M&A
confidence high
sentiment positive
materiality 0.75
CooperCompanies to acquire Generate Life Sciences for $1.6B cash, expected to close Q1 2022
COOPER COMPANIES, INC.
- CooperSurgical unit will acquire Generate, a provider of donor egg/sperm, fertility cryopreservation, and newborn stem cell storage.
- Aggregate cash consideration of $1.605 billion; transaction not subject to financing condition.
- Generate reported trailing twelve-month revenue of ~$250M as of Sep 30, 2021.
- Deal expected to be accretive to non-GAAP EPS by ~$0.30 in first year after closing, excluding one-time and amortization charges.
- Closing anticipated in Cooper's first fiscal quarter of 2022 (starting Nov 1), subject to HSR and customary conditions.