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New Deal


Announced

Eurofins acquired EnvironeX from Persistence Capital Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Biotechnology

testing services

Canada

Disposal

Friendly

Private Equity

Test Inspection and Certification (TIC)

Synopsis

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Persistence Capital Partners, a leading Canadian healthcare-focused private equity fund, sold EnvironeX Group Inc. to Eurofins Scientific, a global scientific leader in bioanalytical testing. EnvironeX is a leading provider of Testing services to the Environment, AgriFood and Health & Pharmaceuticals sectors in Quebec, Canada. EnvironeX operates three laboratories and one service point. Financial terms were not disclosed. “We are very pleased to welcome EnvironeX to the Eurofins Group. EnvironeX is a perfect fit for Eurofins and will provide an excellent platform for growth in Canada as we share the same entrepreneurial values and a strong desire to utilize service excellence, quality, innovation and technology as significant pillars of our growth." Gilles Martin, Eurofins CEO.

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