M&A Deal Summary

LTS Acquires Renaissance

On October 13, 2025, LTS acquired manufacturer Renaissance from RoundTable Healthcare Management

Acquisition Highlights
  • This is LTS’s 1st transaction in the Manufacturing sector.
  • This is LTS’s 2nd transaction in the United States.
  • This is LTS’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2025-10-13
Target Renaissance
Sector Manufacturing
Buyer(s) LTS
Sellers(s) RoundTable Healthcare Management
Deal Type Add-on Acquisition

Target

Renaissance

Lakewood, New Jersey, United States
Renaissance is a US-based contract development and manufacturing organization (CDMO) for pharmaceutical and biotech. It has a track record of providing exceptional service and resources to clients from the development stage through commercial launch. Renaissance Lakewood was founded in 2010 and is based in Lakewood, New Jersey.

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Buyer(S) 1

Buyer

LTS

Andernach, Germany

Category Company
Founded 1984
Sector Life Science
DESCRIPTION

LTS is a pharmaceutical technology company that develops and manufactures innovative drug delivery systems such as Transdermal Patches ("TTS") and Oral Thin Films ("OTF") for the pharmaceutical industry. LTS maintains its leading position through the continuous refinement of its core TTS and OTF technologies and by advancing emerging drug delivery technologies, including Micro Array Patches (MAP) for the transdermal delivery of large molecule, biological actives, and vaccines. LTS was founded in 1984 and is based in Andernach, Germany.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-19 Tapemark

Saint Paul, Minnesota, United States

Tapemark is a full-service CDMO specializing in the innovation of transdermal, oral thin film, and unit dose semi-solid drug delivery. Tapemark was founded in 1952 and is based in Saint Paul, Minnesota.

Buy -

Seller(S) 1

SELLER

RoundTable Healthcare Management

Lake Forest, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.9B USD
Size Large
Type Sector Focused
DESCRIPTION

RoundTable Healthcare Partners is a specialist private equity firm that targets equity and junior capital investments in the healthcare industry. Specific areas of interest include medical devices, medical products and disposables, specialty pharmaceuticals, medication delivery systems, specialty distribution, and outsourced healthcare services. RoundTable typically makes equity investments of approximately $5 to $50 million in platform companies with revenues ranging from $25 to $300 million. RoundTable will not invest in service-oriented provider segments (such as managed care companies, hospitals or nursing homes), internet or biotechnology companies, or start-up/venture situations. RoundTable was formed in 2001 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 23 of 24
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 15
State: New Jersey M&A 3 of 3
Country: United States M&A 22 of 23
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 EHOB

Indianapolis, Indiana, United States

EHOB specializes in pressure injury prevention and patient positioning solutions. EHOB was founded in 1985 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-21 Designs for Health

Palm Coast, Florida, United States

Designs for Health offers dietary supplements and functional foods to healthcare professionals and their patients. The company creates research-driven formulations with meaningful quantities of therapeutic ingredients that maximize the potential for successful health outcomes. Designs for Health was founded in 1989 and is based in Palm Coast, Florida.

Sell -