M&A Deal Summary

Gurnet Point Capital and Webster Equity Partners Acquire Corium Innovations

On October 20, 2022, private equity firms Gurnet Point Capital and Webster Equity Partners acquired life science company Corium Innovations

Acquisition Highlights
  • This is Gurnet Point Capital’s 4th and Webster Equity Partners’ 3rd transaction in the Life Science sector.
  • This is Gurnet Point Capital’s 6th and Webster Equity Partners’ 44th transaction in the United States.
  • This is Gurnet Point Capital’s 1st and Webster Equity Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2022-10-20
Target Corium Innovations
Sector Life Science
Buyer(s) Gurnet Point Capital
Webster Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Corium Innovations

Grand Rapids, Michigan, United States
Corium Innovations is a full-service contract development and manufacturing organization specializing in novel drug delivery technologies, including transdermal modalities. Corium Innovations is based in Grand Rapids, Michigan.

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Buyer(S) 2

DESCRIPTION

Gurnet Point Capital is private investment group focused on the healthcare and life sciences sectors. The Firm looks to invest across all stages of product development through to commercialization and does so with an approach that is a hybrid of venture and private equity investing strategies. Gurnet Point Capital was formed in 2015 and is headquartered in Cambridge, Massachusetts.


DEAL STATS #
Overall 6 of 7
Sector (Life Science) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Michigan) 1 of 1
Country (United States) 6 of 7
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Radius Health

Boston, Massachusetts, United States

Radius Health is a global biopharmaceutical company focused on addressing unmet medical needs in the areas of bone health, neuro- orphan diseases, and oncology. Radius’ lead product, TYMLOS® (abaloparatide) injection, was approved by the U.S. Food and Drug Administration for the treatment of postmenopausal women with osteoporosis at high risk for fracture. Radius Health was founded in 2003 and is based in Boston, Massachusetts.

Buy $890M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Paratek Pharmaceuticals

King of Prussia, Pennsylvania, United States

Paratek Pharmaceuticals is a bio-pharmaceutical company focused on the development and commercialization of innovative therapies based upon its expertise in novel tetracycline chemistry. Paratek Pharmaceuticals was founded in 1996 and is based in King of Prussia, Pennsylvania.

Buy $462M
Buyer

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 46 of 48
Sector (Life Science) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 25 of 26
State (Michigan) 1 of 1
Country (United States) 44 of 46
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Radius Health

Boston, Massachusetts, United States

Radius Health is a global biopharmaceutical company focused on addressing unmet medical needs in the areas of bone health, neuro- orphan diseases, and oncology. Radius’ lead product, TYMLOS® (abaloparatide) injection, was approved by the U.S. Food and Drug Administration for the treatment of postmenopausal women with osteoporosis at high risk for fracture. Radius Health was founded in 2003 and is based in Boston, Massachusetts.

Buy $890M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 TriValley Medical Group

Murrieta, California, United States

TriValley Medical Group is a physician platform that provides primary care and population health management services to Senior and Commercial members. TriValley Medical Group is based in Murrieta, California.

Buy -