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Announced

Completed

Kerry Group completed the acquisition of Biosearch for £109m.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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oligonucleotide-based tools

Single Bidder

Completed

Acquisition

Biotechnology

Majority

Cross Border

Friendly

Public

Spain

Synopsis

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Kerry Group, a taste and nutrition company, completed the acquisition of Biosearch, a designer, developer and manufacturer of sophisticated oligonucleotide-based tools, for £109m. "We have significantly advanced our capabilities in proactive nutrition in recent years. Biosearch is a strong complement to our portfolio and brings leading clinical research capabilities and functional food technologies across multiple life stages and need states. We share a commitment to advance the science behind healthier food and I would like to extend a warm welcome to the Biosearch team,” Edmond Scanlon, Kerry Group CEO.

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