TORONTO, CANADA, January 4, 2020 – Beacon Mergers & Acquisitions is pleased to announce the successful completion of its sell-side mandate of Caribbean Diagnostics Ltd., a Cayman Islands-based distributor of diagnostic medical equipment and laboratory tools serving the Caribbean market.
After completing an initial valuation and market assessment in January 2019, Beacon Mergers & Acquisitions assisted Caribbean Diagnostics Ltd., through the entire sell-side M&A process and remain engaged throughout the buyer search, negotiation, due diligence, and closing.
Given the mandate’s Cayman Island location, Beacon Mergers & Acquisitions leveraged its outreach channels, spanning Europe, Canada, the United States, and the Caribbean, to source qualified buyers who were willing to relocate or had a footprint in the Caribbean region. After the valuation assessment, Beacon’s team leveraged its industry network to confidentially market the opportunity to buyers with experience in the medical distribution industry. After running a sophisticated confidential marketing process and screening out dozens of buyer’s inquiries, Beacon was able to place a well-suited buyer to take over operations and continue its growth trajectory. Beacon provided professional transaction advisory services at every step of the process and was closely involved in the offer negotiation process to ensure that its client receives maximum value from the deal. Beacon successfully negotiated a share deal allowing the client to exploit tax and residency advantages while providing a clean exit.
Against a challenging economic and geopolitical backdrop in 2020, Beacon completed the transaction in January 2021. “Congratulations to both the seller and buyer for their perseverance despite severe headwinds caused by the global pandemic,” said M. Will Fischtein, President at Beacon Mergers & Acquisitions. This deal marks the first successful transaction in 2021 for Beacon. Despite the unforeseen disruption caused by the pandemic and lackluster activity in the M&A market during the Spring of 2020, Beacon has maintained its focus on delivering value to its clients. Beacon has seen significant momentum in merger and acquisition activity and unprecedented interest from both buyers and sellers in the fourth quarter. We expect to see a strong momentum heading into next year.
Beacon Mergers & Acquisitions is a full-service M&A advisory firm with offices in Toronto, Canada, and Washington, D.C. Beacon’s services include M&A advisory, debt financing advisory, and business valuations to private companies in the lower middle market. Beacon is a three-time recipient of the Consumer Choice Award for Best Business Brokerage Firm in the Greater Toronto Area, and a member of several international M&A organizations.