- Exit: Agilent Technologies acquires the medical technology company Biocare Medical.
- Acquisition: The company specializing in artificial intelligence technologies, Advanced Machine Intelligence (AMI Labs), raises €890 million.
- Add-on: Fera Science acquires the service provider for mining and agricultural laboratories Qotho Minerals.
- Acquisition: Holland Capital invests in the reusable earplugs manufacturer Pluggerz.
EXCELLERE PARTNERS
Exit: Agilent Technologies acquires the medical technology company Biocare Medical
As part of a transaction valued at $950 million, Agilent Technologies ($6.94 billion of revenue in 2023, California / USA), a company that provides equipment, technologies, and services to laboratories active in the fields of pharmacology, research, energy, environment, diagnostics, and food, acquires Biocare Medical (California / USA), a medical technology company that develops automated immunohistochemistry instruments used in extemporaneous immunohistochemistry (IHC) laboratory tests. The historical investors of Biocare Medical, Excellere Partners and GHO Capital Partners, have sold their entire stake after supporting the company’s growth. This acquisition will allow Agilent Technologies to complete its portfolio of solutions for anatomical pathology, strengthen its capabilities in oncological diagnostics, and accelerate the development of new integrated solutions for biomedical research and clinical laboratories worldwide (Excellere Partners, press release)
CATHAY CAPITAL
Acquisition: The company specializing in artificial intelligence technologies, Advanced Machine Intelligence (AMI Labs), raises €890 million
Advanced Machine Intelligence (AMI Labs) (Île-de-France / FRA), a company that develops artificial intelligence systems capable of processing and interpreting data from real sensors for industrial applications, automation, wearable devices, robotics, and healthcare, by designing AI architectures capable of learning abstract representations from complex and continuous data, thus enabling systems to predict and plan actions within defined safety parameters, raises €890 million in a seed funding round jointly led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, with the support of a group of long-term international investors and strategic partners, including Toyota Ventures, New Legacy Ventures, Temasek, SBVA, NVIDIA, Mark Cuban, the Mulliez Family Association, the Marcel Dassault Industrial Group, Sea, and Alpha Intelligence Capital. Other leading investors also participated in the operation, including Eric Schmidt, Aglaé Lab, ZEBOX Ventures, Artémis, Xavier Niel, Publicis Groupe, Samsung, Bpifrance Digital Venture, Jim Breyer, Tim and Rosemary Berners-Lee, as well as Mark Leslie. This fundraising will allow AMI to accelerate its research on AI models based on ‘world models’, recruit high-level scientific talent, and develop artificial intelligence systems capable of understanding and anticipating real-world dynamics (Cathay Capital, press release)
BRIDGEPOINT GROUP
Add-on: Fera Science acquires the service provider for mining and agricultural laboratories Qotho Minerals
Majority-owned by Bridgepoint Group and supported by DEFRA (Department for Environment, Food and Rural Affairs), Fera Science (£58.6 million of revenue in 2024, Yorkshire and the Humber / ENG), a research institute that designs and develops innovative products and techniques for the early identification and detection of emerging threats in the agri-food sector, acquires Qotho Minerals (North West / ZAF), a company that develops certified reference materials for the mining and mineral sectors, as well as reference materials suitable for laboratory analyses, primarily for the mining, mineral, and agricultural sectors. With this acquisition, Fera Science significantly expands its portfolio of proficiency tests and seizes new development opportunities in the mining and African markets (Bridgepoint Group, press release)
HOLLAND CAPITAL
Acquisition: Holland Capital invests in the reusable earplugs manufacturer Pluggerz
Holland Capital announces an investment in Pluggerz (Gelderland / NLD), a brand specializing in the development and marketing of reusable and custom-made earplugs for hearing protection in various environments, such as sleep, travel, music events, motorcycling, swimming, and noisy professional environments. With the support of Holland Capital, Pluggerz aims to strengthen its leading position and accelerate its development to meet the growing demand for hearing protection solutions (Holland Capital, press release)
