Sale of Tissue Solutions Limited to BioIVT LLC

Deal typeM&A
IndustryLife Sciences

BDO is delighted to have acted as lead M&A advisor to the shareholders of The Intelligent Tissue Group Limited on the sale of its subsidiary entity, Tissue Solutions Limited, to BioIVT LLC.

Established in 2007, Tissue Solutions Limited is a globally recognised virtual biobank, providing ethically sourced human tissue samples used in all areas of drug discovery and development.

Its virtual biobank offers a single point of access for the provision of high-quality diseased and normal human biomaterials.

BioIVT, headquartered in New York, USA, is a leading global provider of research models and value-added research services for drug discovery and development.

"I would wholeheartedly recommend anyone going through a process to sell their company to engage with the M&A team at BDO.  From start to finish, they were on the ball and working to get the best deal possible for us. I really don’t think we could have coped without their continued support and guidance, not to mention achieved the value we did.

"They very quickly felt like an extension to our team and were guiding and advising us throughout the whole process, setting realistic expectations and having difficult conversations as required. It meant we still had some capacity to get on with the day job while they worked on our behalf, taking a lot of the stress and emotion out of it.

"Get these experts in as soon as you can, don’t try to cut corners and save costs by doing it yourself, it is a false economy."

Dr Morag McFarlane, CEO, Tissue Solutions Limited