Acquisition of HFL by Quotient BioResearch

Logo of Quotient BioResearch

PEMCF gave advice to the incumbent management as part of this acquisition from the Horseracing Betting Levy Board of the Horse Racing Forensic Laboratory ('HFL') by Quotient Bioscience.

Company background

Quotient BioResearch is a new company focused on building a group of businesses centred on high quality analytical and safety evaluation services, primarily for the global pharmaceutical and biotechnology industries. The acquisition of HFL, which delivers advanced analysis of biological and pharmaceutical compounds from a world-class facility near Cambridge, UK, marks a major step in achieving this strategy.

What was special

This deal was an acquisition from the public sector sold to an MBI vehicle formed for the purpose, local management also participated in the transaction.

Deal structure

Ulster Bank Limited, a subsidiary of Royal Bank of Scotland, provided the debt finance for the acquisition alongside management equity.

 

Read the press release

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