Deal Details
Avidity Science Completes Debt Financing for Acquisition of Lab Products
Summary
Avidity Science, LLC (“Avidity Science” or the “Company”), a portfolio company of ShoreView Industries (“ShoreView”), recently completed a recapitalization through a senior secured credit facility to refinance existing debt and to support the acquisition of Lab Products, Inc. (“Lab Products”).
Baird served as the exclusive debt advisor to Avidity Science, LLC on this transaction
About
Avidity Science is a worldwide leader in water purification and delivery, control and monitoring and service solutions for the life science and biomedical research communities. Since 1969, its mission has been to enable science to improve the quality of life. With operations in the United States, Europe and Asia, Avidity is a trusted partner to the global research community through unrivaled technology and support.Founded in 2002, ShoreView is a private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare and consumer products. Shoreview is based in Minneapolis, Minnesota.
Lab Products produces a variety of state-of-the-art products used by life sciences companies, government agencies, universities and research facilities in critical biomedical research, including consumable watering systems and research model identification and housing solutions. Lab Products goes to market through three business segments: Bio Medic Data Systems, Hydropac® and Lab Products. Lab Products is based in Delaware and Maryland.
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- Date
- November 2020
- Company
- Avidity Science, LLC
- Transaction
- Private Capital Markets
- Sectors
- Industrial
- Verticals
-
Water & Filtration
- Target Geography
- North America
- Acquiror Geography
- North America
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