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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.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
