BaltCap sells Labochema to French laboratory supply distributor

BaltCap Lithuania SME Fund sold its 46% shareholding in Labochema, Lithuanian laboratory supplies trading company, to the French counterparty Dominique Dutscher. Labochema’s former CEO and current chairman also sold their shareholdings. As a result of the transaction, Dominique Dutscher now controls 100% of Labochema.

BaltCap was advised by Ellex Valiunas partner dr. Robertas Čiočys and associate Ieva Krivickaitė.

Founded in 1997, Labochema is a provider of integrated laboratory solutions with branches in all three Baltic countries. It also controls Gidela, a fast-growing laboratory furniture company. The companies employ more than 50 people. The revenue of Labochema was EUR 12.6 million in 2020.

This operation will reinforce Dominique Dutscher’s position as the largest independent European distributor of laboratory supplies with ca. EUR 300 million of combined revenue.

Dominique Dutscher has been operating since 1982. The group currently has 14 companies located in France, Spain, Italy, the United Kingdom, Slovakia, the Czech Republic, Switzerland, and Germany. Labochema will continue to operate by its name after the transaction.

BaltCap acquired the shares of Labochema in 2011. This is the 8th company of the BaltCap Lithuania SME Fund portfolio that has been sold. The fund still owns Impuls, one of the largest fitness club chains in the Baltics with 29 gyms in eight cities. BaltCap Growth Fund, a successor growth equity fund, has invested already in 6 companies since 2019. It invests up to €10 million per company, acquiring a majority or significant minority ownership stakes.