL STATS #
Overall 68 of 86
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 34 of 40
Country: United Kingdom M&A 66 of 84
Year: 2023 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 Hedgehog Lab

Newcastle upon Tyne, United Kingdom

Hedgehog Lab is a technology company focused purely on app development, working with premium brands including Thales, The Financial Times, Channel 4, Mitsubishi and Microsoft HoloLens. Hedgehog Lab was founded in 2007 and is based in Newcastle upon Tyne, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-31 Engage Hub

Manchester, United Kingdom

Engage Hub creates and manages social media campaigns using the latest technology and smart software. The company also works with a list of social media influencers, who help brands place their products and services in front of millions of social media users. The company's technology unifies and activates relevant data from various systems from transactions to customer preferences to build a cohesive picture of when and how businesses can best engage with their customers. Engage Hub was founded in 2015 and is based in Manchester, United Kingdom.

Sell -