Repligen Corporation (“Repligen”) has signed a definitive agreement to acquire ARTeSYN BioSolutions (“ARTeSYN”).

ARTeSYN is a manufacturer of innovative single-use solutions for the downstream bioprocessing industry. The Company is growing rapidly, led by the success of its single-use chromatography and filtration systems which are considered the gold standards in downstream bioprocessing due to their performance, automation and low hold-up volumes. ARTeSYN’s suite of single-use solutions have been created with the goal of enabling abundance in medicine by allowing 10x greater efficiency in biologics manufacturing. Over the past decade, ARTeSYN has established downstream processing leadership with a suite of state of the art single-use systems for chromatography, filtration, continuous manufacturing and media/buffer prep workflows.  In addition, the Company has integrated unique flow path assemblies to deliver highly differentiated, low hold-up volume systems that minimize product loss during processing. ARTeSYN’s product portfolio also includes single-use valves with fully disposable valve liners, XO® skeletal supports and a hybrid small parts offering for de-bottlenecking traditional facilities. The Company is headquartered in Waterford, Ireland with additional locations in the United States and Estonia.

Repligen Corporation (NASDAQ: RGEN) is a global life sciences company that develops and commercializes highly innovative bioprocessing technologies and systems that increase efficiencies in the process of manufacturing biological drugs. Repligen’s mission is to inspire advances in bioprocessing for biopharmaceutical drug developers and contract development and manufacturing organizations (CDMOs) worldwide.

The transaction totals $200M, $130M of which will be paid in cash and $70M in Repligen common stock. ARTeSYN is projected to generate approximately $30M in pro forma revenue in 2020. The consideration at closing represents approximately 7x 2020P revenue and 24x 2019A revenue.

EC M&A acted as the exclusive financial advisor to ARTeSYN on this transaction.

Bioprocessing, Cross border, Europe, North America, Sellside