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Calibre Scientific Closes $92M Credit Facility

NEW YORK – Calibre Scientific said this week that it has closed a $92 million multicurrency facility with CVC Credit Partners, which will be used to refinance an existing debt facility and support potential acquisitions.

Baird Global Investment Banking was the exclusive debt advisor for the transaction.

Los Angeles-based Calibre comprises several life science and diagnostic businesses. Among its brands are Alpha-Tec Systems, EdgeBio, Microlytic, Molecular Dimensions, and others.

Earlier this year, it acquired NeXtal, which offers products in structural biology, from Qiagen.

Since its founding in 2013, Calibre has expanded through a combination of organic growth and acquisitions, and the new debt facility will enable it to progress with its next phase of development, Calibre CEO Benjamin Travis said in a statement.

The company is backed by privately held investment firm StoneCalibre.