MBO of Molecular Dimensions

Logo of Molecular Dimensions

PEM Corporate Finance acted as advisors to Tony Savill, CEO of Molecular Dimensions and its US affiliate Molecular Dimensions Inc.   We advised on structuring the transaction and helped Tony to negotiate the terms of the buyout from Stratech Scientific Limited.   We also raised the finance to support the purchase. 

Company background

Molecular Dimensions is a world leading supplier of screens, reagents and instrumentation for protein structure determination by X-ray crystallography.  Headquartered in Newmarket, Suffolk it has offices in the USA and distribution in Asia.  Founded in 1998 it has grown through alliances with leading scientists aimed at developing and commercializing innovative ideas.  Alliances include the MRC Laboratory of Molecular Biology Cambridge, Imperial College London, and the York Structural Biology Laboratory, University of York.   The company currently has over 20 projects in development from new screens and reagents for crystal growth, new laboratory plastic-ware, to a range of instrumentation.

What was special

The transaction took many months from inception to completion due to the difficulty in progressing transactions in 2010.  This was due to recession and the lack of liquidity in the banking market.   We continued to support Tony through the process and ultimately were able to secure a choice of financing for him. 

Deal structure

The deal was supported with term lending and asset based finance from HSBC technology division based in Cambridge alongside equity from management.
 

Read the press release

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