Transfer of Stablelab to Zoetis Inc.

Pegasus Capital has advised Epona Biotech Ltd. on the transfer of its Stablelab diagnostic blood test to Zoetis Inc., the world’s leading animal health company. Stablelab is a hand-held, point-of-care, diagnostic blood test, which detects and quantifies the biomarker Serum Amyloid A, a major acute phase protein produced by the liver. By measuring Serum Amyloid A, Stablelab provides veterinarians with critical information relating to equine inflammation in as little as 10 minutes. Zoetis Inc. will manufacture, market and distribute Stablelab, thereby immediately giving the test significantly increased global coverage in the equine health market.

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HealthcareCatriona Barry
Sale of Murray & Spelman Group

Pegasus Capital has advised one of Ireland’s largest independent insurance brokers, Murray & Spelman group, on the sale of the business to Arachas Corporate Brokers Ltd. Murray & Spelman group, comprising Murray & Spelman Ltd. and Murray & Spelman (Kildare) Ltd., is one of Ireland’s largest independent insurance brokers. From its offices in Galway and Kildare, it offers a range of insurances to personal and commercial customers. The Murray & Spelman and Arachas businesses are highly complimentary with similar cultures and values and the acquisition will strengthen Arachas’ position in Murray & Spelman’s core markets in the West of Ireland and Kildare.

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Sale of Arrotek Medical Ltd.

Pegasus Capital has advised Arrotek Medical Ltd. (“Arrotek Medical”) on its sale to Theragenics Corp. Arrotek Medical is a specialist contract development and manufacturing organisation (“CDMO”) based in Collooney, Co. Sligo. Established in 2005, the business focuses on high-end CDMO solutions for minimally invasive catheter-based medical devices. US based Theragenics Corp. is a global supplier of access and procedure medical devices for a range of interventional and endovascular procedures, and is backed by private equity fund Juniper Investments. The addition of Arrotek Medical’s product development capabilities will allow the combined group to better serve existing customers, to address a wider segment of the interventional procedures market and to serve new markets in Europe.

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HealthcareCatriona Barry
Acquisition of Walkro International BV

Pegasus Capital has advised Monaghan Mushrooms Group on the acquisitIon of 100% of Walkro InternatIonal BV (“Walkro”), Europe’s largest producer of substrate for the mushroom industry, from Belgian private equity fund Gimv. Walkro has significant substrate productIon facilities in Belgium, the Netherlands and Germany. Monaghan Mushrooms Group had initially acquired a stake in Walkro in 2011. Monaghan Mushrooms Group is a fully integrated producer of substrate and mushrooms and one of Ireland’s leading family-owned food companies.

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Food & DrinkCatriona Barry
Sale of Greene Farm Fine Foods Ltd.

Pegasus Capital has advised Kepcar Investments Ltd. on the sale of Greene Farm Fine Foods Ltd. (“Greene Farm Fine Foods”) to O’Brien Fine Foods UC, the parent company of Brady Family Ham. Greene Farm Fine Foods is a leading producer of premium cooked meats under the Greene Farm brand and for the private label market.

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Food & DrinkCatriona Barry
Aalto Bio Reagents Ltd. Recapitalisation

Pegasus Capital has advised Dublin-based lifesciences company, Aalto Bio Reagents Ltd. on a recapitalization of the business. The transaction has enabled existing shareholders to exit, management to take an increased stake in the business, and has provided a stable base for the continued growth of the business. Ulster Bank Ireland funded the transaction.

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Fundraising for Bizimply Ltd.

Bizimply is a provider of a SaaS-based scheduling and attendance technology platform, focused on businesses with hourly paid employees.  The cloud-hosted platform enables organisations to engage with their employees across multiple locations through a highly intuitive user interface.

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SoftwareCatriona Barry