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LLR Partners

Thermo Electron purchases InnaPhase Corporation for $68.5M

Published in Health Insurance Law Weekly, October 17th, 2004

LLR Partners has sold its portfolio company, InnaPhase Corporation, to Thermo Electron Corporation of Waltham, Massachusetts, for $68.5 million.

Thermo Electron specializes in analytical instruments with annual revenues in excess of $2 billion.

The sale completes a 4-year period of rapid growth during which LLR Partners led three rounds of private equity financing for InnaPhase, helped build a successful management team, and worked with the company on several strategic acquisitions. LLR Partners was the largest shareholder of InnaPhase.

InnaPhase, based in Philadelphia, Pennsylvania, is a successful $26 million revenue company...

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