Tag Archives: Pharmacie

RedSail Technologies, LLC Positioned to Buy PioneerRx® to Transform Community Pharmacy

Franciso Partners

Spartanburg, SC — RedSail Technologies, LLC has signed an agreement to acquire PioneerRx, LLC. The transaction is currently undergoing a standard regulatory review and will close upon receipt approval.

PioneerRx, an innovator and leader in pharmacy software for community pharmacy, will join other leading brands that are part of the RedSail Technologies family – QS/1®, Integra®, PUBLIQ® Software, and PowerLine®.

“We are determined to transform pharmacy and adding PioneerRx to our family of brands will help accelerate our efforts to develop one of the most clinically advanced and profitable pharmacy networks in the country,” commented RedSail Technologies, LLC CEO, Kraig McEwen. McEwen continued, “PioneerRx’s track record speaks for itself – tremendous growth, delighted customers, and best in class service. We are thrilled for them to become part of the RedSail family.”

“PioneerRx is excited about the opportunity to become part of RedSail Technologies as our company continues to drive amazing solutions that are revolutionizing independent pharmacy. PioneerRx’s mission is to save and revitalize independent pharmacy and we believe teaming up with RedSail Technologies will accelerate our ability to do this,” said Jeff Key, PioneerRx President and CEO.

Jeff Key and the PioneerRx leadership team will continue to lead the PioneerRx organization, with operations in Irving, Texas and Shreveport, Louisiana. RedSail Technologies, LLC is headquartered in Spartanburg, South Carolina with operations in Anacortes, Washington.

Goldman Sachs served as the exclusive financial advisor to PioneerRx and assisted in structuring and negotiating the transaction on its behalf. Alston & Bird LLP served as legal counsel to PioneerRx. Kirkland & Ellis LLP served as legal counsel to RedSail Technologies.

About RedSail Technologies RedSail Technologies, LLC, offers innovative and comprehensive healthcare and governmental software solutions. It trailblazed the community and institutional pharmacy software markets more than 40 years ago and has competed in governmental software arena for 50 plus years. RedSail’s mission is to empower its customers to serve their communities by being unwavering in its adherence to RedSail’s corporate values – Forward-Thinking, One Team, Relationships, Tempo and Experts. Learn more about RedSail Technologies at www.redsailtechnologies.com

About PioneerRx PioneerRx is committed to saving and revitalizing independent pharmacy. With unmatched customer support and continuous updates, PioneerRx Pharmacy Software equips pharmacies to thrive in a clinical, patient-centered future. By implementing suggestions from users and paving the way for leading industry trends, they empower pharmacies for continues success and improved patient outcomes. See why PioneerRx is the most installed independent pharmacy software: Visit www.pioneerrx.com.

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Ardian takes a minority stake in H2 Pharma, a leading french pharmaceuticals company

Ardian

  • 20 October 2020 Growth Paris, France

Paris, October 20th, 2020 – Ardian, a world leading private investment house, today announces the acquisition of a minority stake in H2 Pharma, a French specialist in the development and production of generic drugs.  This is the first investment conducted by Ardian Growth Fund in the healthcare sector.

Established in Ile-De-France in 2009, H2 Pharma is a key player in the production of non-sterile prescription and non-prescription liquid pharmaceuticals. This focus area has enabled the firm to grow significant partnerships with key pharmaceutical laboratories. The company differentiates itself through its holistic control of the entire value chain. This allows H2 to supply active ingredients as well as produce finished products, and manage the advanced research and development phase including achieving marketing authorization.

H2 Pharma’s cutting-edge technological equipment and automated production processes allows the company to continue to grow competitively in its operating markets and strengthen its strategic positioning. The investment will also allow H2 Pharma to consolidate its share of the European market, helping it reach a production line of 100 million units per year and increasing its international scope. The partnership will also assist the management team in diversifying the company’s offering by expanding into other areas of growth such as regulatory affairs and quality control.

Henry Hassid, CEO of H2 Pharma, stated: “We are delighted to partner with Ardian in this new phase of our growth and development. The pharmaceutical sector is becoming an increasingly difficult environment and consolidation is necessary to remain competitive. We are happy to have strong partnerships both in the sector and with Ardian to fuel our growth. Ardian has demonstrated true agility in providing tailored support which will help uphold our growth trajectory, for now and the years to come.”

