M&A Deal Summary

Northlane Capital Partners Acquires Firma Clinical Research

On July 16, 2018, private equity firm Northlane Capital Partners acquired life science company Firma Clinical Research from Thompson Street Capital Partners

Acquisition Highlights
  • This is Northlane Capital Partners’ 3rd transaction in the Life Science sector.
  • This is Northlane Capital Partners’ 8th transaction in the United States.
  • This is Northlane Capital Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2018-07-16
Target Firma Clinical Research
Sector Life Science
Buyer(s) Northlane Capital Partners
Sellers(s) Thompson Street Capital Partners
Deal Type Secondary Buyout

Target

Firma Clinical Research

Chicago, Illinois, United States
Firma Clinical Research is a contract research organization (CRO), providing outsourced product development services to pharmaceutical, biotechnology, and medical device companies. Firma Clinical Research provides outsourced services including preclinical assessment, clinical development, clinical pharmacology, translational medicine, medical writing, and regulatory submission and lifecycle management in support of global pharmaceutical, biotechnology, and medical device companies. Firma Clinical Research was founded in 2013 and is based in Chicago, Illinois.

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Buyer(S) 1

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 8 of 15
Sector (Life Science) 3 of 3
Type (Secondary Buyout) 3 of 6
State (Illinois) 2 of 2
Country (United States) 8 of 15
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Winmo

Atlanta, Georgia, United States

Winmo is a provider of sales intelligence content used by business development professionals who target national advertisers and their agencies across the U.S. and the U.K. The company provides participants in the advertising sales market with a proprietary dataset allowing them to quickly identify and engage the most relevant advertising, media and marketing decision makers at the largest brands, their respective agencies and advertising technology partners. The dataset is delivered through a software-as-a-service platform that seamlessly integrates into business development professionals’ daily workflow. Winmo was founded in 1995 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Discovery Data

Eatontown, New Jersey, United States

Discovery Data is a provider of information services used to identify and reach firms and professionals in the financial services and insurance industries for effective product distribution, recruitment, and targeted marketing campaigns. Discovery Data was founded in 2002 and is based in Eatontown, New Jersey.

Buy -

Seller(S) 1

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 26 of 47
Sector (Life Science) 2 of 2
Type (Secondary Buyout) 10 of 17
State (Illinois) 5 of 6
Country (United States) 26 of 47
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Global Software

Raleigh, North Carolina, United States

Global Software, Inc. is a provider of Microsoft Excel-based automation and reporting software solutions, including its flagship product Spreadsheet Server. Spreadsheet Server enables users to access operational and financial data across multiple platforms from within an Excel spreadsheet in order to produce dynamic reports with powerful drill-down capabilities. The Company’s core software offerings integrate with more than 60 leading enterprise resource planning platforms and automate data analytic processes for business and financial professionals. Global Software supports more than 2,500 customers and 50,000 users across more than 50 countries in enterprises ranging from small businesses to Fortune 500 firms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-29 Savillex

Eden Prairie, Minnesota, United States

Savillex is a designer and manufacturer of advanced fluoropolymer products (PFA) for the geochemistry, environmental, semiconductor, chemical, aerospace and pharmaceutical industries. Savillex is based in Eden Prairie, Minnesota.

Buy -