Larodan Holding AB
Larodan Holding AB Associated British Foods plc has acquired Larodan Associated British Foods plc
We are selling a small Swedish life science company in the reearch lipids space. The company is Larodan (https://www.larodan.com/), which is mainly a provider of lipids used for analysis and research within pharma, food / agro and academia. The main use is as reference standards in analysis and the second largest segment is reagents in research / product development. The company is based in Stockholm, and is today owned by two individuals. During 2019 the company had sales of ca. USD 2.5m with 25% EBITDA margin. Ca. 70% of sales represent the company’s own lipids where the gross margin is around +80%. The remainder of sales come from distribution of research chemicals and lipids in the Nordics. Of the sales of own lipids ca. 90% is exported outside the Nordics.
If you have any ideas of potential buyers you would like to introduce this to, ideas are very welcome. Likely deal value is somewhere around USD 4-6m.
Associated British Foods plc
Evli Corporate Finance AB
Evli has been providing corporate finance services since 1997. Today Evli has around 20 professionals at our Helsinki and Stockholm office, supported by a network of more than 20 senior advisors with previous top management experience from a range of industries. We advise our clients on mergers and acquisitions, disposals, leveraged buyouts, joint ventures and various capital market transactions including public and private fund raisings. We are generalists in terms of industries that we work with, but have significant experience from transactions in the following sectors: TMT, healthcare, industrials, consumer goods & retail, energy and business services. Our clients are typically companies, private and public, and their owners as well as institutional investors and private equity companies active or interested in the Nordic countries.