Frédéric Quéru, Director at Ardian Growth, added: “The resilience and engagement of H2 Pharma’s management team have steered the company exceptionally well over the past years and we are looking forward to helping them achieve their vision for this next stage of development. Undoubtedly, the company’s competitiveness also comes from its cutting-edge technology, which places it head and shoulders above many of its peers. We see significant potential for strong organic growth and we look forward to helping management realize this by working closely with Henry and his teams.”

Florian Dupont, Senior Investment Manager at Ardian Growth, said: “H2 has an ambitious yet realistic long-term vision, which we believe is very achievable given its market know-how and robust long-standing customer relationships. Given its holistic approach to the value chain and its strong and diversified business model, we see H2 Pharma as an ideal partner for Ardian.”

 

ABOUT H2 PHARMA

H2 Pharma is a privileged partner of all pharmaceutical companies for their generic or OTC products.
Today considered as the reference in the segment of non-sterile liquid pharmaceutical specialties (mouthwash, syrup, oral solution…), H2 Pharma has holistic control of the entire value chain. Its industrial practices, its innovation capacity in pharmaceutical flow and its t cutting-edge technology enable H2 Pharma to differentiate itself.

 

ABOUT ARDIAN

Ardian is one of the world’s leading private equity firms with $100 billion under management and/or advisory in Europe, America and Asia. The company, which is majority owned by its employees, has always placed entrepreneurship at the heart of its approach and offers its international investors top-tier performance.
Through its commitment to sharing the value created with all stakeholders, Ardian participates in the growth of companies and economies around the world.
Based on its values of excellence, loyalty and entrepreneurship, Ardian benefits from an international network of 700 employees in 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco), South America (Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). The company manages the funds of 1,000 clients through its five investment pillars: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

LIST OF PARTICIPANTS

  • Ardian

    • Frédéric Quéru, Florian Dupont
    • Legal advisor: McDermott Will & Emery (Diana Hund, Maxime Fradet, Antonia Teleman)
    • Legal, tax and social DD: McDermott Will & Emery (Diana Hund, Maxime Fradet, Antonia Teleman)
    • Financial advisor: Deloitte (Vania Mermoud, Yassine Ghissassi)

  • H2 Pharma

    • Legal advisor: Orsan (David Sebban, Laure Le Gall, Clara Paetzold)
    • Legal structuration and tax: Orsan (David Sebban, Joris Chaumont)
    • Financial advisor: Aca Nexia (François Mahé)

PRESS CONTACTS

ARDIAN – HEADLAND

GREGOR RIEMANN

griemann@headlandconsultancy.com +44 (0)7920 802 627

 

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Tarsus Pharmaceuticals, Inc. Announces Closing of Initial Public Offering and Full Exercise by the Underwriters of Option to Purchase Additional Shares

Frazier Helathcare partners

IRVINE, Calif., Oct. 20, 2020 (GLOBE NEWSWIRE) — Tarsus Pharmaceuticals, Inc. (“Tarsus”), a late clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutic candidates to address large market opportunities initially in ophthalmic conditions, today announced the closing of its initial public offering of 6,325,000 shares of its common stock at a price to the public of $16.00 per share, which includes 825,000 shares sold upon full exercise of the underwriters’ option to purchase additional shares of common stock. All of the shares were offered by Tarsus. The aggregate gross proceeds to Tarsus from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $101.2 million.

The shares began trading on The Nasdaq Global Select Market on October 16, 2020 under the symbol “TARS.”

BofA Securities, Jefferies and Raymond James acted as joint book-running managers for the offering. LifeSci Capital and Ladenburg Thalmann acted as co-managers for the offering.

