M&A Deal Summary

ProPharma Group Acquires The Planet Group

On May 27, 2021, ProPharma Group acquired staffing company The Planet Group from MidOcean Partners

Acquisition Highlights
  • This is ProPharma Group’s 1st transaction in the Staffing sector.
  • This is ProPharma Group’s 4th transaction in the United States.
  • This is ProPharma Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-05-27
Target The Planet Group
Sector Staffing
Buyer(s) ProPharma Group
Sellers(s) MidOcean Partners
Deal Type Merger
Advisor(s) William Blair
Houlihan Lokey
FocalPoint Partners LLC (Financial)
Gibson, Dunn & Crutcher
Clark Hill
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN) (Legal)

Target

The Planet Group

Deerfield, Illinois, United States
website
The Planet Group consists of nine related entities, including four global consulting organizations and five renowned staffing brands, and has been purposefully built to address the professional services needs of leading companies in the Life Sciences, Technology, Diversified Energy & Engineering, Accounting & Finance, Human Resources, Healthcare, and Digital Marketing areas. The company was founded in 2009 and is headquartered in Chicago, Illinois with offices throughout the US and Europe.

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Buyer(S) 1

Buyer

ProPharma Group

Overland Park, Kansas, United States

website

Category Company
Founded 2001
Sector Healthcare Services
DESCRIPTION

ProPharma Group is a provider of medical information, pharmacovigilance, and compliance consulting services for clients in the pharmaceutical, biotechnology, and medical device industries. The Company’s Medical Information service includes responding to inquiries from patients and healthcare professionals in over 30 languages from five contact centers located around the world. Its pharmacovigilance service includes processing of post-marketing and clinical adverse events, aggregate reporting, and signal detection. ProPharma Group also provides an array of Compliance Consulting services to help its clients meet regulatory requirements across the product life cycle. Consulting services include quality assurance, process validation, commissioning and qualification, technology transfer, program management, computer system validation, and other related services. ProPharma Group was formed in 2001 and is based in Overland Park, Kansas.

DEAL STATS #
Overall 8 of 12
Sector (Staffing) 1 of 1
Type (Merger) 2 of 2
State (Illinois) 1 of 1
Country (United States) 4 of 7
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 iSafety

Princeton, New Jersey, United States

iSafety supports biopharma, life sciences, consumer healthcare, and medical device companies to meet their business-critical global pharmacovigilance & regulatory compliance mandates by deploying best-in-class consulting, operations outsourcing, and technology services. The company's growing and highly scalable teams of professionally qualified pharmacovigilance, regulatory, and technology experts ensure quality-focused solutions are customized flexibly for diversified client requirements. iSafety was formed in 2008 and is based in Princeton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Pharmica Consulting

Sparta, New Jersey, United States

Pharmica Consulting is a life science consulting company that provides Project Management (PM) consulting solutions and proprietary operations software to pharmaceutical and biotech companies for the execution of clinical trials. The company's areas of expertise include global development and clinical operations, R&D operations, program management, pharmacovigilance, medical and regulatory affairs, and commercial operations. Pharmica Consulting was formed in 2005 and is based in Sparta, New Jersey.

Buy -

Seller(S) 1

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 30 of 34
Sector (Staffing) 2 of 2
Type (Merger) 1 of 1
State (Illinois) 3 of 3
Country (United States) 25 of 29
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 LYNX Franchising

Alpharetta, Georgia, United States

LYNX Franchising is a multi-brand franchise platform focused on commercial and residential services with core offerings including cleaning, restoration, virtual office services, outdoor living space construction, outdoor lighting, and irrigation services. LYNX Franchising was founded in 1991 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Louisiana Fish Fry Products

Baton Rouge, Louisiana, United States

Louisiana Fish Fry Products is a manufacturer and supplier of branded food products including spices & seasonings, seafood boils, breadings & batters, sauces & marinades, and rice mixes. Louisiana Fish Fry Products was founded in 1982 and is based in Baton Rouge, Louisiana.

Buy -
Mergr

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