Skip to main content
CLOSE

Charities

Close

Corporate and Commercial

Close

Employment and Immigration

Close

Fraud and Investigations

Close

Individuals

Close

Litigation

Close

Planning, Infrastructure and Regeneration

Close

Public Law

Close

Real Estate

Close

Restructuring and Insolvency

Close

Energy

Close

Entrepreneurs

Close

Private Wealth

Close

Real Estate

Close

Tech and Innovation

Close

Transport and Infrastructure

Close
Home / News and Insights / News / BDB Pitmans advise on sale of leading life science industry distributor

Top 100 UK law firm, BDB Pitmans, has advised Cambridge Bioscience Ltd, a Cambridge-based distributor of high quality and innovative life science products, on its sale to Nordic BioSite Group (NBG) for an undisclosed sum. As part of the transaction, Research Donors Ltd, sister company to Cambridge Bioscience, has also been acquired.

NBG is a leading European supplier of research and diagnostics products, with a particularly strong position within the antibody and other research reagent markets. The acquisition of Cambridge Bioscience means NBG will become an even stronger partner to its suppliers, expand the geographic footprint of its network, and bring new products to customers. The addition of Research Donors brings an exciting new product area to NBG’s existing European customer base.

The CEO of NBG, Wilco van Hamond, said: “We see strong potential for creating a pan-European life science research distributor, serving suppliers across Europe. The intensity and quality of British life science research made the UK a natural next step in our growing geographical footprint. Cambridge Bioscience was the clear choice given their excellent reputation amongst both suppliers and customers. In our constant efforts to better serve our customers we identified human biospecimens as a key enabler of life science research and as a gap in our current portfolio – hence we see strong logic for acquisition of Research Donors, a London-based high-quality provider of biospecimens.”

Mike Kerins, Managing Director of Cambridge Bioscience and founder of Research Donors will continue to lead UK operations as well as supporting the Group on strategic development. Commenting on the acquisitions, he said; “The consolidation of the European life science distribution market will generate value for suppliers and customers, and I see a bright future for both Cambridge Bioscience and Research Donors as part of the fast-growing Nordic BioSite Group. Duncan Walker and Ross Fletcher from BDB Pitmans have provided expert legal guidance to us as we have negotiated the agreements for these transactions. Their advice has been clear, constructive and efficient, ensuring that shareholders’ best interests have been met.

BDB Pitmans were appointed by the vendors to provide legal advice. Duncan Walker, partner, said:

It was a pleasure to advise and negotiate on behalf of Mike Kerins and Cambridge Bioscience on these transactions. We had a strong and constructive relationship, which we believe ensured the best outcome. In addition, we had a fantastic and enjoyable working relationship with PEM Corporate Finance. It has been great to work professionally with them.

Lake Falconer and Samuel Reynolds from PEM Corporate Finance were appointed to provide M&A advice to the vendors and White & Case provided legal advice to NBG .

Related Articles

Our Offices

London
One Bartholomew Close
London
EC1A 7BL

Cambridge
50/60 Station Road
Cambridge
CB1 2JH

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

 

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

  • Lexcel
  • CYBER ESSENTIALS PLUS

© BDB Pitmans 2024. One Bartholomew Close, London EC1A 7BL - T +44 (0)345 222 9222

Our Services

Charities chevron
Corporate and Commercial chevron
Employment and Immigration chevron
Fraud and Investigations chevron
Individuals chevron
Litigation chevron
Planning, Infrastructure and Regeneration chevron
Public Law chevron
Real Estate chevron
Restructuring and Insolvency chevron

Sectors and Groups

Private Wealth chevron
Real Estate chevron
Transport and Infrastructure chevron