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New Deal


Announced

Completed

Battery Ventures completed the acquisition of Apricot Designs and BioMicroLab.

Financials

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

Tags

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United States

Private

Venture Capital

Friendly

lab equipment

Private Equity

Domestic

Completed

Biotechnology

Single Bidder

Acquisition

pipette tips

Majority

Synopsis

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Battery Ventures, a global, technology-focused investment firm, completed the acquisition of two biotechnology companies Apricot Designs and BioMicroLab, integrating them into its sample-preparation platform company SPT Labtech. Financial terms were not disclosed. "By bringing together an increasingly powerful combination of technologies and application know-how, we are advancing our mission of accelerating life science research and enabling our customers' success," Patrick Bennett, SPT Labtech Group CEO.

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