Foley Advises BICO Group on Acquisition of Biosero, Inc.

20 December 2021 Media Contact: Jen Dilworth News

Foley & Lardner LLP served as legal advisor to Boston-based bio convergence company BICO Group AB (“BICO”), in its acquisition of Biosero, Inc. (“Biosero”), a San Diego-based software provider for automated workflows and laboratory connectivity, for $165 million.

The acquisition marks a significant and strategized step in expanding BICO’s portfolio with combinatorial smart software systems to enable automated workflows across key application areas: tissue engineering, cell line development, multiomics, and diagnostics. The addition of Biosero’s software capabilities brings immediate synergies and will allow BICO to offer its customers fully automated and connected workflow solutions using the combination of technologies and products from current portfolio companies together with Biosero’s software solutions. BICO will also invest $20 million over three years to accelerate its commercial agenda to expand to new geographical markets and fully monetize its current pipeline of orders.

Founded in 2016, BICO combines different technologies such as robotics, artificial intelligence, computer science, and 3D bioprinting with biology to enable researchers and clinicians to improve people’s health and lives for the better. Biosero is the fourteenth company in BICO’s growing stable of businesses comprising bioprinting, biosciences, and bioautomation companies.

The core Foley deal team was led by Partner Gabor Garai and included Senior Counsel Christopher Bourne and Associates Megan Fouse and Graham MacEwan. They were assisted by Partners Andy Rawlins, Kristel Schorr, Casey Knapp, Gary Rovner, Joe Rupkey, Benjamin Dryden, John Palmer, Jamshed Patel, Ethan Lenz, and John Litchfield; Special Counsel Arthur Phillips; Of Counsels Mark Neuberger, Sophie Lignier, and Joshua Agen; and Associates Saige Gallop, Nick Johnson, Jordan Bergmann, Richard Flannery, and Kelsey O’Gorman.

About Foley & Lardner LLP

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With approximately 1,100 lawyers in 25 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.

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