M&A Deal Summary

One Equity Partners and TPG Acquire IQVIA

On April 11, 2003, private equity firms One Equity Partners and TPG acquired life science company IQVIA for 1.7B USD

Acquisition Highlights
  • This is One Equity Partners’ 1st and TPG’s 2nd transaction in the Life Science sector.
  • This is One Equity Partners’ 2nd and TPG’s 48th largest (disclosed) transaction.
  • This is One Equity Partners’ 6th and TPG’s 26th transaction in the United States.
  • This is One Equity Partners’ 1st and TPG’s 1st transaction in North Carolina.
Investment Fate
  • IQVIA was sold to a consortium of financial buyers in 2007 for 3.0B USD.
  • IQVIA went public in 2013.

M&A Deal Summary

Date 2003-04-11
Target IQVIA
Sector Life Science
Buyer(s) One Equity Partners
TPG
Deal Type Going Private
Deal Value 1.7B USD

Target

IQVIA

Durham, North Carolina, United States
Quintiles office in San Diego, California.
Quintiles office in San Diego, California.
IQVIA is a provider of advanced analytics, technology solutions, and contract research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. IQVIA is based in Durham, North Carolina.

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Buyer(S) 2

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 6 of 139
Sector: Life Science M&A 1 of 3
Type: Going Private M&A Deals 1 of 4
State: North Carolina M&A 1 of 1
Country: United States M&A 6 of 82
Year: 2003 M&A 2 of 2
Size (of disclosed) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-06 Cybertrust

Herndon, Virginia, United States

Cybertrust provides large enterprises and governments around the world with a suite of security products and services to address their vulnerability detection and prevention, identity management, risk management, and compliance needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-15 AbilityOne

Bolingbrook, Illinois, United States

AbilityOne Corp. is a distributor of rehabilitation and assistive device products used to speed recovery, improve mobility and aid independence for injured, aging and physically-challenged adults and children.

Sell $575M
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B 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 36 of 453
Sector: Life Science M&A 2 of 46
Type: Going Private M&A Deals 2 of 40
State: North Carolina M&A 1 of 11
Country: United States M&A 26 of 299
Year: 2003 M&A 2 of 10
Size (of disclosed) 48 of 114
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-05 Eutelsat Group

Issy-les-Moulineaux, France

Eutelsat Group is a satellite operator that provides transponder capacity for video broadcasters, European Direct-to-Home (DTH) operators, European governments, and the US government, as well as for corporate data networks and other voice and data providers. Eutelsat Group was founded in 1977 and is based in Issy-les-Moulineaux, France.

Buy €210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-22 Nitronex

Morrisville, North Carolina, United States

Nitronex LLC is an innovative designer and manufacturer of gallium nitride (GaN) based RF solutions. Nitronex is developing gallium nitride on silicon (GaN-on-Si) semiconductor solutions using its proprietary SIGANTIC® manufacturing process. Nitronex products enable applications in the defense, communications, cable TV, and industrial & scientific markets.

Buy -