 |
Kekst CNC is handling medical laboratory supplier Avantor Inc.’s $1.1B deal for Germany’s Ritter GMbH.
Ritter makes robotic and liquid handling consumables that are used in a variety of molecular screening and diagnostic applications.
The merger expands Avantor’s offerings to biopharma and healthcare end markets and bolsters the number of products for lab automation workflows.
Avantor CEO Micheal Stubblefield said the deal partners “share similar characteristics including a highly recurring, specification-driven revenue profile and a consumable-driving portfolio of products produced to exacting standards that enhances their unique customer value proposition.”
The Radnor, PA-based company has spent $8B for 40 acquisitions since 2011.
It registered a 5.8 percent rise to $6.4B in 2020 revenues and a 208 percent surge in net income to $116M.
Kekst CNC has Daniel Yunger and Nathan Riggs representing Avantor.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
Houston’s Dancie Perugini Ware PR represents Fertitta Entertainment as it takes Caesars Entertainment private in a $17.6B cash deal. 
