Hogan Lovells advises Navis Capital Partners on the sale of B Medical Systems Sa rl to Azenta Inc

Hogan Lovells advises Navis Capital Partners on the sale of B Medical Systems S.à r.l. to Azenta, Inc.

Press releases | 12 August 2022

Singapore, 12 August 2022 – A cross-border team from Hogan Lovells has advised Navis Capital Partners on the signing of definitive documentation to sell 100% of B Medical Systems S.à r.l., a Luxembourg-based market leader in temperature-controlled storage and transportation solutions to Azenta, Inc., a leading provider of life sciences solutions worldwide. The transaction values B Medical Systems S.à r.l. at an enterprise value of up to €460 million, and will close in October 2022.

B Medical Systems S.à r.l. is headquartered in Hosingen, Luxembourg and is one of the leading vaccine cold chain providers serving primarily fast-growing emerging markets, which require secure and reliable temperature-controlled storage and transport solutions. The portfolio includes vaccine transport systems with real-time monitoring solutions, medical refrigeration for ambient to -86°C temperatures, and blood management solutions. B Medical Systems S.à r.l. has an installed base of more than 500,000 units spanning approximately 150 countries across the globe. The Luxembourg headquarters includes a state-of-the-art, highly automated manufacturing facility.

This acquisition complements Azenta, Inc.’s cold chain capabilities, adding differentiated solutions for reliable and traceable transport of temperature-sensitive specimens.

The transaction was led by Singapore-based Asia-Pacific Head of Corporate & Finance Stephanie Keen with support from Senior Associate Mark Vincent and Associates Amelia Lee and Esther Wong, each of whom are also based in Singapore. Work was carried out across three time zones and the core transaction team was, and continues to be, well supported by Hogan Lovells team members globally including, members from the following offices:

 

Singapore

• Nick Williams (Partner, Investigations, White Collar, and Fraud)

• Danielle Wu (Counsel, Private Equity, Mergers and Acquisition)

• Kaveeta Sandhu (Counsel, Banking and Loan Finance)

• Khushaal Ved (Senior Associate, Investigations, White Collar, and Fraud)

• Priscilla Pang (Associate, Private Equity, Mergers and Acquisition)

• Esther Wong (Associate, Private Equity, Mergers and Acquisition)

• Xiaoning Sun (Associate, Banking and Loan Finance)

• Wei Lun Koh (Associate, Business Restructuring and Insolvency)

• Nicole Lim (Associate, Investigations, White Collar, and Fraud)

• Han Liang Lie (Associate, Investigations, White Collar, and Fraud)

• Wei Qi How (Paralegal, Banking and Loan Finance)

• Crystal Lim (Paralegal, Investigations, White Collar, and Fraud)

 

Hong Kong

• Ben Kostrzewa (Foreign Legal Consultant, Global Regulatory)

• Andrew Cobden (Counsel, Global Regulatory)

 

Luxembourg

• Alexander Koch (Partner, Mergers and Acquisition)

• Gerard Neiens (Partner, Tax)

• Jean-Philippe Monmousseau (Counsel, Tax)

• Ariane Mehrshahi (Counsel, Capital Markets)

• Kim Tang (Senior Associate, Mergers and Acquisition)

• Emmanuel Lamaud (Senior Associate, Mergers and Acquisition)

• Agnes Merz (Senior Associate, Capital Markets)

• Kelly Quesada Vega (Associate, Mergers and Acquisition)

• Carla Valdés Cortés (Associate, Capital Markets)

• Laurence Heinen (Legal Support, Mergers and Acquisition)

 

London

• Karen Hughes (Partner, Tax)

• Fiona Bantock (Partner, Tax)

• Eduardo Ustaran (Partner, Global Regulatory)

• Jamie Rogers (Partner, Litigation)

• Callum Fowers (Senior Associate, Tax)

 

Alex Rutherford (Associate, Global Regulatory)Denver

• Mark A. Kurtenbach (Partner, Mergers and Acquisition)

• William Nunn (Associate, Mergers and Acquisition)

• Gabriela Martinez (Paralegal, Corporate Finance)

 

New York

• Richard Aftanas (Partner, Capital Markets)

• Khaled Mowad (Senior Associate, Global Regulatory)

 

Washington D.C.

• Carin Carithers (Partner, Tax)

• Christine Lane (Partner, Tax)

• Ajay Kuntamukkala (Partner, Global Regulatory)

• Anthony V Capobianco (Partner, Global Regulatory)

• Scott T. Loughlin (Partner, Global Regulatory)

• Brian P Curran (Partner, Global Regulatory)

• Anna Shaw (Partner, IPMT)

• Sara Lenet (Counsel, Mergers and Acquisition)

• Caitlin R Piper (Senior Associate, Tax)

• Patrick de Laperouse (Senior Associate, Global Regulatory)

• Roshni Patel (Senior Associate, Global Regulatory)

• Bothwell Graham (Associate, Tax)

• Patrick Miller (Associate, Global Regulatory)