Article/Intelligence
BREAKING: Clario to Be Acquired by Thermo Fisher Scientific for $8.875B from Shareholder Group Led by Astorg, Nordic Capital, Novo Holding and Cinven
Thermo Fisher Scientific Inc. today announced a definitive agreement to acquire Clario Holdings Inc. from a shareholder group led by Astorg and Nordic Capital, Novo Holding and Cinven, for $8.875 billion in cash at close plus potential additional earnout and other payments in the future, largely dependent on performance.
In addition to the initial cash purchase price at closing, Thermo Fisher has agreed to pay $125 million in January 2027. Thermo Fisher has also agreed to pay up to $400 million of earn-out payments based on the performance of the business in 2026 and 2027.
The transaction is expected to be completed by the middle of 2026. To fund the transaction, Thermo Fisher intends to use proceeds from debt financing and cash on hand. Upon close, Clario will become part of Thermo Fisher’s Laboratory Products and Biopharma Services segment.
For Thermo Fisher, WilmerHale is serving as principal deal counsel and Axinn and Freshfields as regulatory counsel. For Clario, Evercore is serving as lead financial advisor and Latham & Watkins as deal counsel.
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