M&A Deal Summary

GHO Capital Partners Acquires Velocity Clinical Research

On April 8, 2021, private equity firm GHO Capital Partners acquired life science company Velocity Clinical Research from NaviMed Capital

Acquisition Highlights
  • This is GHO Capital Partners’ 11th transaction in the Life Science sector.
  • This is GHO Capital Partners’ 5th transaction in the United States.
  • This is GHO Capital Partners’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2021-04-08
Target Velocity Clinical Research
Sector Life Science
Buyer(s) GHO Capital Partners
Sellers(s) NaviMed Capital
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)
Bass, Berry & Sims PLC (Legal)

Target

Velocity Clinical Research

Durham, North Carolina, United States
website
Velocity Clinical Research is an integrated site organization for clinical trials, offering dedicated site capabilities to help biopharmaceutical and contract research organization customers find the right patients for their studies. Velocity Clinical Research was founded in 2017 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer
DESCRIPTION

GHO Capital Partners is a private investment firm focused on the healthcare sector. The Firm will consider opportunities throughout Europe and seeks well-established, profitable businesses that have the potential to deliver a combination of double-digit top line growth, significant efficiency gains and international expansion. GHO Capital Partners was established in 2014 and is based in London.


DEAL STATS #
Overall 14 of 18
Sector (Life Science) 11 of 12
Type (Secondary Buyout) 7 of 10
State (North Carolina) 2 of 3
Country (United States) 5 of 8
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 X-Chem

Waltham, Massachusetts, United States

X-Chem is a biotechnology company that is a provider of DNA-Encoded Library (DEL)-based discovery services. DEL technology, allowing customers to screen billions of compounds simultaneously against a single biological target, is an innovative and high growth segment of the market as pharmaceutical companies look for access to cutting edge scientific expertise to support an increasingly challenging drug discovery process. X-Chem has established partnerships with AbbVie, Alexion, Almirall, Bristol-Myers Squibb, AstraZeneca, Bayer, Department of Defense/Harvard, Gilead, Janssen, Maruho, MD Anderson Cancer Center, Ono, Otsuka, Pfizer, Roche, Sanofi, Taiho Pharma, Vertex, and several other leading pharmaceutical companies, biotechnology organizations, and academic centers. X-Chem was founded in 2009 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 DNA Diagnostics Center

Fairfield, Ohio, United States

DNA Diagnostics Center is a provider of private DNA testing services for paternity and other family relationships, forensics, cell line authentication, and ancestry. DDC provides products approved by the FDA and EMA, and is accredited by the American Association of Blood Banks (AABB), The Ministry of Justice, The College of American Pathologists (CAP), and The Clinical Laboratory Improvement Amendment (CLIA). DNA Diagnostics Center was founded in 1995 and is based in Fairfield, Ohio.

Sell -

Seller(S) 1

DESCRIPTION

NaviMed Capital is a private equity firm focused exclusively on investments in the healthcare sector. NaviMed seeks North American headquartered businesses with strong organic and inorganic opportunities for growth. The Firm will consider both control and minority positions looks to commit $5 to $30 million of equity capital per transaction. NaviMed Capital was established in 2011 and is based in Rosslyn, Virginia.


DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 OPN Healthcare

Glendale, California, United States

OPN healthcare is a management services organization providing delegated risk contracting services between healthcare payors and a network of community oncologists. OPN Healthcare was founded in 1999 and is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 ClariMed

Chadds Ford, Pennsylvania, United States

ClariMed is a human-centered development and regulatory practice for medical products developed by Pharmaceutical and Medical device manufacturers. ClariMed is based in Chadds Ford, Pennsylvania.

Buy -