STRATA ADVISES THE SHAREHOLDERS OF LAB M HOLDINGS LIMITED ON ITS SALE TO NEOGEN CORPORATION
Strata Partners is pleased to announce that it acted as exclusive corporate finance adviser to Albion Ventures, Maven Capital Partners and the management shareholders of Lab M Holdings Limited, a UK-based developer, manufacturer and supplier of microbiological media and diagnostics products, on its sale to Neogen Corporation (NASDAQ:NEOG), the international food and animal safety company.
Lab M was founded in 1971, and is a leading international provider of microbial testing and diagnostic products for global food, water, industrial and clinical testing markets in more than 70 countries.
Terms of the agreement were not disclosed.
Commenting on Strata’s role in the transaction, retiring Lab M Chairman Colin Goodwille said:
“Strata conducted a discreet auction process in respect of Lab M with the utmost professionalism. They secured the interest of key potential buyers globally, provided 24×7 support and senior commitment throughout the sale process and were instrumental in delivering the expectations of our shareholders”.