M&A Deal Summary

Clario Acquires BioClinica

On December 10, 2020, Clario acquired life science company BioClinica from Cinven

Acquisition Highlights
  • This is Clario’s 3rd transaction in the Life Science sector.
  • This is Clario’s 8th transaction in the United States.
  • This is Clario’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2020-12-10
Target BioClinica
Sector Life Science
Buyer(s) Clario
Sellers(s) Cinven
Deal Type Merger
Advisor(s) Jefferies
Rothschild Global Advisory (Financial)
Kirkland & Ellis (Legal)

Target

BioClinica

Princeton, New Jersey, United States
Bioclinica is an integrated clinical life science solutions provider, delivering powerful insight into clinical trial development, assuring greater client success in bringing medical therapies to market, for people around the world. Through deep medical, scientific, and technology expertise, the company provides medical imaging and cardiac safety services; clinical adjudication; randomization and trial supply management and optimization; electronic and eSource data capture; site and patient payments; clinical trial management software; and drug safety solutions. Bioclinica’s global team of life science experts serves more than 500 pharmaceutical, biotechnology, and device organizations including the top 20 biopharmaceutical companies and leading CROs through offices in North America, Europe, and Asia. Bioclinica was formed in 1990 and is based in Princeton, New Jersey.

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Buyer(S) 1

Buyer

Clario

Philadelphia, Pennsylvania, United States
Category Company
Founded 1972
Sector Medical Products
Employees3,800
DESCRIPTION

Clario offers a compelling combination of technology, services, and clinical expertise, helping customers to deliver successful clinical trial outcomes by ensuring high-quality data capture, reduced costs, and shortened study timelines. Clario was founded in 1972 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 9 of 10
Sector (Life Science) 3 of 3
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 8 of 8
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-10 APDM Wearable Technologies

Portland, Oregon, United States

APDM, Inc. is a digital health company that offers sensor-based solutions for quantifying human movement. APDM has raised $13MM+ from the NIH and Department of Defense, has over 200+ publications and thousands of researchers worldwide using our technology, and is currently involved in multiple clinical trials. The company is a full-stack engineering team (hardware, software, algorithm) with a strong scientific foundation. APDM was formed in 2007 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 ArtiQ

Leuven, Belgium

ArtiQ is a software company dedicated to enhancing the diagnosis and monitoring of patients with respiratory conditions. ArtiQ was founded in 2019 and is based in Leuven, Belgium.

Buy -

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 118 of 126
Sector (Life Science) 6 of 6
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 10 of 11
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Compre

Hamilton, Bermuda

Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 Taxwell

Franklin, North Carolina, United States

Taxwell is a provider of tax preparation software to professionals and individuals. The Company provides the tools and resources that tax professionals need to build their businesses and properly file federal, state, and local taxes across the country. Drake Software was founded in 1977 and is based in Franklin, North Carolina.

Buy -
Mergr

Product

Company

Legal