A registration statement relating to the offering of these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on October 15, 2020. Copies of the registration statement can be accessed by visiting the SEC website at www.sec.gov. The securities referred to in this release were offered only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; Jefferies at 1-877-821-7388 or by email at prospectus_department@jefferies.com; and Raymond James at 1-800-248-8863 or by email at prospectus@raymondjames.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Tarsus Pharmaceuticals, Inc. 
Tarsus Pharmaceuticals, Inc. is a late clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutic candidates to address large market opportunities, initially in ophthalmic conditions, where there are limited treatment alternatives. It is advancing its pipeline to address several diseases across therapeutic categories including eye care, dermatology, and other diseases with high, unmet needs. Its lead product candidate, TP-03, is a novel therapeutic in Phase 2b/3 that is being developed for the treatment of Demodex blepharitis.

Media Contact:
Allison Howell
Pascale Communications, LLC
allison@pascalecommunications.com

 

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ProductLife Group further strengthens its pharmacovigilance offering with the acquisition of Axpharma

This strategic acquisition, the first since 21 Invest took a majority stake in ProductLife Group in 2019 and appointed new CEO Xavier Duburcq, is part of the Group’s aim to widen its expertise and global reach.

ProductLife Group (PLG), a specialist provider of regulatory and compliance services for the life sciences industry, acquires Axpharma from Galiena Capital and refinances its debt alongside securing the means to achieve the next steps of its ambitious buy-and-build strategy.

Founded in 2001 by Florence Postel and accompanied by Galiena Capital as majority shareholder since 2015, Axpharma is a prominent pharmacovigilance service provider in Europe. Its team of experts enjoys a strong reputation for providing highly dependable services in the areas of case management, medical writing, medical literature monitoring, pharmacovigilance responsibility delegation, and around-the-clock medical information. Its clients include pharmaceutical, biopharmaceutical, medical device and cosmetics companies, primarily in Europe.

This acquisition falls perfectly in line with PLG’s growth acceleration and transformation plan. It will support the Group’s ambition to become the leading global provider of regulatory and compliance services in life sciences, covering regulatory affairs, clinical safety, pharmacovigilance, and quality. Pharmacovigilance services, in particular, are currently facing strong and growing international demand from life sciences companies, and PLG’s capabilities in the field will be strongly bolstered via the Axpharma deal.

ProductLife Group is ideally positioned to capitalise on this opportunity thanks to its global full-service contract model (on-shore and off-shore resourcing), its strategic use of smart technology and its best-in-class institutional team, recently reinforced with the appointment of Candice Bosson as group vice-president of human resources & talent management, and of Paolo Guerra, as new medical device lead.

Commenting on the Axpharma acquisition, PLG CEO Xavier Duburcq said, “Our strategic priority is to reinforce PLG’s ability to address the needs of today’s biopharma and medical product industry, drawing upon decades of experience in management of scientific and regulatory aspects of medicine. The merger of PLG and Axpharma offers tremendous potential to further invest in automation and artificial intelligence, as part of the aim to offer to our clients reliable, innovative, and cost-effective solutions that are always one step ahead of what the industry expects.

“I have known Axpharma for some years, and our positive work cultures make a great match. Working with the company’s well-respected and similarly-motivated team will bring exciting opportunities for us all. This acquisition also includes Audithem, an emerging company providing auditing services in pharmaceutical good practices, which will support PLG’s ambition to grow in the Quality and Compliance area,” he continued.

Speaking for both Axpharma and Audithem, Managing Director Sophie Brisset-Jaillet, said, “We are delighted at this meeting of minds and goals and we’re excited at the prospect of being part of PLG, a larger group with an excellent reputation and a broader reach. Together there is so much more we can do which can only benefit our clients and our employees. This is an exciting step for our companies. Our teams will now be able to work together in a fluid and efficient manner so that we can continue the good work we do making it even better and stronger.”

Fabrice Voituron, Managing Partner at 21 Invest, said, “The strengthening of ProductLife Group’s organization together with its good commercial momentum today result in the acceleration of the buy-and-build strategy, in spite of the context. Indeed, the Axpharma opportunity embodies the start of a new phase of growth, demonstrating PLG’s willingness to widen its expertise and expand its geographical reach notably in the United States and Europe. Supported by a new acquisition financing line, the Group has the means to support its ambitions and is expected to make further announcements in the next few months.”

