M&A Deal Summary

Avista Healthcare Partners Acquires Taconic Biosciences

On November 1, 2022, private equity firm Avista Healthcare Partners acquired life science company Taconic Biosciences from H.I.G. Private Equity

Acquisition Highlights
  • This is Avista Healthcare Partners’ 13th transaction in the Life Science sector.
  • This is Avista Healthcare Partners’ 42nd transaction in the United States.
  • This is Avista Healthcare Partners’ 3rd transaction in New York.

M&A Deal Summary

Date 2022-11-01
Target Taconic Biosciences
Sector Life Science
Buyer(s) Avista Healthcare Partners
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout

Target

Taconic Biosciences

Germantown, New York, United States
Taconic Biosciences is a provider of genetically engineered models and service solutions used in life sciences research. Taconic provides murine solutions so that customers can acquire, custom generate, breed, precondition, test, and distribute valuable research models worldwide. Taconic Biosciences was founded in 1952 and is based in Germantown, New York.

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Buyer(S) 1

Buyer

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 51 of 54
Sector (Life Science) 13 of 13
Type (Secondary Buyout) 16 of 19
State (New York) 3 of 3
Country (United States) 42 of 43
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 WellSpring Consumer Healthcare

Sarasota, Florida, United States

WellSpring Consumer Healthcare is a marketer of over-the-counter and cosmetic brands in the skincare, feminine hygiene, and gastrointestinal care categories. WellSpring’s portfolio includes Bactine, Bonine, FDS, Emetrol, Micatin, Gelusil, Glaxal Base, Barriere, and K-Lyte. WellSpring Consumer Healthcare was founded in 1999 and is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Spear Education

Scottsdale, Arizona, United States

Spear Education is dentistry’s source for continuing education that serves dentists of all clinical skill levels and transforms practices and the lives of patients by offering physical hands-on courses, extensive peer-to-peer regional learning, and comprehensive online educational tools. Spear Education is based in Scottsdale, Arizona.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 151 of 175
Sector (Life Science) 1 of 2
Type (Secondary Buyout) 60 of 71
State (New York) 7 of 8
Country (United States) 108 of 120
Year (2022) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Formerra

Romeoville, Illinois, United States

Formerra is a distributor of engineered materials, connecting to polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Formerra was founded in 2022 and is based in Romeoville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Celerion

Lincoln, Nebraska, United States

Celerion is a clinical research organization that provides comprehensive clinical trial solutions to pharmaceutical and biotechnology clients conducting early clinical research throughout North America, Europe, and Asia. The Company serves its clients through a global network of facilities with a focus on applied translational medicine. Celerion was founded in 2010 and is based in Lincoln, Nebraska.

Buy -