Limerston-backed Arch Sciences acquires Apex Scientific

The firm provided fresh capital to support the acquisition, drawn from its debut fund, which closed on €223.5m in August 2017.

Formerly called Crawford Scientific, Limerston acquired the company in October 2017 from Maven Capital Partners. The sale generated a 4.7x return for the vendor after a three-year holding period, equivalent to an IRR of 70%.

This is part of Arch's international expansion plan, and its first step into the EU market. Apex's management team will stay on with the company.

Company
Apex Scientific provides chromatography, sample preparation, liquid handling and related services in Ireland. It is based in Maynooth and was founded in 2007.

People
Limerston Capital Partners - Martim Avillez; Joao Rosa (founding partners). 
Apex Scientific – Andy Pepper (CEO).

Advisers
Acquirer – Grant Thornton (corporate finance); Pinsent Masons (legal).

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• Topics
• Expansion
• UK / Ireland
• Support services
• Ireland
• Buy-and-build
• Build-up
• Pinsent Masons
• Grant Thornton