Astorg and Cinven Acquire LGC

Alliance Pharma (Ampersand-backed) Acquires LGC's Drug Development Solutions; KKR Joins as Equal Shareholder

May 17, 2022

Healthcare Services

Alliance Pharma, an Ampersand-backed US bioanalytical CRO, acquired Drug Development Solutions (DDS), LGC’s UK-based bioanalytical and materials science testing business. Ampersand Capital Partners and KKR will be equal shareholders in the combined business to expand geographic reach, broaden laboratory capabilities, and extend the service portfolio internationally.

LLR Partners Makes Growth Investment in Genesee Scientific

October 19, 2021

Medical Devices

LLR Partners completed a growth investment in Genesee Scientific, a San Diego–based manufacturer and distributor of life-science consumables and laboratory equipment. The partnership will fund expansion of Genesee's product portfolio and scaling of its national footprint; Audax Private Debt provided unitranche financing to support the transaction.

Bain Capital and Cinven to Acquire Lonza Specialty Ingredients

February 8, 2021

Manufacturing

Bain Capital Private Equity and Cinven have entered into definitive agreements to acquire Lonza Specialty Ingredients (LSI), a division of Lonza AG, for a total enterprise value of CHF 4.2 billion. LSI, headquartered in Basel, Switzerland, is a global provider of specialty chemicals for microbial control with ~2,800 employees, and the consortium intends to invest in R&D, bolster production capabilities and use LSI as a platform for buy-and-build consolidation in the sector; the transaction was expected to close in H2 2021.

Leonard Green & Partners Leads Recapitalization of WCG with Arsenal and Novo Holdings

November 14, 2019

Healthcare Services

An investor group led by Leonard Green & Partners, in partnership with Arsenal Capital Partners and Novo Holdings A/S, has agreed to recapitalize WCG to provide resources to accelerate growth and expand capabilities in clinical trial optimization. Financial terms were not disclosed; the transaction was announced in November 2019 and expected to close in the first quarter of 2020.

Cinven Acquires JLA

May 14, 2018

Industrial Services

International private equity firm Cinven has agreed to acquire JLA, a UK-based provider of commercial laundry, catering and heating equipment and contracted maintenance services, for an undisclosed sum. Headquartered in Ripponden, West Yorkshire, JLA serves over 25,000 SME customers, employs around 900 people, and will be supported by Cinven to pursue organic growth and buy-and-build expansion into new services such as heating and fire safety.

LGC Group Acquires Kova International from One Rock Capital Partners

July 24, 2023

Medical Devices

LGC Group has acquired Kova International, Inc., a Garden Grove, California-based developer and manufacturer of in vitro diagnostic controls, from an affiliate of One Rock Capital Partners. Kova operates urinalysis and toxicology controls product lines; financial terms were not disclosed and Baird served as financial advisor to Kova.