Key Highlights
- Sector: Manufacturing
- Category: Life Sciences
- Deal Type: Asset purchase
- Deal Size: £X00,000
Overview
458 acted for Thistle Scientific on the business purchase of electrophoresis equipment supplier, Cleaver Scientific from its administrators. Thistle Scientific is a specialist life science laboratory supplier, focusing on live cell imaging application, molecular and cell biology, liquid handling and general laboratory equipment and consumables.
Nathan Lapsley, who led the 458 team said: “458 were pleased to be able to act for Thistle on the purchase of the Cleaver business. As with any purchase out of admin, timescales were tight and we had to work fast and efficiently to get the deal closed. We are delighted to have got this over the line for the Thistle team and look forward to seeing the Cleaver business integrated into Thistle’s already exciting offering.”
Adie Cleaver, founder and director of Thistle Scientific, comments
“A huge thank you to the 458 team for getting this deal over the line for us. There were several factors to consider with this deal that could have made things tricky, but the corporate, restructuring, disputes and employment teams at 458 made things easy for us. 458’s support far exceeded my expectations, and I would not hesitate recommending them to any business that is looking to undertake a strategic transaction”
