M&A Deal Summary

Parexel Acquires Liquent

On December 21, 2012, Parexel acquired software company Liquent from Marlin Equity Partners for 72M USD

Acquisition Highlights
  • This is Parexel’s 2nd transaction in the Software sector.
  • This is Parexel’s largest (disclosed) transaction.
  • This is Parexel’s 5th transaction in the United States.
  • This is Parexel’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2012-12-21
Target Liquent
Sector Software
Buyer(s) Parexel
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition
Deal Value 72M USD
Advisor(s) Harris Williams & Co. (Financial)

Target

Liquent

Horsham, Pennsylvania, United States
website
Liquent, Inc. is a provider of software and related regulatory and clinical services to the life sciences industry, helping to ensure its clients meet the strict standards of regulatory authorities across the world.

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Buyer(S) 1

Buyer

Parexel

Durham, North Carolina, United States

website


Category Company
Founded 1983
Sector Life Science
Revenue 2.3B USD (2015)
DESCRIPTION

Parexel is a global provider of clinical research and consulting services to the pharma and biotech industry. Parexel’s services enable the development of innovative new medicines that improve the health of patients across the world. Parexel was founded in 1983 and is based in Durham, North Carolina.


DEAL STATS #
Overall 10 of 16
Sector (Software) 2 of 2
Type (Add-on Acquisition) 9 of 15
State (Pennsylvania) 1 of 2
Country (United States) 5 of 8
Year (2012) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-14 ClinPhone

Nottingham, United Kingdom

Clinphone operates as a clinical technology organization that provides interactive voice response and electronic data capture services primarily to the pharmaceutical industry in Europe and the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 HERON Group

Luton, United Kingdom

HERON Group Ltd. is a life sciences consultancy which provides evidence-based commercialization services to support biopharmaceutical companies throughout the lifecycle of their products.

Buy $38M

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 8 of 55
Sector (Software) 7 of 22
Type (Add-on Acquisition) 8 of 37
State (Pennsylvania) 1 of 2
Country (United States) 6 of 42
Year (2012) 5 of 5
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Neff

Camarillo, California, United States

Neff, Inc. is an accessories and apparel company focused on the action sports youth lifestyle market. Neff is firmly established as a premier brand for action sports accessories. Neff designs and markets beanies, hats, watches, sunglasses, tee shirts, gloves and other products for the snow, skate and surf lifestyle segments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 Verisae

Minneapolis, Minnesota, United States

Verisae, Inc. is a global provider of SaaS, cloud-based solutions that help large retailers reduce energy and asset lifecycle costs by monitoring and managing energy efficiency, asset performance and environmental compliance.

Buy -