Barings Supports Skalar Group’s Acquisition of EST Analytical and TSHR
Barings today announced its role as joint lender, alongside HSBC Innovation Banking, of senior secured credit facilities backing Skalar Group’s acquisition of EST Analytical (“EST”) and TSHR.
EST Analytical manufactures a range of automated laboratory solutions for gas chromatography (GC) sample introduction and preparation. EST is most known for its range of purge & trap instrumentation used to sample volatile organic compounds for a wide range of environmental, consumer and food / flavor samples. In addition to its laboratory automation services, EST has a comprehensive service network across the United States and provides a wide range of spares and consumables. EST’s Rotterdam-based subsidiary, TSHR, provides a range of automated elemental combustion analyzers used in environmental and petrochemical applications. EST acquired TSHR in 2018 having served as its North American distributor previously.
EST Analytical and TSHR represent the third add-on acquisition for Skalar Group.
About Barings
Barings is a $406+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
*As of March 31, 2024
About Skalar Group
Skalar Group is a Dutch platform of laboratory automation solutions with its heritage in wet chemistry analysis. Established in 1965, Skalar Analytical has grown organically into a multinational organization with subsidiaries across Europe, North America, and India and with over eighty representatives throughout the world. Skalar Analytical received an investment from Battery Ventures in March 2023, serving as a starting point for a new laboratory automation platform. Since the initial investment, Skalar Group has acquired PromoChrom Technologies Ltd, a Canadian manufacturer of automated solid phase extraction instrumentation, and LCTech GmbH, a Germany manufacturer of sample preparation automation and consumables. Learn more at https://www.skalar.com/group.
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