Birketts’ Corporate team has advised the shareholders of Agar Scientific on the sale of the company to Molecular Dimensions Ltd, part of Calibre Scientific, Inc.
Agar Scientific, a leading international supplier of lab and microscopy equipment to the Biological and Material Science sectors, was founded in 1978 by Alan Agar, who went on to build a business with indispensable and extensive knowledge within the sector and a network of established connections across the field. In 2016, an investment from London based private equity firm, Foresight Group, enhanced the profile of the business ahead of the sale.
Molecular Dimensions Ltd is an international leader in the supply of innovative equipment for crystallographers, a subsidiary of Calibre Scientific, a US based life science distribution company with an impressive portfolio of businesses supporting the life science.
Corporate Partner Ed Savory led the team advising on the sale, supported by Macauley Alsford (Corporate), Lucy Easey (Corporate), Melissa Willrich (Employment), Matthew Grindley (Commercial Property), Karl Pocock (Corporate Tax), Robbie Watson (Corporate Tax), Lisa Hayward (Employee Incentives) and Kirsty Scripps (Employee Incentives).
Darren Likely, CEO of Agar Scientific commented: “This is an exciting and strategic move for the business. Joining Calibre Scientific will enable us to reach new levels of growth and development. The Birketts team were invaluable; they provided proficient timely advice throughout the deal across the board to ensure we achieved the right result.”
Ed Savory, Corporate partner in the Norwich office added: “I’m proud of the team for achieving another great result for one of our valued clients. We thoroughly enjoyed working with the team at Agar Scientific and I am sure that they will continue to achieve impressive results, as part of Calibre Scientific.”
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