London—Dentons has advised leading global investment firm KKR and LGC on the sale of LGC, a global leader in the Life Science Tools sector, to a consortium led by Cinven and Astorg. Financial terms of the transaction were not disclosed.  

LGC, which is headquartered near London and has over 3,200 employees across 22 countries, provides a comprehensive range of measurement tools, proficiency testing schemes, supply chain assurance standards and specialty genomics reagents underpinned by leading analytical and measurement science capabilities. Its scientific tools and solutions form an essential part of its customers’ quality assurance procedures and enable organisations to develop and commercialise new scientific products and advance research. The company serves customers across a number of end markets, including human healthcare, agri-food and the environment. 

Stephen Levy, partner in Dentons' UK Corporate team, said, "We were pleased to advise longstanding client KKR on its sale of LGC, which under KKR's ownership and the stewardship of the incumbent management team extended its capabilities into several areas and achieved strong growth across multiple regions both organically and by way of complementary acquisitions."

The Dentons team, which was led by Stephen Levy and UK Corporate partner Jayne Schnider, coordinated a vendor diligence exercise across almost 20 jurisdictions to prepare a legal fact book about LGC and assisted with certain other areas of the deal.

Dentons has advised KKR on numerous transactions in recent times, including on its high profile acquisition of Unilever's spreads business for €6.825 billion, on KKR-backed Calsonic Kansei's purchase of Fiat Chrysler's Magneti Marelli, and on its acquisition of Travelopia from TUI AG. 

Dentons' UK Private Equity team has been working with buyout funds, venture capitalists, other institutional investors and entrepreneurs for many years, helping them to raise capital and source, finance and complete transactions around the world. Dentons has over 200 specialist lawyers globally working on private equity transactions.

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