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Podcasts/Acquiring Minds
Acquiring MindsSeptember 25, 2023✓ Verified in SBA records

The $295m Search Fund Exit

with Sandy Paige · Explora BioLabs

Listen to Episode →

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business
Explora BioLabs
Industry
biotech/lab services
State
CA
Purchase Price
$295.0M
Year
2018
Deal Source
proprietary

Financing Structure

Buyer Equity
Other

Strategic Rationale

Applying executive GM experience to a high-demand niche (vivarium-on-demand) to scale.

Post-Acquisition Performance

Grew EBITDA from $2.5M to $18M over 46 months. Exited for $295 million.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
5
Median Spread
P + 3.99%
Top Lenders
U.S. Bank, National Association1355 deals
Wells Fargo Bank National Association676 deals
JPMorgan Chase Bank, National Association541 deals
Bank of Hope520 deals
Commonwealth Business Bank240 deals
See all matching lenders →

Matched SBA Loan Records

SBA loan filings we matched to this deal

JPMorgan Chase Bank, National Association95%
$50KP + 4.50%FY2011
Five Star Bank95%
$75KP + 2.75%FY2013
Five Star Bank95%
$98KP + 2.25%FY2013

Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds