M&A Deal Summary

Warburg Pincus and Tilia Holdings Acquire Labstat

On May 17, 2018, private equity firms Warburg Pincus and Tilia Holdings acquired life science company Labstat

Acquisition Highlights
  • This is Warburg Pincus’ 24th and Tilia Holdings’ 1st transaction in the Life Science sector.
  • This is Warburg Pincus’ 13th and Tilia Holdings’ 1st transaction in Canada.
  • This is Warburg Pincus’ 3rd and Tilia Holdings’ 1st transaction in Ontario.

M&A Deal Summary
Date 2018-05-17
Target Labstat
Sector Life Science
Buyer(s) Warburg Pincus
Tilia Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Labstat

Kitchener, Ontario, Canada
Labstat is a global provider of analytical chemistry and in-vitro toxicology testing services for nicotine containing products. Labstat is a full service contract laboratory dedicated to regulatory and non-regulatory testing. The Company tests all forms of nicotine containing products, including next-generation products such as e-cigarettes and HeatNot-Burn products. Labstat services clients worldwide. With a focus on excellence in science, quality, and responsiveness to clients’ needs, Labstat is ISO 17025 accredited as well as Good Laboratory Practices (GLP) and Good Manufacturing Practices (GMP) compliant. Labstat was founded in 1976 and is based in Kitchener, Ontario.

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Buyer(S) 2

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 367 of 482
Sector (Life Science) 24 of 27
Type (Buyout (LBO, MBO, MBI)) 71 of 86
State (Ontario) 3 of 6
Country (Canada) 13 of 17
Year (2018) 16 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Ipan

Munich, Germany

Ipan is a rapidly-growing provider of intellectual property management services and software. With offices throughout Europe and the US, and long-standing partnerships with 100+ leading IP law firms, it offers highly transparent, efficient and flexible patent annuity, trademark renewal and European Patent (EP) validation services, as well as extended services such as IP recordals. Ipan Group’s software offering comprises the leading intellectual property management software solutions Unycom, IPfolio and IPSS, which enable both corporate IP departments and IP law firms to efficiently manage their IP portfolios along the entire lifecycle. Ipan was founded in 2004 and is based in Munich, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Artis Exploration

Calgary, Alberta, Canada

Artis Exploration is a privately held company focused on exploration and development of unconventional resource opportunities in the Eastern Duvernay basin of Western Canada. The company’s experienced management team and Board of Directors have a history of successfully building both public and private oil and gas companies. Artis Exploration was founded in 2015 and headquartered in Calgary, Alberta.

Buy -
Buyer

Tilia Holdings

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Tilia Holdings is a private equity firm focused on investing in outsourced business-to-business services providers that serve the food industry. Specific areas of interest include companies that offer regulatory compliance, quality, supply chain integrity or food safety services. The Firm targets companies with at least $10 million of revenue and at least $5 million of EBITDA. Tilia Holdings was established in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 2 of 9
Sector (Life Science) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Refrig-It

Kearny, New Jersey, United States

Refrig-It is a provider of cold chain warehousing and supply chain services to customers throughout the imported nut and dried fruit value chain. Refrig-It was founded in 1991 and is based in Kearny, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Certified Laboratories

Melville, New York, United States

Certified Laboratories is an operator of an independent laboratory comprised of four nationally recognized laboratories located in New York, Illinois, Southern California, and Northern California. Each of these laboratories has developed its own area of expertise and is an acknowledged leader in the field of food analysis with a wide array of clients from mom and pop startups to national, well-known food companies to the FDA. Certified Laboratories was founded in 1926 and is based in Melville, New York.

Buy -
Mergr

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