
Qualitas buys genomics specialist Imegen
Asset management firm Qualitas Equity Partners has acquired genetic diagnosis and genomics specialist Imegen in a deal valuing the business at €10m.
As part of the deal, Qualitas injected fresh capital from its Q-Growth fund, alongside biotech-focused consultancy firm Biolty, according to press reports. Furthermore, the company’s CEO, Angela Perez, will retain a minority stake and will continue to lead the business.
The investor syndicate acquired its controlling stake from Realiza Business Angels and aims to expand the business internationally following the transaction.
Qualitas currently manages two vehicles: fund-of-funds Qualitas Mutual Private Equity Fund I, which raised €60m and targets the European mid-market private equity market; and 2014-vintage growth capital fund Q-Growth, which also manages a €60m pot and targets companies with revenues in the €3-15m bracket.
Company
Imegen is headquartered in Valencia and specialises in genetic diagnosis and genomics research. The company was established in 2009 and currently employs a staff of 60.
According to press reports, the company posted a turnover of €4.1m in 2015.
People
Qualitas Equity Partners – Borja Oyarzábal (partner).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater