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New Deal


Announced

Completed

Cinven, Astorg, and ADIA completed the acquisition of LGC Group from KKR for 3.9bn.

Financials

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Transaction Value£3,000m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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genomics

Private

Auction

United Kingdom

Biotechnology

measurement tools

Friendly

proficiency testing schemes

Acquisition

Private Equity

Majority

Completed

Cross Border

Synopsis

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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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