Edmond de Rothschild Corporate Finance advised Abénex and the management of Cisbio Bioassays in the disposal of the company to PerkinElmer

News flash - 4/30/2019

Abénex and Cisbio’s management are delighted to announce the acquisition by PerkinElmer from Abénex of Cisbio Bioassays, a leading custom assay service provider with a broad portfolio of Homogeneous Time Resolved Fluorescence (HTRF)® kits and reagents.

Abénex and Cisbio’s management are delighted to announce the acquisition by PerkinElmer from Abénex of Cisbio Bioassays, a leading custom assay service provider with a broad portfolio of Homogeneous Time Resolved Fluorescence (HTRF)® kits and reagents.

Founded in 1974, and headquartered in Codolet, France, Cisbio has more than 200 employees. Cisbio develops, manufactures, and markets high quality kits and reagents for the life sciences and drug discovery markets. After a successful ramp up over the last four years as a standalone company, Cisbio's management and Abénex were looking for the next development step to find a partner which could support Cisbio's ambitious growth plan.

Cisbio’s portfolio will expand PerkinElmer’s current offerings for life sciences researchers. Specifically, Cisbio’s market leading and proprietary HTRF screening technology will ideally complement PerkinElmer’s customers’ upstream workflows such as target identification and characterization, along with downstream applications such as lead optimization and validation.

"This operation represents a promising match for our company“, declared Joseph Jammal, CEO of Cisbio. "This will enable us to serve even better the scientific community with a best-in-class reagent and custom assay offer based on no-wash detection assays."

 

Deal Participants

Sellers : Management (Joseph Jammal and management team), Abénex (Antoine Schouman, Johann Dupont, Vincent Gouedard)

Sellers’ advisors

M&A: Edmond de Rothschild (Arnaud Petit, Laure Klein, Mohamed Rtel Bennani)

Legal: DLA Piper (Xavier Norlain, Julia Elkael, Alexis Orlando)

Management: Taylor Wessing (Laurence Lapeyre, Dalila Mabrouki)

Financial vendor due diligence: Eight Advisory (Lionnel Gérard, Christophe Puissegur,Valérie Jacquard)

Legal, tax and social due diligence: Fidal (Xavier Houard, Anne Frechette-Kerbrat, Albane Eglinger)

Insurance: Zurich Insurance (Charles de Mombynes), SIACI Saint Honoré (Eric Remus, Maxime Bonduelle)

Acquirer : PerkinElmer

Acquirer’s advisor : Hogan Lovells LLP (Jean-Marc Franceschi, Florian Tranchecoste, Sophie Han)