PPD - M&A Summary, Ownership, and Business Overview

Life ScienceCompany

PPD M&A Summary

PPD has acquired 8 companies of its own. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

PPD’s largest acquisition to date was in 2016, when it acquired Synexus for $274M. It’s largest disclosed sale occurred in 2009, when it sold Piedmont Research Center to Charles River Laboratories International for $46M. PPD has acquired in 4 different US states, and 4 countries. The Company’s most targeted sectors include life science (75%) and information technology (25%).

PPD Ownership

Who owns PPD?

PPD is owned by Thermo Fisher Scientific. It was acquired on April 15, 2021.

Was PPD formerly PE-backed?

Yes. PPD was formerly owned by 2 private investors.

PPD Business Overview

Where is PPD headquartered?

PPD is headquartered in Wilmington, North Carolina.

What is PPD’s revenue?

PPD disclosed revenue of 4,681M USD for 2020 and 4,031M USD for 2019.

How many employees does PPD have?

PPD has 26,000 employees.

What sector is PPD in?

PPD is a life science company.

When was PPD founded?

PPD was founded in 1985.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity8
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 5

PPD

Pharmaceutical Product Development LLC

929 North Front Street,
Wilmington, North Carolina 28401
United States,
(910) 251-0081
www.ppd.com

PPD is a global contract research organization providing drug discovery, development, and lifecycle management services. Its clients and partners primarily include pharmaceutical and biotechnology companies, in addition to medical device companies, academic institutions, and government organizations. With offices in 44 countries and more than 11,000 professionals worldwide, PPDI applies innovative technologies, therapeutic expertise, and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments. PPD was founded in 1985 and is based in Wilmington, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $351M $351M
Sell (0.2/yr) # 2 1 - - - - 3
vol $46M $46M
  11

Most Recent M&A

Company Date Value Type
X-Chem, Inc. 2020-06-03 - Divestiture
Waltham, Massachusetts · www.x-chemrx.com
BioDuro-Sundia 2019-01-28 - Divestiture
Irvine, California · www.bioduro-sundia.com
Evidera 2016-09-06 - Divestiture
Bethesda, Maryland · www.evidera.com
Synexus Ltd. 2016-06-06 274M GBP Add-on Acquisition
Chorley, United Kingdom · www.synexus.com
Acurian, Inc. 2013-08-27 - Add-on Acquisition
Horsham, Pennsylvania · www.acurian.com
X-Chem, Inc. 2010-10-11 - Add-on Acquisition
Waltham, Massachusetts · www.x-chemrx.com
BioDuro-Sundia 2009-11-30 77M USD Add-on Acquisition
Irvine, California · www.bioduro-sundia.com
Excel PharmaStudies, Inc. 2009-11-06 - Add-on Acquisition
Beijing, China · www.excel-cro.com
Piedmont Research Center LLC 2009-04-03 46M USD Divestiture
Morrisville, North Carolina · www.piedmontrc.com
Magen BioSciences, Inc. 2009-04-01 - Add-on Acquisition
Waltham, Massachusetts
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 6 (75%) 77M (22%) 3 (100%) 46M (100%)
Information Technology 2 (25%) 274M (78%) - -
Total 8 $351M 3 $46M

By Geo

State/Country Buy Value Sell Value
United States 5 77M 3 46M
  Massachusetts 2 - 1 -
  California 1 77M 1 -
  Pennsylvania 1 - - -
  Maryland 1 - - -
  North Carolina - - 1 46M
China 1 - - -
Russia 1 - - -
United Kingdom 1 274M - -
Domestic 5 (63%) 77M (22%) 3 (100%) 46M (100%)
Cross-border 3 (38%) 274M (78%) - -
Total 8 $351M 3 $46M

Deal Values

buy # Total
$100M to $1B 1 $274M
< $100M 1 $77M
TOTAL $351M
Largest Synexus Ltd.
$274M (2016-06-06)
sell # Total
< $100M 1 $46M
TOTAL $46M
Largest Piedmont Research Center LLC
$46M (2009-04-03)

M&A Connections

Deals
Acquired from
Investor(s)
25%
2 (25%)
Divested to
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)

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