M&A Deal Summary

Aisling Capital, TPG, Bain Capital Private Equity and 3i Private Equity Acquire IQVIA

On December 21, 2007, private equity firms Aisling Capital, TPG, Bain Capital Private Equity and 3i Private Equity acquired life science company IQVIA from One Equity Partners and TPG for 3.0B USD

Acquisition Highlights
  • This is Aisling Capital’s 13th, TPG’s 14th, Bain Capital Private Equity’s 3rd and 3i Private Equity’s 5th transaction in the Life Science sector.
  • This is Aisling Capital’s 2nd, TPG’s 30th, Bain Capital Private Equity’s 21st and 3i Private Equity’s largest (disclosed) transaction.
  • This is Aisling Capital’s 15th, TPG’s 77th, Bain Capital Private Equity’s 46th and 3i Private Equity’s 6th transaction in the United States.
  • This is Aisling Capital’s 2nd, TPG’s 4th, Bain Capital Private Equity’s 3rd and 3i Private Equity’s 1st transaction in North Carolina.
Investment Fate
  • IQVIA went public in 2013.

M&A Deal Summary
Date 2007-12-21
Target IQVIA
Sector Life Science
Buyer(s) Aisling Capital
TPG
Bain Capital Private Equity
3i Private Equity
Sellers(s) One Equity Partners
TPG
Deal Type Recapitalization
Deal Value 3.0B 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 was founded in 2016 and is based in Durham, North Carolina.

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Buyer(S) 4

Buyer

Aisling Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Aisling Capital is a private investment firm focused on opportunities in the healthcare and medical technology sectors. The Firm specifically looks to invest in companies developing and commercializing innovative healthcare products, services, and technologies. Aisling Capital looks to commit $20 to $50 million per investment and prefers to be the lead investor. Aisling will consider investing in both public and private companies. Aisling Capital raised its first fund in 2000. The Firm is based in New York City.

DEAL STATS #
Overall 15 of 56
Sector (Life Science) 13 of 42
Type (Recapitalization) 1 of 2
State (North Carolina) 2 of 5
Country (United States) 15 of 52
Year (2007) 8 of 8
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-25 Paratek Pharmaceuticals

King of Prussia, Pennsylvania, United States

Paratek Pharmaceuticals is a bio-pharmaceutical company focused on the development and commercialization of innovative therapies based upon its expertise in novel tetracycline chemistry. Paratek Pharmaceuticals was founded in 1996 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 ViewRay

Oakwood, Ohio, United States

ViewRay is a development stage medical device company focused on image-guided radiation therapy. ViewRay was founded in 2004 and is based in Oakwood, Ohio.

Buy -
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B 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 108 of 421
Sector (Life Science) 14 of 44
Type (Recapitalization) 3 of 5
State (North Carolina) 4 of 8
Country (United States) 77 of 276
Year (2007) 20 of 20
Size (of disclosed) 30 of 105
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 Hanaro Telecom

South Korea

Hanaro Telecom provides telecommunications services and offers broadband Internet access, voice, leased line and IDC services in Korea. Hanaro's voice service comprises local, domestic long distance, international long distance and VoIP services.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Caesars Entertainment

Las Vegas, Nevada, United States

Caesars Entertainment is a diversified casino entertainment provider with casinos and resorts in the US, South America, Europe, and the Middle East. In addition to casinos, Caesars' facilities typically include hotel and convention space, restaurants, and non-gaming entertainment facilities. Caesars Entertainment Corp. was established in 1937 and is headquartered in Las Vegas, Nevada.

Buy $30.7B
Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 65 of 236
Sector (Life Science) 3 of 11
Type (Recapitalization) 3 of 8
State (North Carolina) 3 of 3
Country (United States) 46 of 124
Year (2007) 11 of 11
Size (of disclosed) 21 of 72
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-30 HD Supply

Atlanta, Georgia, United States

HD Supply is a wholesale distributor of a broad range of products and services to professional customers in the infrastructure, energy, maintenance, repair & improvement, and specialty construction markets. HD Supply was founded in 2007 and is based in Atlanta, Georgia.

Buy $8.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-14 Bright Horizons

Newton, Massachusetts, United States

Bright Horizons is a provider of early education and preschools, employer-sponsored child care, back-up care, educational advisory services and other work/life solutions. Bright Horizons was incorporated in 1986 and is based in Newton, Massachusetts.

Buy $1.3B
Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.

DEAL STATS #
Overall 174 of 248
Sector (Life Science) 5 of 7
Type (Recapitalization) 2 of 5
State (North Carolina) 1 of 1
Country (United States) 6 of 18
Year (2007) 30 of 30
Size (of disclosed) 1 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Coor

Kista, Sweden

Coor is a provider of IFM and FM services in the Nordics, offering all the facility management services necessary for a company or public body to work smoothly and effectively. Coor was founded in 1998 and is headquartered in Kista, Sweden.

Sell €540M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-09 Defimode SAS

Brioude, France

Défimode is a French clothing retailer that focuses on providing affordable, high quality products for the whole family.

Sell -

Seller(S) 2

SELLER

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 $300 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 City.

DEAL STATS #
Overall 5 of 63
Sector (Life Science) 1 of 2
Type (Recapitalization) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 5 of 42
Year (2007) 2 of 2
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-14 Globalpack

Mexico

Globalpack is a flexible packaging and folding carton company. Globalpack is based in Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-22 Pfleiderer

Neumarkt, Germany

Pfleiderer is a producer and supplier of engineered wood products. The Company's core business focuses on two areas - base products and surfaced products. Pfleiderer is based in Neumarkt, Germany.

Buy -
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B 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 49 of 267
Sector (Life Science) 4 of 31
Type (Recapitalization) 1 of 2
State (North Carolina) 1 of 4
Country (United States) 35 of 193
Year (2007) 10 of 10
Size (of disclosed) 18 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 Hanaro Telecom

South Korea

Hanaro Telecom provides telecommunications services and offers broadband Internet access, voice, leased line and IDC services in Korea. Hanaro's voice service comprises local, domestic long distance, international long distance and VoIP services.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Caesars Entertainment

Las Vegas, Nevada, United States

Caesars Entertainment is a diversified casino entertainment provider with casinos and resorts in the US, South America, Europe, and the Middle East. In addition to casinos, Caesars' facilities typically include hotel and convention space, restaurants, and non-gaming entertainment facilities. Caesars Entertainment Corp. was established in 1937 and is headquartered in Las Vegas, Nevada.

Buy $30.7B
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