M&A Deal Summary

H.I.G. Private Equity Acquires Celerion

On November 3, 2022, private equity firm H.I.G. Private Equity acquired life science company Celerion from Court Square Capital Partners

Acquisition Highlights
  • This is H.I.G. Private Equity’s 5th transaction in the Life Science sector.
  • This is H.I.G. Private Equity’s 217th transaction in the United States.
  • This is H.I.G. Private Equity’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2022-11-03
Target Celerion
Sector Life Science
Buyer(s) H.I.G. Private Equity
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lazard Ltd.
Harris Williams & Co. (Financial)
Winston & Strawn (Legal)

Target

Celerion

Lincoln, Nebraska, United States
website
Celerion is a clinical research organization that provides comprehensive clinical trial solutions to pharmaceutical and biotechnology clients conducting early clinical research throughout North America, Europe, and Asia. The Company serves its clients through a global network of facilities with a focus on applied translational medicine. Celerion is based in Lincoln, Nebraska.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 327 of 350
Sector (Life Science) 5 of 5
Type (Secondary Buyout) 52 of 61
State (Nebraska) 1 of 1
Country (United States) 217 of 232
Year (2022) 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Taconic Biosciences

Hudson, New York, United States

Taconic Biosciences is a provider of genetically engineered models and service solutions used in life sciences research. Taconic provides murine solutions so that customers can acquire, custom generate, breed, precondition, test, and distribute valuable research models worldwide. Taconic Biosciences was founded in 1952 and is based in Hudson, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Milestone Technologies

Fremont, California, United States

Milestone Technologies is a provider of solutions to the strategic IT needs of large global corporations. Milestone’s solutions include managed help desk, data center operations, managed contact center, platform engineering services and IT logistics. Milestone Technoloies was founded in 1997 and is based in Fremont, California.

Sell -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 53 of 53
Sector (Life Science) 2 of 2
Type (Secondary Buyout) 18 of 18
State (Nebraska) 1 of 1
Country (United States) 50 of 50
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 DISA

Houston, Texas, United States

DISA is specializes in providing a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. DISA was founded in 1987 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 Velosio

Dublin, Ohio, United States

Velosio delivers fresh ideas and unmatched know-how for cloud, ERP, CRM, business intelligence, office automation, and other business solutions. Velosio was founded in 1991 and is based in Dublin, Ohio.

Buy -