Announced
Completed
Financials
Tags
genomics
Private
Auction
United Kingdom
Biotechnology
measurement tools
Friendly
proficiency testing schemes
Acquisition
Private Equity
Majority
Completed
Cross Border
Synopsis
Cinven and Astorg, private equity firms, and Abu Dhabi Investment Authority, sovereign wealth fund, completed the acquisition of LGC Group, UK-based scientific measurement and testing company, from KKR for $3.9bn. “We are delighted that Astorg and Cinven have chosen to partner with LGC for the next chapter of our history. Cinven and Astorg have a strong track record of investing in and supporting the growth of global companies in the Life Sciences Tools sector. Together we will continue to invest in serving our customers and supporting the development of our employees. In the past few years, LGC has strengthened its international reach and grown significantly in its chosen markets," Tim Robinson, LGC Group CEO.
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