Announced
Completed
Financials
Sources
Tags
Private
Completed
Private Equity
Acquisition
Biotechnology
genomics
proficiency testing schemes
measurement tools
United Kingdom
Synopsis
KKR acquired LGC, the international life sciences measurement and testing company, from Bridgepoint. KKR will partner with LGC to provide capital and operational support to facilitate future growth. Financial terms were not disclosed. Tim Robinson, CEO, LGC said: "The last five years have seen LGC grow internationally, organically as well as through acquisitions, with the ongoing support of Bridgepoint. We will continue to embrace "Science for a Safer World" with KKR as our new shareholder to build on the product, service, sector and geographic leadership we have today. We have ongoing, exciting growth opportunities across our entire business that will strengthen our solutions to our existing customers and help us expand into new markets and geographies. This is an exciting new phase in LGC's development and we believe that KKR's network, market knowledge and support make them an ideal, new partner for our business."
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