M&As this week: Absolute Antibody, Charles River

16th February 2018 (Last Updated August 12th, 2019 10:39)

UK-based engineered antibodies manufacturer Absolute Antibody Ltd has merged with KeraFAST Inc, a life science research company based in the US.

UK-based engineered antibodies manufacturer Absolute Antibody Ltd has merged with KeraFAST Inc, a life science research company based in the US.

Both companies will retain their names and employees under one combined organisation.

The merger will enhance the global reach of the two companies and enable them to provide custom services to their customers.

Charles River Laboratories International Inc has agreed to purchase MPI Research Inc for $800m.

Charles River is a pre-clinical and clinical laboratory services provider, while the MPI offers contract research. Both companies are based in the US.

The acquisition is scheduled to complete in Q2 2018 and will help Charles River enter growing end markets and scale-up production to meet demand.

Charles River appointed Morgan Stanley & Co LLC as financial advisor, and Davis Polk & Wardwell LLP as legal advisor for the transaction. Jefferies LLC and SunTrust Robinson Humphrey Inc were appointed as financial advisors, and Weil, Gotshal & Manges LLP as legal advisor to MPI.

"The acquisition is scheduled to complete in Q2 2018 and will help Charles River enter growing end markets and scale-up production to meet demand."

SGS SA has acquired Skin Investigation and Technology Hamburg GmbH (SIT).

SGS provides inspection, verification and testing services, while SIT is a dermatological contract research organisation (CRO). Both companies are based in Germany.

The acquisition will expand SGS’s consumer and retail service portfolio.

Zhejiang Starry Pharmaceutical Co Ltd plans to acquire Zhejiang Hisyn Pharmaceutical Co Ltd in a cash and share issue deal.

Based in China, Zhejiang Starry Pharmaceutical is a pharmaceutical raw materials and intermediates manufacturer.

Citigroup Securities Co Ltd has been appointed as the financial advisor, while Jincheng, Tongda & Neal is the legal advisor for the transaction by the acquirer company.