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Warburg Pincus to invest in Hygiena
Warburg Pincus, a global private equity firm focused on growth investing, has today announced that it has entered into a definitive agreement whereby one of its affiliates will invest in Hygiena, a leader in rapid-results environmental testing. Terms of the transaction were not disclosed.
Hygiena is a leading microbiology and life sciences company that serves industrial food processors, healthcare institutions, life science researchers and the general public in more than 50 countries. The company manufactures and sells a broad range of rapid hygiene monitoring systems, environmental collection systems and rapid dilution services. Hygiena was founded in 2001 by Fred and Susan Nason and has grown to become a market-leading provider of innovative technologies for rapid testing, including ATP (adenosine triphosphate) testing.
"We are proud of what we have accomplished at Hygiena and we believe that Warburg Pincus will be the ideal partner to support us in our next chapter," said Steve Nason, CEO of Hygiena. The firm shares our vision to be the leader in technology, innovation and customer service in rapid testing and environmental sanitation, and Warburg Pincus has an excellent track record in helping companies grow into durable businesses of scale."
Stephanie Geveda, managing director, Warburg Pincus, said: "The Hygiena management team has built an excellent business, with simple and convenient solutions that address critical needs in food and life sciences end markets. We look forward to working with Steve and investing in the organisation and its employees to build on Hygiena's history of success to enhance and expand their offerings in these dynamic and growing markets."
Jim Neary, managing director and co-head of industrial and business services, Warburg Pincus, added:
"Under Steve's leadership, Hygiena is an exciting starting point to build a market-leading business in the food and life sciences testing and environmental sanitation industry."
Hygiena is headquartered in the US in Camarillo, California with a satellite office in the UK. With over 100 distributors worldwide, Hygiena products span the globe.
21st July 2016