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New Deal


Announced

Completed

ArrowMark Partners led a $250m Series B round in SmartLabs.

Financials

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Transaction Value£181m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Minority

Private Equity

Venture Capital

Private

Acquisition

Friendly

Domestic

laboratory-as-a-service

Biotechnology

Completed

Single Bidder

Synopsis

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ArrowMark Partners led a $250m Series B round in SmartLabs, a Boston-based Laboratory-as-a-Service firm, with participation from Winslow Capital Management, Onex Falcon, Conversion Venture Capital and Breed’s Hill Capital. The funding will fuel the company’s accelerated growth, with a plan to scale operations to 2m square feet within five years. In addition, SmartLabs announced the launch of the fourth version of its proprietary laboratory operations system (SmartLabs OS) which was first pioneered and introduced in 2016.

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