Mambo-Tox acquired by Cawood Scientific
UK soil analysis consultancy Mambo-Tox has been acquired by Cawood Scientific, in a deal advised by BCMS.
Mambo-Tox is a contract research organisation which evolved from a University of Southampton spin-out to specialise in soil ecotoxicology evaluation. Today, it employs 15 staff based in the city's university science park, serving a client base including some of the world's largest agrichemical producers.
Bracknell-headquartered Cawood Scientific, backed by Inflexion Private Equity since 2017, is the UK's largest independent provider of analytical laboratory testing services for land-based industries. Cawood's business units are variously involved with animal nutrition, veterinary diagnostics, and environmental monitoring services.
Along with the change of ownership, Mambo-Tox Managing Director Mike Mead-Briggs has now retired and has been replaced by veteran Mambo-Tox manager Stephen Vinall, with a brief to grow the business further and continue delivering a more personalised service.
Mambo-Tox shareholders were advised by BCMS, with legal support from Freeths. The price and terms are undisclosed.
BCMS Lead Advisor Emma Tipper commented afterwards: "The sale of Mambo-Tox was a highly rewarding result for our client, as we worked to get Mike the best deal amid strong market interest. The two businesses are a great fit together, and we are pleased to have found a new home for Mambo-Tox as a part of the UK market leader."