M&A Deal Summary

Hangzhou Tigermed Consulting Co Acquires Frontage Laboratories

On July 30, 2014, Hangzhou Tigermed Consulting Co acquired life science company Frontage Laboratories from Baird Capital

Acquisition Highlights
  • This is Hangzhou Tigermed Consulting Co’s 1st transaction in the Life Science sector.
  • This is Hangzhou Tigermed Consulting Co’s 1st transaction in the United States.
  • This is Hangzhou Tigermed Consulting Co’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2014-07-30
Target Frontage Laboratories
Sector Life Science
Buyer(s) Hangzhou Tigermed Consulting Co
Sellers(s) Baird Capital
Deal Type Add-on Acquisition

Target

Frontage Laboratories

Exton, Pennsylvania, United States
Frontage is a US - China contract research organization that provides research services to facilitate pharmaceutical discovery, development and commercialization for large and emerging pharmaceutical and biotechnology companies. The Company has facilities in Pennsylvania (Malvern and Exton) and in China (Shanghai).

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Buyer(S) 1

Buyer

Hangzhou Tigermed Consulting Co

Hangzhou, China

Category Company
Founded 2004
Sector Life Science
DESCRIPTION

Hangzhou Tigermed Consulting Co., Ltd. operates as a contract research organization in the People’s Republic of China.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 27 of 50
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 18 of 31
State (Pennsylvania) 2 of 3
Country (United States) 27 of 44
Year (2014) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-23 XLerate Group

Carmel, Indiana, United States

XLerate Group is an auction and remarketing facilitation company facilitating transactions between buyers and sellers at its Internet-enabled physical and private label remote sales in California, Texas, Florida, South Carolina, Michigan, Wisconsin, Georgia, Illinois, and Pennsylvania. XLerate Group was founded in 2010 and is based in Carmel, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Elevate Patient Financial Solutions

Spring, Texas, United States

Elevate Patient Financial Solutions is a provider of technology-enabled revenue cycle management services for hospitals, health systems, and healthcare providers. Elevate Patient Financial Solutions proprietary technology platform offers a unified suite of solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. For four decades, the company has been providing innovative solutions to the medical community and serving hundreds of millions of patients across numerous medical specialties. Elevate Patient Financial Solutions was founded in 1980 and is based in Spring, Texas.

Sell -