Consortium sells LAB901
Archangel Informal Investment, Alliance Trust, Scottish Enterprise, Foresight, Noble Fund Managers and the Business Growth Fund have exited their stake in LAB901.
The company, a developer and supplier of platform technology instruments that analyse DNA, RNA and protein fragments, was purchased by measurement company Agilent Technologies.
A team led by Janita Good from law firm Osborne Clarke advised the management team, while Mark Barron and colleagues from Taylor Wessing supported the acquirer.
Noble Fund Managers entered into LAB901 in August 2006, leading a £1.5m series-D funding round alongside existing investor Archangel.
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