At what enterprise value was LGC GROUP acquired in 2015?

During the acquisition of LGC GROUP by KKR in 2015, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of LGC GROUP when it was acquired by KKR?

The estimated EV/EBITDA multiple for LGC GROUP is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was LGC GROUP acquired by KKR?

LGC GROUP was acquired by KKR in 2015.

What was the revenue of LGC GROUP at the time of the deal?

The revenue of LGC GROUP at the time of the deal is estimated to be in the range of 150M - 250M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of LGC GROUP during the acquisition?

LGC GROUP's EBITDA is estimated to be in the range of 50M - 100M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the LGC GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the LGC GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.reuters.com/article/business/private-equity-consortium-to-buy-uk-testing-firm-lgc-from-kkr-idUSKBN1XV1DR/

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Home Database Business ServicesLGC GROUP

12/2015

LGC GROUP acquired by KKR

UNITED KINGDOM Industrial Services / TIC (Testing, Inspection, Certification) EV 500M - 1.5b GBP

Context

KKR has signed a definitive agreement to acquire LGC Group from the private equity firm Bridgepoint. This secondary LBO marks a transition for LGC following its ownership by Bridgepoint, which acquired the company in 2010. The strategic rationale for the acquisition is to leverage KKR’s global platform to accelerate LGC’s growth, particularly in North America and Asia. KKR intends to support the company’s ongoing focus on R&D and pursue an aggressive buy-and-build strategy to consolidate the fragmented life sciences tools and services market. The transaction is subject to customary antitrust approvals and is expected to close in the first quarter of 2016. Simpson Thacher acted as legal counsel to KKR for this acquisition.

It is worth noting that the fund Bridgepoint took control of Lgc Group through an LBO in 2010.

LGC GROUP, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Business Services market trends

Target

LGC Group is a global leader in the Life Science Tools sector, providing critical measurement tools, specialty genomics reagents, and supply chain assurance standards. Established in 1842, the organization serves over 50,000 laboratories worldwide across human healthcare, agri-food, and environmental markets. Its portfolio includes proficiency testing schemes and analytical science capabilities essential for public safety and product regulation. The entity operates a global network across 22 countries and employs more than 3,200 people, including internationally recognized scientific experts. Under its mission "Science for a Safer World," the group enables organizations to develop and commercialize new products while advancing research in genomics and quality assurance.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2020	CINVEN / ASTORG	LGC GROUP	UNITED KINGDOM	Industrial Services	A consortium led by Cinven and Astorg has acquired LGC Group from KKR. The transaction, which represents the first investment for Cinven's seventh fund. KKR, which acquired LGC in 2015 from Bridgepoint, reportedly achieved a 3x return on its investment following 15 bolt-on acquisitions and accelerated organic growth
02/2010	BRIDGEPOINT	LGC GROUP	UNITED KINGDOM	Industrial Services	The acquisition of LGC by Bridgepoint marks a highly strategic external growth operation, driven by the private equity firm's investment thesis of supporting companies with strong service-based reputations in fragmented but growing markets

REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 150M - 250M GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LGC GROUP by KKR are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: kkr