M&A Deal Summary

Partners Group AG Acquires PCI Pharma Services

On June 1, 2016, asset manager Partners Group AG acquired life science company PCI Pharma Services from Frazier Healthcare Partners for 1.0B USD

Acquisition Highlights
  • This is Partners Group AG’s 2nd transaction in the Life Science sector.
  • This is Partners Group AG’s 11th largest (disclosed) transaction.
  • This is Partners Group AG’s 13th transaction in the United States.
  • This is Partners Group AG’s 2nd transaction in Pennsylvania.
Investment Fate
  • PCI Pharma Services was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2016-06-01
Target PCI Pharma Services
Sector Life Science
Buyer(s) Partners Group AG
Sellers(s) Frazier Healthcare Partners
Deal Type Secondary Buyout
Deal Value 1.0B USD
Advisor(s) RBC Capital Markets (Financial)
Goodwin Procter (Legal)

Target

PCI Pharma Services

Philadelphia, Pennsylvania, United States
website
PCI Pharma Services is a provider of outsourced pharmaceutical supply chain solutions supporting biotechnology and pharmaceutical companies throughout the various stages of drug development and commercialization. PCI Pharma Services was founded in 2012 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 36 of 87
Sector (Life Science) 2 of 3
Type (Secondary Buyout) 16 of 51
State (Pennsylvania) 2 of 2
Country (United States) 13 of 33
Year (2016) 8 of 12
Size (of disclosed) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-30 Atos Medical

Malmö, Sweden

Atos Medical is a medical device company with a global market and technology leading position in the segment for voice and pulmonary rehabilitation of patients who have undergone laryngectomy (surgical removal of the voice box). Atos Medical was formed in 1986 and is based in Malmö, Sweden.

Sell €850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Emeria

Antony, France

Emeria is an acquisitive and tech-enabled platform that provides a range of real estate services to residential property owners and tenants, including joint-property management, lease management, letting and brokerage services. The Company also offers insurance services, such as multi-risk guarantee and rental guarantee insurance, and a range of ancillary, digital, and B2B services, including diagnostic solutions and B2B property management. Emeria is based in Antony, France.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.


DEAL STATS #
Overall 11 of 27
Sector (Life Science) 2 of 10
Type (Secondary Buyout) 4 of 10
State (Pennsylvania) 2 of 3
Country (United States) 11 of 27
Year (2016) 2 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Laboratory Supply

Louisville, Kentucky, United States

Laboratory Supply Co., Inc. is a privately held supplier of diagnostic instrumentation and clinical laboratory products to hospitals, physician office laboratories, reference labs and other non-acute care settings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 Alteon Health

Germantown, Maryland, United States

Alteon Health is a provider of outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers. The company supports the highest quality healthcare delivery through patient-focused care, physician-led innovation, data-driven practices, and best-in-class healthcare partnerships. Alteon Health was founded in 1971 and is based in Germantown, Maryland.

Buy -