Patricia acquires Advanced Instruments at EV/ EBITDA 24x
September 28, 2020
Patricia Industries, a part of Investor AB, has acquired the US-based company Advanced Instruments from California mid cap PE firm Windjammer Capital. Advanced Instruments is a global supplier of instruments and disposable products for osmolality testing in the clinical, biopharmaceutical and f&b markets. The purchase price amounted to an EV of USD 780m. The acquired business has trailing sales (June 2020) of USD 72m with an adjusted EBITDA of USD 32.4m, implying an trailing adjusted EV /EBITDA of 24x.
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