ImmunoPrecise Antibodies Ltd. (NASDAQ: IPA) (“IPA” or the “Company”), a biotherapeutics company delivering advanced solutions in biologics and drug discovery, today announced the successful sale of its Netherlands-based subsidiary, ImmunoPrecise Antibodies (Europe) B.V. (“IPA Europe”), to AVS Bio for a total enterprise value of $12 million USD. AVS Bio, a portfolio company of Arlington Capital Partners, is a leading global provider of critical inputs and services for the bioprocessing and biologics industries. The transaction generated $11.7 million USD in net proceeds on a cash-free, debt-free basis.
This transaction marks a meaningful step in IPA’s strategic refinement—streamlining its operational footprint, strengthening its balance sheet, and allowing the Company to concentrate resources on its most impactful growth areas. The proceeds will support investment in scientific platforms, data-driven discovery technologies, and expansion of key strategic programs.
“This transaction delivers strong value to IPA and our investors,” said Dr. Jennifer Bath, President and CEO of ImmunoPrecise Antibodies Ltd. “It reflects our disciplined strategy to focus resources on our AI-based Software as a Service (SaaS) platform—where we’re combining scientific expertise with advanced technologies to accelerate modern biologics discovery. We’re proud of the business we’ve built in the Netherlands and confident it will continue to thrive under AVS Bio’s ownership.”
IPA’s global operations span biologics discovery, engineering, and characterization, supported by LENSai™, the Company’s proprietary platform powered by HYFT® multi-omics technology. LENSai helps unify and interpret complex biological data, enabling more integrated insights and smarter decisions across the discovery and development process. By harmonizing data across modalities, the platform supports faster identification of opportunities and reduces inefficiencies that typically slow biologics innovation.
The sale was conducted through a competitive, arm’s-length process. A 12-month Transition Services Agreement (TSA) will provide continuity across key functions during the transition. IPA holds no material ongoing relationship with AVS Bio or its affiliates beyond the scope of the transaction.
Edgemont Partners served as exclusive financial advisor to IPA.
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