M&A Deal Summary

ICON Acquires MolecularMD

On February 21, 2019, ICON acquired life science company MolecularMD from Ballast Point Ventures

Acquisition Highlights
  • This is ICON’s 15th transaction in the Life Science sector.
  • This is ICON’s 16th transaction in the United States.
  • This is ICON’s 1st transaction in Oregon.

M&A Deal Summary

Date 2019-02-21
Target MolecularMD
Sector Life Science
Buyer(s) ICON
Sellers(s) Ballast Point Ventures
Deal Type Add-on Acquisition

Target

MolecularMD

Portland, Oregon, United States
MolecularMD company specializing in clinical development and commercialization of state-of-the-art assays to measure patient response and resistance to targeted cancer therapies. The company serves pharmaceutical and biotech drug developers. MolecularMD was founded in 2005 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

ICON

Dublin, Ireland

Category Company
Founded 1990
Sector Life Science
Employees41,100
Revenue 8.1B USD (2023)
DESCRIPTION

ICON is a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries. The company specialises in the strategic development, management and analysis of programs that support clinical development – from compound selection to Phase I-IV clinical studies. ICON was founded in 1990 and is based in Dublin, Ireland.


DEAL STATS #
Overall 25 of 29
Sector (Life Science) 15 of 16
Type (Add-on Acquisition) 21 of 25
State (Oregon) 1 of 1
Country (United States) 16 of 18
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Mapi Group

Lyon, France

Mapi Group is a provider of health research and commercialization services to life-science companies enabling market authorization, market access and market adoption of novel therapeutics. Mapi is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 MeDiNova Research

Coventry, United Kingdom

MeDiNova Research is a network of 33 active clinical research sites in the UK, Spain, South Africa, Poland, and Romania. The company has experience operating a number of different site models, including dedicated research sites, integrated research sites and working closely with affiliate sites.

Buy -

Seller(S) 1

SELLER

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $1 to $5 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 30 of 32
Sector (Life Science) 3 of 3
Type (Add-on Acquisition) 12 of 12
State (Oregon) 1 of 1
Country (United States) 30 of 32
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 YPrime

Malvern, Pennsylvania, United States

YPrime provides software solutions and consulting services that enable efficient and collaborative clinical trial data collection and information management for biopharmaceutical companies and contract research organizations. YPrime's eClinical suite includes electronic clinical outcome assessments (eCOA), interactive response technology (IRT), and eClinical consulting and integration services. YPrime’s eCOA and IRT solutions are fully supported by experienced project management teams and combine configurability with customizable functionality to meet global clinical trial requirements. YPrime was founded in 2006 and is based in Malvern, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Keen Decision Systems

Research Triangle, North Carolina, United States

Keen Decision Systems is a software-as-a-service company whose unified marketing measurement and optimization platform help marketers make dynamic, data-driven decisions about the most effective marketing investments, by channel, investment level, and timing. Keen Decision Systems is based in Research Triangle, North Carolina.

Buy -