M&A Deal Summary

Norstella Acquires Evaluate

On May 3, 2022, Norstella acquired information services company Evaluate from HgCapital and Unigestion

Acquisition Highlights
  • This is Norstella’s 1st transaction in the Information Services sector.
  • This is Norstella’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-05-03
Target Evaluate
Sector Information Services
Buyer(s) Norstella
Sellers(s) HgCapital
Unigestion
Deal Type Add-on Acquisition

Target

Evaluate

London, United Kingdom
Evaluate is a provider of commercial intelligence to the global life sciences industry. Evaluate is the trusted provider of mission critical commercial information for complex business decisions to the pharmaceutical industry. Evaluate’s core product is an industry leading set of analyst consensus forecasts that provides detailed insights at the product, disease, indication and geographic level. Evaluate creates value by structuring, normalising and integrating data from company filings, research organisations, and government bodies and providing tools that drive analytical insights from data. Evaluate was the first mover in this particular space and is a leading provider today. Evaluate was founded in 1996 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Norstella

Yardley, Pennsylvania, United States
Category Company
Sector Information Technology
DESCRIPTION

Norstella is a global pharma intelligence solutions provider. Norstella helps life sciences clients navigate complexities at each step of the drug development life cycle, from pipeline to patient. Norstella is based in Yardley, Pennsylvania.

DEAL STATS #
Overall 1 of 2
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2022) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Citeline

New York, New York, United States

Citeline is a provider of specialist intelligence, data, and software for clinical trials, drug development, and regulatory compliance. Citeline is based in New York City.

Buy -

Seller(S) 2

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 84 of 93
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 40 of 45
Country (United Kingdom) 44 of 47
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Lucanet

Berlin, Germany

LucaNet is a provider of end-to-end CPM software solutions simplifying data management, reporting & compliance for finance teams worldwide. Lucanet was founded in 1999 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 itm8

Herning, Denmark

itm8 is a provider of IT outsourcing focused at smaller businesses. itm8 provides services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. itm8 was founded in 2003 and is based in Herning, Denmark.

Sell -
SELLER

Unigestion

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Unigestion is an asset manager with a private equity division focused on global mid-market companies across Europe, North America, and Asia. Unigestion considers direct investments in established companies, secondary position acquisitions, and investments in emerging fund managers. The Firm invests in a variety of industries including industrials, agriculture, distribution, logistics, utilities, software, education, nutrition, leisure, and healthcare. Unigestion was founded in 1971 and is based in Geneva, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Excel Scientific

Victorville, California, United States

Excel Scientific is a manufacturer of microplate sealing films and foils used by life science research, university, and testing laboratories as well as biotech companies, pharmaceutical companies, and diagnostic providers. Excel Scientific was founded in 1992 and is based in Victorville, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 Avania

Boston, Massachusetts, United States

Avania is an integrated global, full-service CRO with specialized expertise in medical devices, novel technology, and combination products. It advances products from feasibility all the way through post-approval trials in analytics, clinical trials, consulting, regulatory, reimbursement, and more. Avania was founded in 1988 and is based in Boston, Massachusetts.

Buy -
Mergr

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