CVC Credit supports further growth at Calibre Scientific with an incremental $57 million multicurrency credit facility
Funding by CVC Credit has supported five acquisitions since June 2020
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NEW YORK, Feb. 24, 2021 /PRNewswire/ CVC Credit is pleased to announce that it has further supported life sciences and diagnostics business, Calibre Scientific, by leading an incremental $57 million multicurrency first lien credit facility to help fuel its ongoing global acquisition strategy. Calibre Scientific is owned by investment firm StoneCalibre.
CVC Credit originally provided a $92 million multicurrency first lien credit facility for Calibre Scientific in June 2020. Since this time the company has significantly grown its top line and expanded its geographic footprint through five recently completed add-on acquisitions.
CVC Credit has provided a $57 million credit facility to Calibre Scientific, a Los Angeles-based provider of consumable products in the life science tools and diagnostics markets.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Calibre Scientific Expands European Presence and Chromatography Offering With AIT France Acquisition
CalibreScientific, Inc.January 25, 2021 GMT
LOS ANGELES, Jan. 25, 2021 (GLOBE NEWSWIRE) Calibre Scientific is pleased to announce the acquisition of AIT France (“AIT”), a manufacturer and distributor of innovative consumables for analytical chemistry and chromatography. With this acquisition, Calibre Scientific bolsters its strength in the chromatography market and continues to broaden its life sciences presence in Europe.
Headquartered in Paris, France, AIT supplies public and private researchers and pharmaceutical laboratories. The company manufactures proprietary components and distributes a large range of consumables for chromatography and analytical chemistry, including exclusive distribution of products from numerous top brands.