PEMCF advises on sale of specialist laboratory consumables supplier

Headquartered in Thaxted, Essex, Qmx is a leading provider of specialist chemicals and products to research and quality testing laboratories in the environmental, chemical, life sciences, medical and academic sectors. Qmx is a leading supplier of reference standards and materials, resulting from its first-class commitment to quality and distinction in the development and delivery of dependable, high-quality scientific solutions.

Qmx Laboratories engaged PEMCF to provide specialist transactional advice to the shareholders. Founded in 2013, Calibre Scientific is a diversified global provider of life science reagents, tools, instruments, and other consumables to lab research, diagnostics, industrial, and biopharmaceutical communities. Its global presence and capabilities gives it an unrivaled ability to address its customers’ challenges in their respective markets.

On the sale, Dr Glyn Banks, Managing Director and Founder of Qmx Laboratories commented:

“PEMCF have been a reassuring guide through the process providing pertinent professional advice with a friendly, supportive manner, ensuring a successful outcome. Philip and his team have been approachable and relatable throughout and have been a pleasure to work with. The new partnership between Qmx Laboratories and Calibre Scientific will provide the resources and support to enable the continued growth of Qmx Laboratories whilst ensuring the high standards of customer service and technical expertise are maintained.”

Philip Olagunju and Darren Hagan from PEMCF assisted the vendors with price negotiations, net working capital analysis, due diligence assistance and general transaction support. Supplementary transactional tax advice was provided by Angus Wood from PEM.

Philip Olagunju, Partner and Head of PEM Corporate Finance comments:

“This was a fantastic deal, from start to finish. On the buyside, it was a pleasure to deal with Calibre Scientific once again, with PEMCF previously providing sell-side advice on their acquisition of Molecular Dimensions, and valuation advice on their acquisition of Camlab (which completed in April 2024). On the sell-side, this was a real case of PEM providing holistic joined up advice, from Jemma Gibbons-Riddell providing compliance services, through to Angus Wood advising on transaction tax. It was also great to work alongside Alastair Gunn and Martino Barzaghi at Buckles on the legals. Glyn was a dream client to advise, and the PEM team would like to congratulate him and everyone involved in this transaction. We very much wish the Qmx team and Calibre Scientific all the best for the future.”

Legal advice to the vendor was provided by Alastair Gunn and Martino Barzaghi of Buckles Law.

Legal advice to the buyer was provided by Jayne McGlynn of DWF Law.