Although ProductLife Group, in common with its peers around the world, must manage its plans within the constraints of the continuing pandemic, the organisation has identified strong growth markets and maintained strong performance, as demand for its services has remained buoyant. Indeed, the organisation has seen significant commercial successes in 2020, including some notable COVID-19 safety projects and a significant deal to manage the regulatory and quality activities of a large generic-drug organisation.

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Funds advised by Apax Partners sell their controlling shareholding in Neuraxpharm

Apax

22 September 2020

22 September, 2020 — Funds advised by Apax Partners (the “Apax Funds”) today announced that they have agreed to sell their controlling stake in Neuraxpharm, a leading European specialty pharmaceutical company focused on the treatment of central nervous system disorders (CNS), to funds advised by Permira. Financial details of the transaction were not disclosed.

With a heritage dating back 35 years, Neuraxpharm focuses on improving the quality of life and mental wellbeing of patients affected by CNS disorders throughout Europe. Neuraxpharm has operations in 13 countries and covers 80% of the European CNS drug market today. The company has one of the most comprehensive product portfolios in CNS specialty pharmaceuticals in Europe, comprising more than 115 CNS molecules.

Drawing on Apax Partners’ deep knowledge of the healthcare sector, the Apax Funds saw the opportunity to create a European champion in CNS specialty pharmaceuticals and in 2016 they acquired Invent Farma in Spain and neuraxpharm Arzneimittel in Germany, creating the foundations of the pan-European Neuraxpharm group. Since then, and with the support of the Apax Funds, Neuraxpharm has experienced rapid international expansion both through greenfield operations and several acquisitions, transitioning from a local player to a leading pan-European specialty company that covers 80% of the European market.

Under the Apax Funds’ ownership, Neuraxpharm strengthened its management team under the leadership of Dr. Jörg-Thomas Dierks. The company grew rapidly both organically and inorganically, closing over 70 company and product acquisitions and in-licensing agreements. It also invested heavily in a robust product pipeline that broadened its CNS portfolio with unique value-added and high-tech medicines. Today Neuraxpharm has annual revenues in excess of €460 million and 850 employees.

The Apax Funds have a strong track record of investing in the Healthcare sector, having completed more than 80 investments over the last 30 years across multiple geographies, including the US, Europe and Asia. Recent transactions include the acquisition of InnovAge, Healthium, Candela, Kepro, Unilabs and Vyaire.

Arthur Brothag, Partner at Apax Partners, said: “It has been great to work with Jörg and the whole Neuraxpharm team over the past few years. We are proud to have helped them create and grow the business. Using our deep healthcare sector experience, we were able to support and build Neuraxpharm, leveraging the market opportunity that existed in the European specialty market. We always aimed to put the patient first and, in doing so, also created value for our investors.”  Steven Dyson, Partner at Apax Partners added: “Neuraxpharm is an excellent example of Apax Partners’ transformative ownership approach, focused on healthcare fundamentals and partnering with exceptional management teams. We thank Jörg and the team and wish them every success for the future in this new exciting chapter.”

Dr Jörg-Thomas Dierks, CEO of Neuraxpharm, said “I would like to thank the Neuraxpharm team for their hard work and dedication, focusing on providing critical medicines for chronic patients suffering from CNS disorders. Apax Partners has been an outstanding partner for Neuraxpharm’s management team over the last four years, as we have embarked on international expansion, invested in new differentiated products and grown the employee base. Apax’s deep industry knowledge and experience has been invaluable to us.”

Apax Partners was advised by Jefferies International Limited (M&A adviser), Linklaters (legal advisers) and PwC (financial and tax advisers). The transaction isexpected to close in Q4 2020, subject to regulatory approvals. 

END 

About Apax Partners

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Healthcare, Tech & Telco, Services, and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see:www.apax.com.

About Neuraxpharm 

Neuraxpharm is a leading European specialty pharmaceutical company focused on the treatment of central nervous system disorder (CNS) with a unique understanding of the European CNS market built over 35 years. More info: www.neuraxpharm.com.   

Apax Media Contacts 

Katarina Sallerfors | +44 207 872 6526 | katarina.sallerfors@apax.com

James Madsen / Matthew Goodman, Greenbrook | +44 20 7295 2000 | apax@greenbrookpr.com

Notes to Editors 

London-headquartered Apax Partners (www.apax.com), and Paris-headquartered Apax Partners (www.apax.fr) had a shared history but are separate, independent private equity firms.

