Strata advised the shareholders of Lab M Holdings Limited on its sale to Neogen Corporation
2015
Transaction Summary
Strata Partners 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 has grown into a leading provider of microbial testing and diagnostic products for the global food, water, industrial and clinical testing markets. The company currently sells into more than 70 countries worldwide, and has several large customers in the European Union, Middle East and India.
Neogen Corporation develops and markets products dedicated to food and animal safety. The company’s Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen’s Animal Safety Division is a leader in the development of animal genomics along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care and disinfectants.