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Announced

Completed

Investor AB-backed Patricia Industries completed the acquisition of Advanced Instruments from Windjammer for $780m.

Financials

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Transaction Value£611m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Biotechnology

Single Bidder

osmolality testing instrumentation

Friendly

Acquisition

Cross Border

Private

Majority

Private Equity

Completed

Synopsis

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Investor AB-backed Patricia Industries, a long-term owner and investor, completed the acquisition of Advanced Instruments, a global provider of osmolality testing instrumentation and consumables for the clinical, biopharmaceutical, and food & beverage markets, from Windjammer Capital, a private equity investment firm, for $780m. Patricia Industries plans to inject approximately $620m in equity for majority ownership of the company. The remainder of the acquisition will be financed by external debt and equity participation by Advanced Instruments' management, board and other key individuals. "Advanced Instruments has a market-leading technology and a track record of successful innovation. The company has a resilient business model, strong long-term organic growth potential and multiple ways to expand through acquisitions in both existing and new markets. We look forward to working with the management team and our strong industrial network to further develop the business," Noah Walley, Patricia Industries Co-Head.

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