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Baird Capital Invests in Blue Matter

Baird Capital

CHICAGO/LONDON – Sept. 1, 2020 –Baird Capital, the direct private investment arm of Baird, announced today that its global private equity team has invested in Blue Matter Consulting LLC (“Blue Matter”), a leading strategic consulting firm serving the life sciences industry. Financial details of the deal were not disclosed.

Founded in 2012, Blue Matter provides consultancy services to the global pharmaceutical sector, principally in the areas of product and portfolio strategy, organizational design, and product launch planning and readiness. Blue Matter is a global business with offices in San Francisco, New York, London, Zurich, and Berlin. The company has a wide range of therapeutic expertise, with a deep focus on oncology and rare diseases.

Blue Matter Logo

“We are so pleased to bring Blue Matter into the Baird Capital portfolio,” said Gordon Pan, President of Baird Capital. “Ashwin and Emily are brilliant partners, and their professional and personal missions are a natural fit with our diverse and tenured group.”

Blue Matter’s international client base includes many of the world’s largest pharmaceutical companies that value their ability to bring real insight to their most critical decisions. Co-Founders and Managing Partners Ashwin Dandekar and Emily Hua have decades of experience in the life sciences and pharmaceutical consulting, with proven track records advising many of the biopharmaceutical industry’s most innovative companies and product teams.

“It was a natural connection when we met Baird Capital and its leadership team,” said Dandekar. “We believe this partnership will accelerate our growth strategy on multiple fronts, helping to drive faster organic growth and expanding our ability to consider strategic acquisitions. We look forward to growing Blue Matter together.”

“We’re very excited about this relationship,” added Hua. “Baird Capital’s investment will greatly enhance our ability to invest in our team and do more of what we do best: helping push the boundaries of science and technology to improve people’s lives.”

Blue Matter marks Baird Capital’s fifth private equity investment in 2020. For more information on Baird Capital and its portfolio spanning the technology, industrial and healthcare sectors, visit www.BairdCapital.com.

About Baird Capital

Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 310 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.

Baird Capital Partners Europe Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority.

For additional information, contact:

Rachel Kern
Baird Public Relations
414-765-7250

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Adelis portfolio company SSI Diagnostica acquires US-based CTK Biotech, creating global rapid diagnostics powerhouse

Adelis Equity

Since being acquired by Adelis Equity Partners Fund I AB (Adelis) in 2016, SSI Diagnostica has seen strong progress in its In Vitro Diagnostics (IVD) business, particularly internationally. To further accelerate its growth, SSI Diagnostica is acquiring the US-based IVD company CTK Biotech. The combination of the companies will create a global powerhouse within respiratory and tropical disease rapid diagnostics. The joint company will have very strong manufacturing and R&D capabilities as exemplified by its response to the Covid 19 health crisis. In connection with the transaction a CEO change will take place.

CTK Biotech is an IVD business that manufactures and distributes rapid diagnostic tests with a focus on the Latin American, Asian and African markets. The company is headquartered in San Diego and has a sizeable, state-of-the art manufacturing plant in Beijing. The business generated sales of USD 26 million in 2019 and expects to grow significantly in 2020.

”CTK Biotech is very good at new product development as exemplified by its response to the Covid 19 health crisis and its manufacturing is best-in-class with high efficiency and high quality. In addition, our combined global distribution network will be very strong,“ says incoming CEO at SSI Diagnostica, Søren Skjold Mogensen, currently Chief Commercial Officer of the firm. Departing CEO Patrik Dahlen adds: “This acquisition has been long in the making. We have been looking for a partner with a strong presence in rapid testing of infectious diseases, and with technology and know-how within monoclonal antibodies. In CTK we have found the perfect match. Our businesses complement each other particularly well.” Upon stepping down as CEO in connection with the transaction, Patrik Dahlen will join the Board of Directors of the joint company.

