Genevac Ltd. acquired by Riverlake Partners, LLC


Riverlake Partners, LLC, a US-based private equity firm, announced the acquisition of Genevac Ltd from Thermo Fisher Scientific Inc. Neither the structure terms nor the value of the transaction were disclosed. MVC Capital participated in the financing, in conjunction with Riverlake.

Riverlake will merge Genevac into its platform investment, SP Industries, Inc. (SP) to create a dynamic global equipment company. Other SP brands include HotPack, VirTis and FTS, which was acquired in October 2006. Together, SP develops, manufactures and markets a line of laboratory equipment sold worldwide.

Charles L. Grant, a Riverlake partner and chief executive officer of SP, will lead Genevac's operations during the consolidation process and beyond.

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