Bishopsgate advises on the carve out of Isopharm Laboratories and sale to Eurofins
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Sector
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Bishopsgate Corporate Finance has supported the shareholders of Private Equity backed Agilio Software in the divestment of its laboratory business, Isopharm Laboratories, to Eurofins.
Agilio Software is a leading UK frontline healthcare operations software provider. It is supported by strategic growth investment from Five Arrows, the alternative assets arm of Rothschild & Co., and TA Associates (“TA”), a leading global private equity firm.
Eurofins is a listed global group of laboratories providing food, environment, pharmaceutical and cosmetic product testing and pharmacology, forensics, advanced material sciences and agroscience contract research services.
Isopharm Laboratories brings a modern approach to water testing, ensuring decontamination and infection control in both hospital and domestic environments. With state-of-the-art facilities and techniques, and temperature-controlled transport, Isopharm delivers testing services to sterile service departments, including endoscopy, theatres, and domestic settings.
This acquisition strengthens Eurofins’ UK presence in water hygiene testing by incorporating specialist healthcare testing into its extensive portfolio. Eurofins Food & Water Testing UK continues to offer a wide range of accredited services, including water safety, food safety, composition, authenticity, origin, traceability, and purity testing, as well as auditing services, through its expanding network of laboratories across the UK and globally.
Bishopsgate Advisors
Ed Wesson
Sam Reynolds
Paul Ward – Managing Director (Hospital), Agilio Software
Agilio is a leading provider of SaaS platforms to the Healthcare industry. We gained the laboratory business as part of an acquisition, and the time was right to find a new home after six years of development into a market leading UKAS accredited service to the Hospital decontamination sector.
We are sure that the laboratory will continue its success as part of the Eurofins group of laboratories, safe in the hands of a market leading test provider.
I would like to express my thanks to Ed and the team at Bishopsgate for their assistance and support throughout the transaction, building a professional end-to-end relationship with all parties, I would have no hesitation in recommending Bishopsgate services to others.
Ed Wesson – Partner, Bishopsgate Corporate Finance
It has been a pleasure working with the team at Agilio on the divestment of Isopharm. The transaction provides a great home for the Isopharm laboratories business, its customers and employees and Bishopsgate are thrilled with the outcome.
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