LBO France to acquire Dutscher from Five Arrows Principal Investments for $135m.

LBO France is set to acquire Dutscher, an independent distributor of R&D laboratory consumables and equipments in Europe, from Five Arrows Principal Investments, for $135m. "During our discussions, we were very impressed by the high level of expertise of Dutscher’s management team, which has enabled the Group to achieve very strong organic growth in recent years while establishing itself as a true European consolidation platform. We would be pleased to be able to support the Group in its pan-European development strategy, which is underpinned by a number of clearly identified organic and external growth projects," Thomas Boulman, LBO France Partner.