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ESCO LIFESCIENCES INVESTMENTS PTE. LTD.
UEN:202037114H
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ESCO LIFESCIENCES INVESTMENTS PTE. LTD. has a TrustScore of 61. Our system is actively collecting and analyzing information about this business. Additional data points are being verified and processed.
Our preliminary analysis has revealed key insights about ESCO LIFESCIENCES INVESTMENTS PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Official business profile found on major search engines
1. Esco Lifesciences raises US$200 million ahead of potential listing The Singapore-based company, which supplies life sciences tools for the healthcare industry, got backing from GIC in its Series A round, according to a source. The funding was led by US-based healthcare investment firm Vivo Capital and Denmark-based life science investor Novo Holdings, the venture arm of Novo Nordisk Foundation.
Singapore-based Esco Lifesciences closed a $200 million oversubscribed Series A financing and crossover round that will enable the company that provides life sciences tools and services to expand its toehold in China and the United States. Esco is a manufacturer of laboratory and biopharma equipment and IVF medical devices. The company has four different divisions, Scientific, Medical, Healthcare, and Aster, which offers “mission-critical equipment and advanced solutions” to laboratories, clinics, and bio-pharma production sites in over 100 countries. The company employs more than 1,300 people across the globe. It has offices in more than 100 companies, including eight manufacturing and R&D hubs in the US, Europe, the UK, China, and Singapore. The financing round is the largest private fundraising round by an Asia-based life sciences tools company, Esco said in its announcement.
Close to a year after putting a foot down in Singapore, Novo Holdings has spotted an Asia-based player worth betting a big chunk of its “patient capital” on. The Danish group is co-leading a $200 million Series A for Esco Lifesciences Group — setting a new record for life sciences tools companies in the region, according to the investor, and funding a sprint toward “Esco 3.0,” where cell and gene therapy process development and manufacturing will loom large.
Esco Lifesciences Group, a Singapore firm that pivoted from washing laboratory gowns to making high-tech equipment, has raised US$200 million (S$265 million) from some of the world's biggest healthcare investors, paving the way for a possible listing in Hong Kong this year. The funding round, led by Danish investment giant Novo Holdings and US investor Vivo Capital, also included Chinese sovereign wealth fund China Investment, according to a statement from Esco. Other new backers include Singapore's sovereign wealth fund GIC, with the fund raising giving the company a valuation of US$800 million, according to people familiar with the matter. The sources asked not to be identified as the details are not public.
27 May 2021
Esco Lifesciences Group, a Singapore firm that pivoted from washing lab gowns to making high-tech equipment, has raised US$200 million (S$265 million) from some of the world's biggest healthcare investors, paving the way for a possible listing in Hong Kong this year. The funding round led by Danish investment giant Novo Holdings and US investor Vivo Capital also included Chinese sovereign wealth fund China Investment, according to a statement from Esco. Other new backers include Singapore's GIC, with the fund raising giving the company a valuation of US$800 million, according to people familiar with the matter. The sources asked not to be identified as the details are not public.
27 May 2021
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