M&A Deal Summary

Chicago Growth Partners Acquires CellCarta

On July 23, 2012, growth capital firm Chicago Growth Partners acquired life science company CellCarta from Great Point Partners

Acquisition Highlights
  • This is Chicago Growth Partners’ 4th transaction in the Life Science sector.
  • This is Chicago Growth Partners’ 1st transaction in Canada.
  • This is Chicago Growth Partners’ 1st transaction in Quebec.
Investment Fate
  • 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 2012-07-23
Target CellCarta
Sector Life Science
Buyer(s) Chicago Growth Partners
Sellers(s) Great Point Partners
Deal Type Recapitalization
Advisor(s) Harris Williams (Financial)

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

Chicago Growth Partners

Chicago, Illinois, United States

Category Growth Capital Firm
Founded 2004
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.


DEAL STATS #
Overall 30 of 34
Sector: Life Science M&A 4 of 4
Type: Recapitalization M&A Deals 10 of 12
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Teaching Strategies

Bethesda, Maryland, United States

Teaching Strategies is a provider of childhood educational resources, including curriculum and web-based assessment products. Teaching Strategies offers the industry’s widest selection of research-based, developmentally appropriate instruction and assessment products to the growing early childhood market. Teaching Strategies was established in 1988 and is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-27 Systems Engineering Solutions

Chesapeake, Virginia, United States

SESI is a provider of non-public educational services for children with learning and behavioral difficulties in Kindergarten–12th grade. SESI offers highly individualized, tutorial-based education at its schools and programs that serve over 1,700 students in seven states. SESI is based in Chesapeake, Virginia.

Buy -

Seller(S) 1

SELLER

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $10 to $100 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 3 of 18
Sector: Life Science M&A 2 of 7
Type: Recapitalization M&A Deals 1 of 2
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Mediatech

Manassas, Virginia, United States

Mediatech, Inc. is a provider of specialized and custom biological media products including cell-culture media, molecular biology reagents, basal-salt-solutions, antibiotics, and sera, to the life sciences industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-07 iVantage

Portland, Maine, United States

iVantage is a provider of health care informatics and business analytics solutions that transform complex data into actionable business intelligence. This platform is used by hospital management teams to drive empirical and evidence based decision making. These tools are positioned at the center of a large market opportunity due to increased demand for meaningful data driven by new compliance based requirements and operational challenges of the Patient Protection and Affordable Care Act. iVantage was founded in 2011 and is based in Portland, Maine.

Buy $10M