M&A Deal Summary

Court Square Capital Partners Acquires Celerion

On November 14, 2017, private equity firm Court Square Capital Partners acquired life science company Celerion from WindRose Health Investors

Acquisition Highlights
  • This is Court Square Capital Partners’ 1st transaction in the Life Science sector.
  • This is Court Square Capital Partners’ 41st transaction in the United States.
  • This is Court Square Capital Partners’ 1st transaction in Nebraska.
Investment Fate
  • Celerion was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2017-11-14
Target Celerion
Sector Life Science
Buyer(s) Court Square Capital Partners
Sellers(s) WindRose Health Investors
Deal Type Secondary Buyout
Advisor(s) Lazard Middle Market (Financial)
McDermott Will & Emery (Legal)

Target

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.

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Buyer(S) 1

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 44 of 69
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 22 of 33
State: Nebraska M&A 1 of 1
Country: United States M&A 41 of 66
Year: 2017 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Verus Aerospace

Anaheim, California, United States

Verus Aerospace is a precision manufacturer of flight critical components for the commercial aerospace and defense industries. Verus Aerospace was founded in 2010 and is based in Anaheim, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Research Now Group

Plano, Texas, United States

Research Now Group is a global leader in data collection through online and mobile surveys utilizing proprietary consumer and business panels. It recruits, qualifies and matches individual consumer or business professional panelists with specific demographic characteristics to provide targeted results for end customers’ surveys. Research Now Group was founded in 1940 and is based in Plano, Texas.

Sell -

Seller(S) 1

SELLER

WindRose Health Investors

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 15 of 28
Sector: Life Science M&A 2 of 3
Type: Secondary Buyout M&A Deals 4 of 7
State: Nebraska M&A 1 of 1
Country: United States M&A 15 of 28
Year: 2017 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 IASIS Healthcare

Franklin, Tennessee, United States

IASIS Healthcare Corp. is an owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. Additionally, IASIS owns and operates a Medicaid managed health plan in Phoenix that serves over 108,000 members. IASIS Healthcare was formed in 1998 and is based in Franklin, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Bridgeway Benefit Technologies

Baltimore, Maryland, United States

Bridgeway Benefit Technologies is a provider of specialized business administration software for the Taft-Hartley community, providing technology solutions for fund offices, national multiemployer plans, and third-party administrators across the United States and Canada. Bridgeway Benefit Technologies was founded in 1977 and is based in Baltimore, Maryland.

Buy -