M&A Deal Summary

Great Point Partners Acquires Tergus Pharma

On June 7, 2019, private equity firm Great Point Partners acquired life science company Tergus Pharma

Acquisition Highlights
  • This is Great Point Partners’ 11th transaction in the Life Science sector.
  • This is Great Point Partners’ 20th transaction in the United States.
  • This is Great Point Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2019-06-07
Target Tergus Pharma
Sector Life Science
Buyer(s) Great Point Partners
Deal Type Recapitalization

Target

Tergus Pharma

Durham, North Carolina, United States
Tergus Pharma is an end-to-end service provider for topical pharmaceutical research, drug development, testing, and manufacturing companies. The company delivers quality results to clients from formulation through manufacturing, which is why people say, “Think Topicals, Think Tergus.” A systematic and scientific approach is used to thoroughly understand product components, processing, and finished product attributes to ensure high-quality products throughout the course of development. It helps clients achieve a balance between a fast-tracked program and quality science. Tergus Pharma was founded in 1995 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

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 25 of 35
Sector (Life Science) 11 of 14
Type (Recapitalization) 10 of 15
State (North Carolina) 1 of 1
Country (United States) 20 of 28
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Axiom Real-Time Metrics

Mississauga, Ontario, Canada

Axiom Real-Time Metrics is an e-clinical technology company that focuses on Electronic Data Capture (“EDC”), Data Management (“DM”), Clinical Trial Management Systems (“CTMS”), Randomization (“IWRS”), Electronic Patient Reported Outcomes (“ePRO”) and other technology and service solutions for biotechnology and pharmaceutical sponsors conducting clinical trials. Axiom Real-Time Metrics was founded in 2001 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 SteriPack

Mullingar, Ireland

SteriPack is a contract manufacturing and value-added service provider to the medical device and pharmaceutical (primarily drug-device combination products) industries. Serving some of the largest names in the medical device industry, the Company has experienced impressive customer retention and provides the highest quality and customer service. SteriPack is headquartered in Mullingar, Ireland.

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