Strata advised the shareholders of Melbourn Scientific Limited

Advised the shareholders of Melbourn Scientific Limited on its sale to Intertek Group plc

2013

Transaction Summary

Strata advised the shareholders of Melbourn Scientific Limited, a specialist pharmaceutical products testing business, on its sale to Intertek Group plc, a leading quality solutions provider to industries worldwide.

Background

  • Strata acted as exclusive financial adviser to the shareholders of Melbourn Scientific Limited (“Melbourn” or the “Company”) on its sale to Intertek Group plc, a leading quality solutions provider to industries worldwide
  • Melbourn, a specialist pharmaceutical products testing business, is a privately owned UK company based near Cambridge where it employs over 80 scientists and staff
  • The Company has built a strong reputation over the last 24 years providing world class testing and formulation services to the international pharmaceutical industry, with a focus on the testing and evaluation of nasally and orally inhaled drugs and their delivery systems such as inhalers and nebulisers
  • Strata was hired because of our proven track record and established senior relationships across the global pharma services sector

Transaction Highlights

  • Strata structured, managed and successfully completed the transaction securing an exceptionally good result for shareholders at valuation substantially above that indicated by potential purchasers prior to Strata’s involvement
  • Benefiting from its established sector relationships, Strata rapidly and discretely secured the interest of key potential purchasers worldwide – thereby ensuring competitive tension from the outset
  • Meticulous planning and preparation, first class transaction execution and senior commitment and support were critical to ensuring a successful and timely outcome
  • This is our 14th successful M&A transaction in the life science services and laboratory testing sector and underlines our position as Europe’s leading corporate finance advisory boutique in this space

"We are delighted with the outcome that Strata helped us achieve. Strata’s understanding of the pharma services and lab testing sector and global relationships were instrumental in helping us achieve a great outcome for Melbourn and its shareholders."

Stephen Westcott | Founder and Chairman | Melbourn Scientific Limited