M&A Deal Summary

TPG Acquires Precision for Medicine

On December 22, 2015, private equity firm TPG acquired life science company Precision for Medicine from J.H. Whitney Capital Partners

Acquisition Highlights
  • This is TPG’s 34th transaction in the Life Science sector.
  • This is TPG’s 174th transaction in the United States.
  • This is TPG’s 3rd transaction in Maryland.

M&A Deal Summary

Date 2015-12-22
Target Precision for Medicine
Sector Life Science
Buyer(s) TPG
Sellers(s) J.H. Whitney Capital Partners
Deal Type Secondary Buyout

Target

Precision for Medicine

Bethesda, Maryland, United States
website
Precision for Medicine is a specialized healthcare services company that provides product development and commercialization support for pharmaceutical and life sciences businesses.​ Precision for Medicine was founded in 2012 and is based in Bethesda, Maryland.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 258 of 401
Sector (Life Science) 34 of 42
Type (Secondary Buyout) 26 of 63
State (Maryland) 3 of 5
Country (United States) 174 of 269
Year (2015) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 HCP Packaging

Shanghai, China

HCP Packaging is a designer and manufacturer of prestige primary packaging containers for the cosmetics, skincare and fragrance industries.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Vita Group

Manchester, United Kingdom

Vita Group is a manufacturer and processes a wide assortment of polymers, including cellular foams, synthetic fiber fillings, specialized and coated textiles, and polymer compounds and moldings. The company's products are used in furniture, carpet underlay, bedding, apparel, automobile seat cushions, and more. Vita Group is made up of three divisions: the industrial group makes thermoplastic sheet goods, the fiber and fabric division makes products used in clothing and construction industries, and the foam group makes cellular polymer products. Vita Group was founded in 1949 and is based in Manchester, England.

Sell -

Seller(S) 1

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

website


Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 13 of 27
Sector (Life Science) 2 of 3
Type (Secondary Buyout) 7 of 14
State (Maryland) 1 of 2
Country (United States) 12 of 26
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 TIDI

Neenah, Wisconsin, United States

TIDI is a manufacturer, marketer, and distributor of a diversified portfolio of medical products focused on supporting caregivers and protecting patients. Based in Neenah, WI, the Company's broad product set is designed to help customers prevent "Never Events" (medical errors that should never occur), reduce costs, increase efficiencies, and drive better patient outcomes. TIDI Products was founded in 1969 and is based in Neenah, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 PSA HealthCare

Norcross, Georgia, United States

PSA HealthCare is a provider of critically important home care services for medically fragile children. Recognized as an industry leader in quality that it developed over the Company’s 25 year history, PSA provides care to more than 2,500 patients across 17 states through over 65 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a broad range of healthcare services, including home-based adult private duty nursing, home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers for medically fragile children and intellectual and developmental home care.

Sell -