M&A Deal Summary

Linden Capital Partners and Northlane Capital Partners Acquire Advarra

On November 7, 2017, private equity firms Linden Capital Partners and Northlane Capital Partners acquired life science company Advarra

Acquisition Highlights
  • This is Linden Capital Partners’ 5th and Northlane Capital Partners’ 2nd transaction in the Life Science sector.
  • This is Linden Capital Partners’ 26th and Northlane Capital Partners’ 5th transaction in the United States.
  • This is Linden Capital Partners’ 2nd and Northlane Capital Partners’ 1st transaction in Maryland.
Investment Fate
  • Advarra was sold to a consortium of financial buyers in 2019.
  • Advarra was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2017-11-07
Target Advarra
Sector Life Science
Buyer(s) Linden Capital Partners
Northlane Capital Partners
Deal Type Consolidation

Target

Advarra

Columbia, Maryland, United States
Advarra is a provider of IRB, IBC, and compliance consulting services in North America. Fully accredited by AAHRPP, the company serves pharmaceutical, biotechnology, and medical device research sponsors and contract research organizations (CROs), as well as academic medical centers, hospital systems, investigative site networks, and patient advocacy groups. Advarra was founded in 1983 and is based in Columbia, Maryland.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 26 of 48
Sector: Life Science M&A 5 of 10
Type: Consolidation M&A Deals 1 of 1
State: Maryland M&A 2 of 4
Country: United States M&A 26 of 47
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Chesapeake IRB

Columbia, Maryland, United States

Chesapeake Research Review, Inc. is a provider of independent IRB services for pharmaceutical companies, universities, individual researchers, academic medical centers, and community hospitals. Chesapeake Research Review was formed in 1993 and is based in Columbia, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Young

Algonquin, Illinois, United States

Young develops, manufactures and markets supplies and equipment used by dentists, dental hygienists, dental assistants, and consumers. The Company's consumables product offering includes disposable and metal prophy angles, prophy cups and brushes, dental micro-applicators, moisture control products, infection control products, dental handpieces (drills) and related components, endodontic systems, orthodontic toothbrushes, flavored examination gloves, children's toothbrushes, and children's toothpastes. Young was founded in 1995 and is based in Algonquin, Illinois.

Sell -
Buyer

Northlane Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Northlane Capital Partners is a private equity firm focused on acquiring mid-sized companies in the healthcare and business services sectors. The Firm looks to invest $25 to $150 million in profitable businesses valued up to $300 million. Northlane prefers companies with defensible market positions, recurring revenue business models, strong prospects for growth, and products with inelastic prices. Northlane Capital Partners was formed in 2014 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 5 of 17
Sector: Life Science M&A 2 of 4
Type: Consolidation M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 5 of 17
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 PAR Excellence

Cincinnati, Ohio, United States

PAR Excellence offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. PAR Excellence was founded in 1992 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Multi-Tech Systems

Mounds View, Minnesota, United States

Multi-Tech Systems designs, develops and manufactures components, devices and end-to-end solutions for the industrial and commercial Internet of Things. Offerings include first-to-market innovations in low power, wireless access and broadband, low-latency communication technologies, machine protocols, integrated sensors and mobile applications which enable monitoring and management of smart assets, durables and industrial consumables. Multi-Tech Systems was founded in 1994 and is based in Mounds View, Minnesota.

Buy -