Investment Summary

Hendricks Holding Invests In Gem Pharmaceuticals

On March 19, 2014, family office Hendricks Holding invested in life science company Gem Pharmaceuticals

Investment Highlights
  • This is Hendricks Holding’s 1st transaction in the Life Science sector.
  • This is Hendricks Holding’s 13th transaction in the United States.
  • This is Hendricks Holding’s 1st transaction in Alabama.

Investment Summary

Date 2014-03-19
Target Gem Pharmaceuticals
Sector Life Science
Investor(s) Hendricks Holding
Deal Type Stake Purchase

Target

Gem Pharmaceuticals

Birmingham, Alabama, United States
GEM Pharmaceuticals is a biopharmaceutical company engaged in the development and commercialization of novel anthracycline for the treatment of cancers and inflammation. The company has discovered a compound known as GPX-150 which has been proven to avoid cardiotoxic effects commonly associated with chemotherapy. Gem Pharmaceuticals was founded in 2003 and is based in Birmingham, Alabama.

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Investor(S) 1

Investor

Hendricks Holding

Beloit, Wisconsin, United States

Investor Investor Investor Investor Investor


Category Family Office
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hendricks Holding Co. is a private investment group created to manage the investing activity of the Hendricks family, founders of ABC Supply Co., Inc. HH looks to acquire controlling interests in businesses operating in a range of industries, including building materials, manufacturing, industrial products, transportation, insurance, and real estate. Hendricks Holding, (formerly Amfinity Capital) was formed in 2001 and is based in Beloit, Wisconsin.


DEAL STATS #
Overall 14 of 15
Sector: Life Science M&A 1 of 1
Type: Stake Purchase M&A Deals 7 of 8
State: Alabama M&A 1 of 1
Country: United States M&A 13 of 14
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Gateway Insurance Co.

St. Louis, Missouri, United States

Gateway Insurance Co. is a specialty insurance carrier that provides coverage in market niches that include: Commercial Transportation, Contractors, and Specialty Commercial insurance including Workers Compensation, General Liability and Automobile Liability for some of the Hendricks companies. Gateway Insurance was founded in 1946 and is based in St. Louis, Missouri.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 American Westbrook Insurance Services

Westchester, Illinois, United States

American Westbrook Insurance Services, LLC provides a single source for businesses’ insurance needs in the Midwest. The company is contracted with top-rated carriers, providing agency partners and clients with the best products and services available in the industry today.

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