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  6. NovaQuest, QHP Capital and GI Partners Acquire Clinical Ink

M&A Deal Summary

NovaQuest, QHP Capital and GI Partners Acquire Clinical Ink

On August 4, 2020, private equity firms NovaQuest, QHP Capital and GI Partners acquired information technology company Clinical Ink from NovaQuest and Research Triangle Institute

Acquisition Highlights
  • This is NovaQuest’s 2nd, QHP Capital’s 1st and GI Partners’ 10th transaction in the Information Technology sector.
  • This is NovaQuest’s 8th, QHP Capital’s 4th and GI Partners’ 34th transaction in the United States.
  • This is NovaQuest’s 4th, QHP Capital’s 2nd and GI Partners’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2020-08-04
Target Clinical Ink
Sector Information Technology
Buyer(s) NovaQuest
QHP Capital
GI Partners
Sellers(s) NovaQuest
Research Triangle Institute
Deal Type Secondary Buyout

Target

Clinical Ink

Winston-Salem, North Carolina, United States
Clinical Ink is a clinical technology company that delivers data certainty from source to submission. Its Lunexis™ eSource platform with configurable Direct Data Capture, eCOA, ePRO, and eConsent modules enables real-time electronic data collection from sites, clinicians, and patients, streamlining workflows, reducing manual effort, and optimizing trial efficiency. Clinical Ink was founded in 2007 and is based in Winston-Salem, North Carolina.

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Buyer(S) 3

Buyer

NovaQuest

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

NovaQuest Capital Management is a private equity firm focused on acquiring and investing in growth-stage middle-market healthcare companies. Specific areas of interest include life science, medical technology, healthcare/facility services, and healthcare focused IT. The Firm targets profitable companies valued up to $500 million with $20 to $100 million of revenue. NovaQuest Capital Management was established in 2000 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 9 of 14
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 2
State: North Carolina M&A 4 of 6
Country: United States M&A 8 of 11
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 InformedDNA

St. Petersburg, Florida, United States

InformedDNA is a precision health company that provides genomics-driven solutions, including genetic risk assessment, counseling, and testing management for payors, life sciences, and health systems. InformedDNA was founded in 2007 and is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Mileutis

Ness Ziona, Israel

Mileutis is a biopharmaceutical company that focuses on the discovery, development, and commercialization of novel and biologically sourced. The company has developed a line of biopharmaceuticals that are revolutionizing the way veterinarians treat a wide range of diseases. Mileutis is based in Ness Ziona, Israel.

Buy -
Buyer

QHP Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2022
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

QHP Capital is a private equity firm focused on healthcare businesses in the middle-market. Specific areas of interest include tech-enabled life sciences and pharma service companies. The Firm seeks to partner with management teams in founder or family-owned companies, and invests in buyouts and other transaction types. QHP Capital was founded in 2022 and is headquartered in Raleigh, North Carolina.

DEAL STATS #
Overall 4 of 13
Sector: Information Technology M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 3
State: North Carolina M&A 2 of 5
Country: United States M&A 4 of 13
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 InformedDNA

St. Petersburg, Florida, United States

InformedDNA is a precision health company that provides genomics-driven solutions, including genetic risk assessment, counseling, and testing management for payors, life sciences, and health systems. InformedDNA was founded in 2007 and is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Bend Bioscience

Clearwater, Florida, United States

Bend Bioscience is a provider of clinical and commercial CDMO services to a wide range of small to mid-sized pharmaceutical and biotech clients. Bend Bioscience was founded in 2006 and is based in Clearwater, Florida.

Buy -
Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.

DEAL STATS #
Overall 45 of 61
Sector: Information Technology M&A 10 of 15
Type: Secondary Buyout M&A Deals 17 of 23
State: North Carolina M&A 2 of 2
Country: United States M&A 34 of 48
Year: 2020 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Blue Stream Fiber

Coral Springs, Florida, United States

Blue Stream Fiber provides customers with advanced broadband and television products all over 100% gigabit-capable networks. The Company offers customers with local and high-touch customer service. Blue Stream Fiber was founded in 1978 and is based in Coral Springs, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 Sectigo

Scottsdale, Arizona, United States

Sectigo is a cybersecurity provider of digital identity solutions, including TLS/SSL certificates, DevOps, IoT, and enterprise-grade PKI management, as well as multi-layered web security. Sectigo partners with organizations of all sizes to deliver automated public and private PKI solutions for securing webservers, user access, connected devices, and applications. Sectigo was founded in 2017 and is based in Scottsdale, Arizona.

Buy -

Seller(S) 2

SELLER

NovaQuest

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

NovaQuest Capital Management is a private equity firm focused on acquiring and investing in growth-stage middle-market healthcare companies. Specific areas of interest include life science, medical technology, healthcare/facility services, and healthcare focused IT. The Firm targets profitable companies valued up to $500 million with $20 to $100 million of revenue. NovaQuest Capital Management was established in 2000 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 2 of 3
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: North Carolina M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 InformedDNA

St. Petersburg, Florida, United States

InformedDNA is a precision health company that provides genomics-driven solutions, including genetic risk assessment, counseling, and testing management for payors, life sciences, and health systems. InformedDNA was founded in 2007 and is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Mileutis

Ness Ziona, Israel

Mileutis is a biopharmaceutical company that focuses on the discovery, development, and commercialization of novel and biologically sourced. The company has developed a line of biopharmaceuticals that are revolutionizing the way veterinarians treat a wide range of diseases. Mileutis is based in Ness Ziona, Israel.

Buy -
SELLER

Research Triangle Institute

Research Triangle Park, North Carolina, United States
Category Company
Founded 1958
Sector Business Services
DESCRIPTION

RTI International is a nonprofit research institutes, dedicated to improving the human condition by turning knowledge into practice.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: North Carolina M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-06 Medical Data Analytics

Parsippany, New Jersey, United States

Medical Data Analytics is a provider of real-world evidence (RWE) generation to the pharmaceutical and biotechnology industry. Medical Data Analytics is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 MGS Engineering Consultants

Olympia, Washington, United States

MGS Engineering Consultants specializes in applications of surface water hydrology using deterministic, probabilistic, and risk-based approaches. MGS Engineering Consultants is based in Olympia, Washington.

Buy -
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