M&A Deal Summary

Baring Private Equity Partners India, Leonard Green & Partners and TPG Acquire PharmARC Analytic Solutions Pvt.

On July 20, 2010, private equity firms Baring Private Equity Partners India, Leonard Green & Partners and TPG acquired business services company PharmARC Analytic Solutions Pvt.

Acquisition Highlights
  • This is Baring Private Equity Partners India’s 2nd, Leonard Green & Partners’ 2nd and TPG’s 7th transaction in the Business Services sector.
  • This is Baring Private Equity Partners India’s 7th, Leonard Green & Partners’ 1st and TPG’s 5th transaction in India.
Investment Fate
  • PharmARC Analytic Solutions Pvt. was sold to a strategic buyer in 2012.

M&A Deal Summary

Date 2010-07-20
Target PharmARC Analytic Solutions Pvt.
Sector Business Services
Buyer(s) Baring Private Equity Partners India
Leonard Green & Partners
TPG
Deal Type Going Private

Target

PharmARC Analytic Solutions Pvt.

Bangalore, India
PharmARC is a global sales and marketing analysis company, dedicated to the pharmaceutical industry and allied consultants worldwide. It provides high-end sales and marketing analytics and business intelligence services. The company believes it can enhance the value of customer projects at a significantly economical cost while retaining excellence and accuracy. Its customers include 12 of the top 20 Pharmaceutical companies in the world.

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Buyer(S) 3

DESCRIPTION

Baring Private Equity Partners India (BPEP India) is an India-focused private equity firm. The Group targets mid-market transactions and looks for companies with excellent management, recognized brands, strong distribution, and sustainable growth/cash-flows. Sectors of interest include information technology, life science, banking, financial services, insurance, energy, infrastructure, and consumer goods. The Firm will consider both control and minority investment positions. BPEP India was originally part of the Baring Private Equity Partners Group and became independent from the group and parent ING in 2004. BPEP India is based in Gurgaon.


DEAL STATS #
Overall 11 of 17
Sector: Business Services M&A 2 of 2
Type: Going Private M&A Deals 1 of 1
Country: India M&A 7 of 13
Year: 2010 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-24 ReaMetrix

Los Altos, California, United States

ReaMetrix is a Provider of biotechnology services intended to offer research and development, GMP-level assay development, validation, and testing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-29 Muthoot Finance

Kochi, India

Muthoot Finance provides personal and business loans secured by gold jewelry, or gold loans, primarily to individuals and micro finance. Muthoot Finance was founded in 1887 and is based in Kochi, Kerala.

Buy Rs157M
Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 31 of 107
Sector: Business Services M&A 2 of 9
Type: Going Private M&A Deals 7 of 14
Country: India M&A 1 of 1
Year: 2010 M&A 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 Authentic Brands Group

New York City, New York, United States

Authentic Brands Group is a brand development company which owns a major global portfolio of iconic fashion, sports and entertainment brands. ABG's mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. Authentic Brands Group is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-16 Prospect Medical Holdings

Los Angeles, California, United States

Prospect Medical Holdings provides healthcare and physician services in Southern California, South Central Texas, Rhode Island, New Jersey, Connecticut, and Pennsylvania. Prospect’s hospitals are located in high-density population areas and maintain solid market positions in the areas they serve. Prospect Medical Holdings is based in Los Angeles, California.

Buy $363M
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B 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 154 of 451
Sector: Business Services M&A 7 of 14
Type: Going Private M&A Deals 23 of 39
Country: India M&A 5 of 27
Year: 2010 M&A 14 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-19 Healthscope

Melbourne, Australia

Healthscope is a healthcare operator that uniquely operates in every state and territory within Australia, as well as in Asia. The company's reach of facilities around Australia firmly places Healthscope as one of Australia's largest private hospital providers. Healthscope was founded in 1985 and is based in Melbourne, Australia.

Buy AU$2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-21 Copano Energy

Houston, Texas, United States

Copano Energy LLC, is a midstream natural gas company providing comprehensive services to natural gas producers, including natural gas gathering, intrastate transmission, processing, conditioning and treating to producers.

Buy -