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  5. Victory Square Acquires Safetest Comércio de Diagnósticos

M&A Deal Summary

Victory Square Acquires Safetest Comércio de Diagnósticos

On June 10, 2020, Victory Square acquired life science company Safetest Comércio de Diagnósticos for 4M CAD

Acquisition Highlights
  • This is Victory Square’s 1st transaction in the Life Science sector.
  • This is Victory Square’s 2nd largest (disclosed) transaction.
  • This is Victory Square’s 1st transaction in Brazil.

M&A Deal Summary
Date 2020-06-10
Target Safetest Comércio de Diagnósticos
Sector Life Science
Buyer(s) Victory Square
Deal Type Add-on Acquisition
Deal Value 4M CAD

Target

Safetest Comércio de Diagnósticos

Belo Horizonte, Brazil
Safetest was founded in 2016 to bring high-quality rapid tests to the market. Its first product, the Leishmaniasis Rapid Test, was developed in partnership with the UFMG, Federal University of Minas Gerais. Safetest took advantage of its expertise in the subject to develop other antibody-based tests and a robust R&D pipelines of diagnostic kits for Hansen’s Disease, Brucellosis, HTLV and Blood samples screening tests

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Buyer(S) 1

Buyer

Victory Square

Vancouver, British Columbia, Canada
Category Company
Founded 2015
Sector Business Services
Revenue 17M USD (2024)
DESCRIPTION

Victory Square is a blockchain-focused venture builder that funds and empowers entrepreneurs to implement innovative blockchain solutions. The company offers contests across multiple professional sports leagues and produces interactive fan engagement platforms for corporations, media, broadcasters, and not-for-profits. Victory Square was founded in 2015 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 4 of 4
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Brazil M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 LocoNoco

Vancouver, British Columbia, Canada

LocoNoco, Inc. is a cloud-native decision-making platform. LocoNoco is based in Vancouver, British Columbia.

Buy $500K
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