Recapitalization • Information Technology

H.I.G. Private Equity Acquires Navitas Life Sciences

On September 13, 2022, private equity firm H.I.G. Private Equity acquired information technology company Navitas Life Sciences

Acquisition Context
  • This is H.I.G. Private Equity’s 23rd transaction in the Information Technology sector.
  • This is H.I.G. Private Equity’s 215th transaction in the United States.
  • This is H.I.G. Private Equity’s 4th transaction in Maryland.

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M&A Deal Summary

Date September 13, 2022
Target Navitas Life Sciences
Sector Information Technology
Buyer(s) H.I.G. Private Equity
Deal Type Recapitalization

Target Company

Navitas Life Sciences

Gaithersburg, Maryland, United States
Navitas Life Sciences is a global technology-enabled clinical research organization (CRO) providing outsourced data science (including biostatistics, statistical programming, and data management), regulatory & safety services (including software and monitoring), and other full-service CRO capabilities to blue-chip large and mid-sized pharmaceutical and government clients. The Company’s functional service expertise optimizes the clinical trial process, drives cost efficiencies for its clients, and ensures adherence to regulatory compliance requirements. Its global operations span the United States, India, Europe, and South America. Navitas Life Sciences is based in Gaithersburg, Maryland.
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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 325 of 385
Sector: Information Technology 23 of 28
Type: Recapitalization 24 of 25
State: Maryland 4 of 6
Country: United States 215 of 251
Year: 2022 18 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 CPS

Over, United Kingdom

CPS provides installation and maintenance services across heating, cooling, ventilation, and electrical systems to clients in the healthcare, life sciences, defense, and education end-markets. CPS was founded in 1995 and is based in Over, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Northern Biogas

Morgantown, West Virginia, United States

Northern Biogas is a waste-to-renewable natural gas company, specializing in the development, construction, and operation of renewable natural gas (“RNG”) facilities that represent sustainable, clean energy solutions for waste generated from dairies, landfills, and other facilities producing organic waste, including food waste. Northern Biogas is based in Morgantown, West Virginia.

Buy -