In one of last year’s most significant deals in the life sciences sector, CMS client SYNLAB bought ALcontrol, a European provider of environmental testing services. SYNLAB is Europe’s leading provider of lab services in the environmental sector.
A multidisciplinary CMS team in Belgium, France, Germany, the Netherlands, Spain and the UK advised SYNLAB on the deal, which subsequently received merger approval from the competition authorities. The selling shareholder was GSO Capital Partners and the agreement was structured under English law.
The deal expands SYNLAB’s capacity in environmental diagnostics and provides access to a number of European markets, including the Netherlands, Sweden, Norway and Denmark.
This was a multi-faceted mandate. Our cross-border teams advised on the M&A auction process, the purchase agreement, competition approvals and a subsequent restructuring of the company. The deal significantly increased SYNLAB's European footprint. It was a key strategic acquisition for the company.
Christoph Lächler, Partner, CMS Stuttgart
CMS has advised SYNLAB on the acquisition of a number of laboratories since 2010, in Germany and all over Europe. The company carries out around 450 million analyses a year and has revenues of EUR 1.6bn.
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