NOVA IS A PIONEER IN PORTFOLIO BUY-OUTS
SPECIALISING IN ACQUIRING MULTIPLE BUSINESSES
IN A SINGLE TRANSACTION

MULTI-NATIONAL CORPORATE CARVE-OUT EXAMPLE

SOLUTION HIGHLIGHTS

  • Price agreed at early stage and held
  • Defined Benefits pensions scheme closure
  • Significant carve-out challenges eg integrated
    logistics, finance and sales teams
  • Creation of 3 new businesses from previous single
    division structure
  • Value given to 30 acre brown-field manufacturing
    site with residential development potential 
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Bibby Scientific

A leading designer and manufacturer of bench-top laboratory equipment divested in 2015.

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Carbolite Holdings Limited

Manufacturer of furnaces, ovens and incubators for use in laboratories divested in 2012.

 

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Scilabware

Supplier of reusable laboratory ware divested in 2011.

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Afora S.A.

Spanish distributor of laboratory equipment divested in 2008.

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Dynalab

Specialist importer of laboratory reusables divested in 2009.

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Sterilin

Manufacturer of plastic ware divested in 2011.

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Transaction Highlights

MAIN DEVELOPMENTS
  • 3 CEO positions created
  • $15m rebuild of Sterilin manufacturing
  • 2 bolt-on acquisitions
  • New factory for Bibby Scientific, 3 site moves
  • Residential development of main site 
TRANSACTION
  • Seller: Barloworld Scientific Ltd
  • Location: South Africa
  • Date: November 2007
  • Value: $120m 
PORTFOLIO
  • Number: 6 + Property
  • Sectors: Scientific Equipment, Industrial,
    Medical Supplies
  • Geography: UK, USA, China, France, Italy, Spain 
PROCESS
  • Type: Auction
  • Seller’s Adviser:
    Mooreland Partners
ORIGIN
  • Corporate seller
  • New CEO
  • Sale of non-core assets
    following strategic review

 

BUSINESS (POST CARVE-OUT)
  • Carbolite
  • Bibby Scientific
  • Sterilin
  • Afora
  • SciLabware
  • Dynalab