M&A Deal Summary

Thallion Pharmaceuticals Acquires CellCarta

On March 14, 2007, Thallion Pharmaceuticals acquired life science company CellCarta from EdgeStone Capital Partners

Acquisition Highlights
  • This is Thallion Pharmaceuticals’ 1st transaction in the Life Science sector.
  • This is Thallion Pharmaceuticals’ 1st transaction in Canada.
  • This is Thallion Pharmaceuticals’ 1st transaction in Quebec.
Investment Fate
  • CellCarta was divested to a consortium of buyers in 2007.
  • CellCarta was recapitalized in 2012.
  • CellCarta was sold to a consortium of financial buyers in 2016.
  • CellCarta was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2007-03-14
Target CellCarta
Sector Life Science
Buyer(s) Thallion Pharmaceuticals
Sellers(s) EdgeStone Capital Partners
Deal Type Add-on Acquisition

Target

CellCarta

Montreal, Quebec, Canada
CellCarta is a provider of specialized precision medicine laboratory services to the biopharmaceutical industry. Leveraging its integrated analytical platforms in immunology, histopathology, proteomics and genomics, as well as related specimen collection and logistics services, CellCarta supports the entire drug development cycle, from discovery to late-stage clinical trials. CellCarta was founded in 2000 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Thallion Pharmaceuticals

Dorval, Quebec, Canada

Category Company
Founded 2007
Sector Medical Products
DESCRIPTION

Thallion Pharmaceuticals Inc. (TSX: TLN) is a biotechnology company developing pharmaceutical products in the areas of infectious disease and oncology.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-28 CellCarta

Montreal, Quebec, Canada

CellCarta is a provider of specialized precision medicine laboratory services to the biopharmaceutical industry. Leveraging its integrated analytical platforms in immunology, histopathology, proteomics and genomics, as well as related specimen collection and logistics services, CellCarta supports the entire drug development cycle, from discovery to late-stage clinical trials. CellCarta was founded in 2000 and is based in Montreal, Quebec.

Sell -

Seller(S) 1

SELLER

EdgeStone Capital Partners

Toronto, Ontario, Canada

Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EdgeStone Capital Partners, Inc. is a private equity firm that targets middle market companies located in the Canada. The Firm targets to invest in companies with an EBITDA range $10 - $50 million and Enterprise value of $50 - $250 million. It seeks to invest in equity and equity related instruments and seeks to hold majority position and board seat in portfolio companies. Specific areas of interest include light manufacturing, business services, and consumer services. Type of transaction includes MBO, recapitalizations, growth capital, divestiture or non-core business and succession planning. EdgeStone Capital Partners, Inc. is based in Toronto, Ontario.


DEAL STATS #
Overall 12 of 25
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 17
State: Quebec M&A 1 of 2
Country: Canada M&A 10 of 18
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-21 Datawire Communication Networks

Toronto, Ontario, Canada

Datawire has proven the benefits of the VXN through successful connectivity to industry-leading payment processors and integration with many point-of-sale applications and devices to provide fast and secure transaction transport. The successful adoption of the Datawire network by the financial transaction processing services industry has led to cost savings, flexibility, increased revenue and increased ease of use for its customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-20 Redmere Technology

Co Cork, Ireland

RedMere provides complete active-cable solutions to cable industry leaders and manufacturing partners. In a world where connection speed increases, RedMere enables easy to use, high quality, smart connectivity for The Home, On the Move and The Office.

Buy -