Secondary Buyout • Life Science

H.I.G. Private Equity Acquires Celerion

On November 3, 2022, private equity firm H.I.G. Private Equity acquired life science company Celerion from Court Square Capital Partners

Acquisition Context
  • This is H.I.G. Private Equity’s 6th transaction in the Life Science sector.
  • This is H.I.G. Private Equity’s 218th transaction in the United States.
  • This is H.I.G. Private Equity’s 1st transaction in Nebraska.

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M&A Deal Summary

Date November 3, 2022
Target Celerion
Sector Life Science
Buyer(s) H.I.G. Private Equity
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lazard
Harris Williams (Financial)
Winston & Strawn (Legal)

Target Company

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 Overview 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


Deal Context for Buyer #
Overall 328 of 385
Sector: Life Science 6 of 7
Type: Secondary Buyout 53 of 73
State: Nebraska 1 of 1
Country: United States 218 of 251
Year: 2022 21 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Taconic Biosciences

Germantown, New York, United States

Taconic Biosciences is a provider of genetically engineered models and service solutions used in life sciences research. Taconic provides murine solutions so that customers can acquire, custom generate, breed, precondition, test, and distribute valuable research models worldwide. Taconic Biosciences was founded in 1952 and is based in Germantown, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 ThoughtFocus

Dallas, Texas, United States

ThoughtFocus is a global provider of digital services and technology enabled digital operations focused primarily on the financial services end market. ThoughtFocus’ technology solutions enable its customers to deploy new capabilities faster, deliver better user experiences, and drive operating efficiencies. ThoughtFocus was founded in 2004 and is based in Dallas, Texas.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 54 of 57
Sector: Life Science 2 of 2
Type: Secondary Buyout 18 of 19
State: Nebraska 1 of 1
Country: United States 51 of 54
Year: 2022 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 DISA

Houston, Texas, United States

DISA specializes in providing a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. DISA was founded in 1986 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-16 Five Star Parks & Attractions

Branson, Missouri, United States

Five Star Parks & Attractions is an operator of a platform created to partner with and invest in family entertainment centers (FECs), instituting positive changes aimed at creating superior entertainment experiences for families. Five Star Parks & Attractions was founded in 2021 and is based in Branson, Missouri.

Buy -