United Scope, an Irvine, CA-based provider of microscopes and related accessories, received a growth investment from L Squared Capital Partners resulting in a majority recapitalization of the business.
The financial terms of the transaction were not disclosed.
The investment provides a long-term capital base to support the company’s international expansion strategy, product development efforts, and accretive acquisitions.
Co-founded by majority owner Frank Dai, United Scope goes to market primarily under the brand AmScope, which is a provider of microscopes and related accessories sold mostly online to a diverse range of end markets including the education sector, life sciences and other scientific research fields, as well as various industrial inspection applications.
L Squared also recruited Brad Staley and Jim Butler to join the company as CEO and CFO, respectively. Additionally, Bernard Luthi, Lance Stern, and Ron Huberman have joined as independent value added board advisors.
United Scope’s founders contributed the equity for the transaction. Varagon Capital Partners provided debt financing to support the transaction.
FinSMEs
27/02/2018