Rasmus Molander at Adelis remarks: “We have been very pleased with SSI Diagnostica’s development throughout our ownership. We have significant life science know-how in the Nordic region, but only few international success stories within the diagnostics area. With SSI Diagnostica’s acquisition of CTK Biotech, we are creating an international growth business with estimated sales of more than DKK 600 million in 2020 that can develop into a success story of its own”.

CEO and co-founder of CTK Biotech, Dr. Catherine Chen says: “We are pleased and excited about joining forces with SSI Diagnostica. It is a well-known firm with a long history and a strong foundation in infectious disease research. We are proud of having built CTK Biotech into an international diagnostics business. My two partners, Dr. Wushan and Dr. Pandi, and I have worked hard to reach this point.” Dr. Chen will take the role of Chief Scientific Officer of the joint company and also join its Board of Directors. CTK Biotech has developed one of the most accurate rapid Covid-19 antibody tests available today, providing a test response in just 15 minutes. The firm has development underway of additional Covid-19 tests, including antigen and PCR.

The transaction is subject to customary regulatory approvals.

For further information:

Rasmus Molander, Adelis Equity Partners, +46 70 823 74 33, rasmus.molander@adelisequity.com

SSI Diagnostica

SSI Diagnostica was previously an independent business unit under Statens Serum Institut (SSI) in Denmark, a public enterprise under the Danish Ministry of Health.

SSI Diagnostica is a leading Nordic based manufacturer and distributor of in vitro diagnostic products servicing microbiological laboratories and pharma companies globally. Internationally, SSI Diagnostica sells high quality antisera, rapid tests, and other diagnostic products. The Company is located in Hillerød and employs more than 110 people.

For more information, please visit www.ssidiagnostica.com.

Adelis Equity Partners

Adelis is an active partner in creating value at mid-sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 23 companies and making more than 70 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.

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Partners Group-led investor group to sell PCI Pharma Services, a leading global provider of outsourced pharmaceutical services

Partners Group

Partners Group, the global private markets investment manager, has agreed the sale of a majority equity stake in PCI Pharma Services (“PCI” or “the Company”) on behalf of its clients and alongside its investment partners Thomas H. Lee Partners and Frazier Healthcare Partners. Following the sale to private equity firm Kohlberg & Company and Abu Dhabi-based sovereign investor Mubadala Investment Company, Partners Group will retain a meaningful minority equity stake in the Company. The terms of the transaction are not disclosed.

PCI, which is headquartered in Philadelphia, PA, is a global provider of outsourced pharmaceutical supply chain solutions supporting biotechnology and pharmaceutical companies throughout the various stages of drug development and commercialization. Partners Group acquired a majority stake in PCI in June 2016, on behalf of its clients.

During the last four years, Partners Group’s investment and industry value creation teams have worked alongside the Company’s management team to further establish PCI as a strategic partner to the pharmaceutical industry, by expanding in high-growth, high-value capabilities and services categories such as clinical trial services and complex molecule and biologics commercial packaging capabilities. The Board-led value creation strategy also included a focus on operational excellence and digital innovation, culminating in PCI launching a first-of-its-kind digital customer portal. Under Partners Group’s ownership, PCI’s EBITDA increased by 15.6% CAGR.

Partners Group also led a talent transformation, appointing a new management team with a clear vision for the future of the business, and implemented numerous sustainability initiatives, such as establishing best-practice health and safety standards across PCI’s global operations. During the COVID-19 global health crisis, PCI proved itself as an essential partner in the pharmaceutical supply chain, responding with a high degree of flexibility to address urgent customer needs and supporting its pharmaceutical and biotech customers across drug development and commercialization to address the health crisis.

Remy Hauser, Managing Director and Head of Healthcare, Industry Value Creation, Partners Group, states: “We are extremely proud of our work with PCI Pharma Services. Though the last few months have been immensely challenging ones, the COVID-19 pandemic has demonstrated the essential nature of the services that PCI provides to the pharmaceutical and biotech industry. On more than one occasion, PCI was the critical link in the supply chain responsible for ensuring life-saving medicine reached those in need.”

Salim Haffar, Chief Executive Officer, PCI Pharma Services, adds: “It has been a pleasure working with Partners Group to cement PCI’s leading position in the outsourced pharmaceutical services sector. The Partners Group team has offered substantial operational value during the investment period and has been a true partner throughout the COVID-19 pandemic, providing significant additional expertise and resources. With Partners Group’s help, we are proud that PCI has been able to contribute meaningfully to the global response to this virus.”

