M&A Deal Summary

WuXi AppTec Acquires AppTec Laboratory Services

On January 4, 2008, WuXi AppTec acquired life science company AppTec Laboratory Services from NewSpring Capital for 162M USD

Acquisition Highlights
  • This is WuXi AppTec’s 1st transaction in the Life Science sector.
  • This is WuXi AppTec’s largest (disclosed) transaction.
  • This is WuXi AppTec’s 1st transaction in the United States.
  • This is WuXi AppTec’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2008-01-04
Target AppTec Laboratory Services
Sector Life Science
Buyer(s) WuXi AppTec
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition
Deal Value 162M USD

Target

AppTec Laboratory Services

St. Paul, Minnesota, United States
AppTec Laboratory Services is a provider of lab testing services.

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Buyer(S) 1

Buyer

WuXi AppTec

Shanghai, China
Category Company
Founded 2000
Sector Life Science
Employees38,134
Revenue 40.3B CNY (2023)
DESCRIPTION

WuXi AppTec is a provider of pharmaceutical, biotechnology, and medical device companies with a broad and integrated portfolio of laboratory and manufacturing services throughout the drug and medical device R&D process. WuXi AppTec was founded in 2000 and is based in Shanghai, China.

DEAL STATS #
Overall 1 of 15
Sector (Life Science) 1 of 11
Type (Add-on Acquisition) 1 of 13
State (Minnesota) 1 of 1
Country (United States) 1 of 9
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-13 Abgent

San Diego, California, United States

Abgent, Inc. is a manufacturer of antibodies for biological research and drug discovery. Company is a contract R&D services provider serving the pharmaceutical, biotech, and medical devise industries.

Buy -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 4 of 86
Sector (Life Science) 1 of 6
Type (Add-on Acquisition) 2 of 48
State (Minnesota) 1 of 2
Country (United States) 4 of 85
Year (2008) 2 of 5
Size (of disclosed) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 NutriSystem

Fort Washington, Pennsylvania, United States

NutriSystem is a provider of dieters with a simple, effective, and convenient weight loss program. NutriSystem weight loss program consists of prepackaged, calorie-controlled, shelf-stable food packages containing a complete week of meals and snacks, as well as online and telephonic counseling and support for dieters. NutriSystem was formed in 1971 and is based in Fort Washington, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-29 Media Market Group

Los Angeles,, California, United States

MMG operates an online hotel and travel reservation company selling hotel rooms and other travel products direct to consumers and businesses. The Company generates sales through two websites: hotel-and-discounts.com and hotelreservations.com. The Company is a leading affiliate of Expedia through which it gains access to thousands of hotel and travel discounts.

Buy $9M
Mergr

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