M&A Deal Summary

Audax Private Equity Acquires Avantor s Clinical Services

On August 16, 2024, private equity firm Audax Private Equity acquired life science company Avantor s Clinical Services from Avantor

Acquisition Highlights
  • This is Audax Private Equity’s 6th transaction in the Life Science sector.
  • This is Audax Private Equity’s 160th transaction in the United States.
  • This is Audax Private Equity’s 6th transaction in Pennsylvania.

M&A Deal Summary

Date 2024-08-16
Target Avantor s Clinical Services
Sector Life Science
Buyer(s) Audax Private Equity
Sellers(s) Avantor
Deal Type Divestiture

Target

Avantor s Clinical Services

Radnor, Pennsylvania, United States
Avantor's Clinical Services provides clinical trial and laboratory supply chain services to pharmaceutical and biotechnology companies, contract research organizations (CROs), and diagnostic laboratories. The company maintains a global logistics and equipment services network that distinguishes the business as a partner of choice to help its clients manage complex and evolving supply chain needs.

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Buyer(S) 1

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 168 of 170
Sector: Life Science M&A 6 of 6
Type: Divestiture M&A Deals 9 of 9
State: Pennsylvania M&A 6 of 6
Country: United States M&A 160 of 161
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Chartis

Chicago, Illinois, United States

Chartis is a healthcare advisory firm that develops and activates transformative strategies, operating models, and organizational enterprises. The company helps providers, payers, technology innovators, retail companies, and investors create and embrace solutions that radically reshape healthcare for the better. Its family of brands includes Chartis, Jarrard, Greeley, and HealthScape Advisors. Chartis was founded in 2002 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-20 United Urology Group

Owings Mills, Maryland, United States

United Urology Group is a urology physician practice management company with clinical offices and ambulatory surgical centers that provide general urologic care and ancillary service lines including surgical centers, pharmacy, radiation therapy, and a pathology lab. United Urology Group was founded in 2006 and is based in Owings Mills, Maryland.

Sell -

Seller(S) 1

SELLER

Avantor

Radnor, Pennsylvania, United States

Category Company
Founded 1904
Sector Chemicals
Employees13,500
Revenue 6.8B USD (2024)
DESCRIPTION

Avantor is a provider of ultra-high purity materials and customized solutions to customers in the life sciences and advanced technology markets. Avantor was incorporated in 1904 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Masterflex Bioprocessing

Vernon Hills, Illinois, United States

Masterflex Bioprocessing is a provider in peristaltic and single-use bioprocessing solutions including the industry-leading Masterflex® and Ismatec® range of peristaltic pumps, the MasterflexLive® connected products, pump and transfer tubing, flow meters and single-use components and assemblies. Masterflex Bioprocessing is based in Vernon Hills, Illinois.

Buy $2.9B