Sujit John, Member of Management, Private Equity Directs Americas, Partners Group, adds: “We initially identified PCI as a prospective investment via our Thematic Sourcing strategy, based on the strong fundamentals supporting outsourced pharmaceutical services. During our ownership, we were able to add significant value to the business through a combination of operational improvements and bolt-on acquisitions. PCI has a strong growth trajectory ahead and we are excited to contribute to that through our continued investment in the Company.”

Jefferies LLC served as lead financial advisor to PCI and Morgan Stanley & Co LLC served as co-advisor. Goodwin Procter LLP served as legal counsel.

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3i-backed bioprocessing consumables platform acquires Sani-Tech West, Inc., significantly expanding the combined group’s global footprint and market-leading product portfolio

3I

3i-backed bioprocessing consumables platform acquires Sani-Tech West, Inc., significantly expanding the combined group’s global footprint and market-leading product portfolio

3i Group plc (“3i Group”) announces that its single use bioprocessing platform has acquired Sani-Tech West, Inc. (Sani-Tech West and subsidiaries SaniSure® and SureTech), a leading US-based manufacturer, distributor and integrator of single-use bioprocessing systems and components. Sani-tech West’s founder-owners, including majority owner Richard Shor, will remain with and continue to serve as key leaders of the combined business.

Founded in 1991 and headquartered in California, SaniSure® designs, develops, and manufactures single-use solutions for the bioprocessing industry including customized bottle assemblies, aseptic transfer systems, caps, flasks, tubes and clamps. The business has c. 170 employees and operates two facilities in Southern California. Its bottle assemblies provide a means of transfer, storage and sampling for vaccines and biological drugs. The company has longstanding customer relationships including with leading pharma and biotech customers. In addition to its own manufactured products, and unique IP, Sani-Tech West also distributes a variety of other related single-use products to its customers.

SaniSure® has experienced strong growth over the last several years, supporting key customers in the fast-growing biologics market, and in particular customers working on the development and commercialisation of monoclonal antibody, vaccine, and cell and gene therapy modalities with single-use technologies.

With this transaction, the combined platform will have robust manufacturing and cleanroom assembly operations in both North America and Europe, and will offer enhanced supply chain assurance to its customers as a result of its increasingly vertically integrated product portfolio, including PharmaTainerTM bottles and carboys, Cap2v8® solutions, aSURE® fittings, Bio-EaseTM clamps and a wide range of silicone and thermoplastic tubing solutions including Cellgyn® TPE tubing.  These products are offered independently and integrated into custom tube, bottle and bag assemblies that are used by customers in a variety of upstream and downstream applications.  The company will also have unique portfolio of products designed to serve cell & gene therapy applications, such as Mixed4Sure™ stirring solutions, cell perfusion products and other innovative products in development.

Richard Relyea, Partner, 3i commented: “We are excited to partner with Richard and his team, who have built a US market leader in single-use solutions for the biopharma industry.  This represents a transformational combination for both companies, delivering immediate scale and global reach and enhancing our combined product offerings, capabilities and ability to serve our customers.”

Richard Shor, Founder and CEO, Sani-Tech West added: “The combination of Sani-Tech West and the Cellon, Silicone Altimex and TBL segments that make up 3i’s bioprocessing platform has been a goal of mine for years. The companies’ product offerings are highly complementary and together we will continue to bring more novel, innovative solutions to our customers, as well as offering greater supply chain assurance and faster lead times. I look forward to continuing this journey of expanding our combined international footprint and executing our global growth strategy.”

Importantly, the combination of the two businesses will enhance the ability to serve COVID-19 related vaccine and therapeutics production, for both new and existing customers, with global assembly production capabilities and a robust suite of leading products and components. With three key technology platforms – PharmaTainer bottles and caps, elastomeric and silicone tubing, and novel fittings products – the business offers customers end-to-end customised fluid management solutions, from planning and design through scaled production. The business looks forward to continuing to serve its customers in high criticality bioprocessing applications.

