Tony Savill is pleased to announce the sale of Molecular Dimensions Ltd to Anatrace, a portfolio company of Los Angeles-based private equity firm, StoneCalibre. By adding Molecular Dimensions to the Anatrace family, it establishes a European presence for the group and further solidifies its position in the structural biology arena.
Newmarket-based Molecular Dimensions was founded in 1998 and a leading supplier of modern screens, reagents, other consumables and instrumentation for structural biology research. In 2010, PEM Corporate Finance advised Tony Savill on the successful management buyout of the company from its previous owners.
For many years the company has provided specialist products for crystallographers and grown through alliances with leading scientists aimed at developing and commercializing innovative ideas. The company serves clients operating in structural biology research across Europe, the Americas and Asia in universities, research institutes, and blue-chip corporates focused on drug discovery.
“As I evaluated a variety of potential strategic alternatives for Molecular Dimensions, it quickly became evident that partnering with Anatrace and StoneCalibre was the ideal path forward,” said Tony Savill, Founder and Managing Director of Molecular Dimensions. “Their industry expertise, growth-oriented mindset and our strategic fit with Anatrace convinced me that Molecular Dimensions would continue to thrive under their leadership for years to come.”
Lake Falconer, Corporate Finance Partner said: “We are delighted to have advised Tony on the original MBO of Molecular Dimensions in 2010, through its subsequent development, and now the sale to Anatrace. The two businesses look an excellent strategic fit together. It’s an excellent example of how we can help our client achieve their plans at all stages.”
Legal advice was provided by Jonathan Greenwood and Kimberley Bruce of Mills & Reeve LLP.
Image: Lake Falconer (PEMCF) and Tony Savill (Molecular Dimensions)
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