M&A
confidence high
sentiment positive
materiality 0.75
Bio-Techne invests $257M for 20% of Wilson Wolf; future buyout up to $1B
BIO-TECHNE Corp
- Wilson Wolf met trailing 12-month EBITDA target of $55M, triggering Bio-Techne's option.
- Bio-Techne will pay $257M for a 20% ownership stake; close expected end of March 2023.
- Remaining 80% can be acquired for $1B if Wilson Wolf hits $226M revenue or $136M EBITDA.
- If milestone not met by Dec 31, 2027, Bio-Techne can buy for ~4.4x trailing revenue.
- Wilson Wolf's G-Rex cell production tech is used by over 800 cell and gene therapy entities.