-Ends-

 

Download the press release  

 

For further information, contact: 

3i Group plc

Silvia Santoro

Investor enquiries

 Tel: +44 20 7975 3258

Email: silvia.santoro@3i.com
Kathryn van der Kroft

Media enquiries

 Tel: +44 7721 886 304

Email: kathryn.vanderkroft@3i.com

 

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America.

3i’s Private Equity team provides investment solutions for growing companies, backing entrepreneurs and management teams of mid-market companies with an EV typically between €100m – €500m. We back international growth plans, providing access to our network and expertise to accelerate the growth of companies across the consumer, industrial, healthcare and business and technology services industries.

For further information, please visit: www.3i.com

 

About Sani-Tech West

Founded in 1991, Sani-Tech West, through its business units SaniSure® and SureTech, is a leading manufacturer, marketer and distributor of products and components used in the manufacture of pharmaceutical and biotech drugs. Based in Camarillo, CA, the Company operates out of two facilities: a 28,000 sq. foot manufacturing plant with 2,200 sq. foot ISO Class 7 validated clean room, which also houses the Company’s offices, and a 43,000 sq. foot facility with a 5,500 sq. foot ISO Class 7 validated clean room and 2,500 sq. foot controlled environment for fabrication.

 

Regulatory information

This transaction involved a recommendation of 3i Corporation, a US wholly owned subsidiary of 3i Group.

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CVC’s Strategic Opportunities platform acquires majority stake in Genetic

CVC’s Strategic Opportunities platform acquires majority stake in Genetic

17 Jul 2020

CVC funds will be investing in partnership with the family of the founder

CVC Strategic Opportunities II today signed an agreement to acquire a majority stake in the Genetic Group (“Genetic”), a leading pharma CDMO business which focuses on the development and supply of products into the respiratory, ophthalmic and oncology therapeutic areas. CVC funds will be investing in partnership with the family of the founder of Genetic, Rocco Pavese, who will remain as CEO of the business and will lead the R&D initiatives.

Headquartered in Fisciano, Italy, Genetic is an integrated pharmaceutical company focused on the research, development, manufacturing, licensing and promotion of pharmaceutical specialties and medical devices. Its primarily expertise is in the development of respiratory and ophthalmology products which are delivered via unit-dose Blow-Fill-Seal technology, pressurised Metered Dose Inhalers, nasal sprays, and eye drop/collyrium technologies. Genetic’s products are commercialised by a network of blue chip pharma partners internationally as well as by its own distribution arm (Max Farma) in Italy, often under well-recognised local brand names. The company has sales in Italy and more than 20 countries globally, with over 50 marketed products.

Rocco Pavese, CEO and Founder of Genetic, and Francesca Pavese, Head of Business Development, said: “We are excited and proud to be partnering with CVC and look forward to working with them on a new chapter of organic and inorganic growth for our business, which will project the Genetic group into a new international dimension of technological innovation and value creation for the benefit of patients around the globe, safeguarding and developing, at the same time, employment in our country. We believe that CVC’s international network, experience and track record in Italy and in Healthcare, as well as the alignment of the Strategic Opportunities fund as a partner to families like ours, will help us deliver on these growth aspirations.”

Michael Lavrysen, Senior Managing Director of CVC Strategic Opportunities added: “The Strategic Opportunities platform invests in high-quality businesses with longer growth horizons, and the investment in Genetic fits perfectly within this strategy, especially with the partnership with the Pavese family. We look forward to supporting collaboration between Genetic and our existing portfolio company DFE Pharma, and leveraging CVC’s broader global network.”

Giorgio De Palma, Senior Managing Director of CVC Italy said: “We believe that Genetic has an excellent position in the respiratory and ophthalmology pharmaceutical markets and has strong growth opportunities in Italy and abroad. We look forward to working with the Pavese family to achieve our common vision of the future.”

The transaction is subject to customary regulatory approvals.

Genetic was advised by UBS, EY, LED Taxand and NCTM whilst CVC Strategic Opportunities was advised by Rothschild & Co, EY Parthenon, EY, BCG, Gattai Minoli Agostinelli & Partners and Facchini Rossi Michelutti.

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