M&A Deal Summary

NovaQuest and Research Triangle Institute Acquire Clinical Ink

On May 14, 2018, private equity firm NovaQuest and Research Triangle Institute acquired information technology company Clinical Ink

Acquisition Highlights
  • This is NovaQuest’s 1st and Research Triangle Institute’s 1st transaction in the Information Technology sector.
  • This is NovaQuest’s 4th and Research Triangle Institute’s 5th transaction in the United States.
  • This is NovaQuest’s 2nd and Research Triangle Institute’s 1st transaction in North Carolina.
Investment Fate
  • Clinical Ink was sold to a consortium of buyers in 2020.

M&A Deal Summary

Date 2018-05-14
Target Clinical Ink
Sector Information Technology
Buyer(s) NovaQuest
Research Triangle Institute
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Baird (Financial)
Hogan Lovells (Legal)

Target

Clinical Ink

Winston-Salem, North Carolina, United States
Clinical Ink is a clinical technology company that delivers data certainty from source to submission. Its Lunexis™ eSource platform with configurable Direct Data Capture, eCOA, ePRO, and eConsent modules enables real-time electronic data collection from sites, clinicians, and patients, streamlining workflows, reducing manual effort, and optimizing trial efficiency. Clinical Ink was founded in 2007 and is based in Winston-Salem, North Carolina.

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Buyer(S) 2

Buyer

NovaQuest

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

NovaQuest Capital Management is a private equity firm focused on acquiring and investing in growth-stage middle-market healthcare companies. Specific areas of interest include life science, medical technology, healthcare/facility services, and healthcare focused IT. The Firm targets profitable companies valued up to $500 million with $20 to $100 million of revenue. NovaQuest Capital Management was established in 2000 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 4 of 14
Sector: Information Technology M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 5
State: North Carolina M&A 2 of 6
Country: United States M&A 4 of 11
Year: 2018 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Azurity Pharmaceuticals

Woburn, Massachusetts, United States

Azurity Pharmaceuticals is a privately held, specialty pharmaceutical company focusing on the development and commercialization of value-added proprietary drug products and technologies in the prescription compounding sector of the pharmaceutical industry. Azurity Pharmaceuticals was founded in 1998 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-15 Generate Life Sciences

Los Angeles, California, United States

Generate Life Sciences is a life sciences company helping to grow and protect families through reproductive, newborn stem cell, genetic screening, medical device, and healthcare technology services. The company serves families from preconception to post-birth. Its brands CBR (Cord Blood Registry), California Cryobank, Donor Egg Bank USA, NW Cryobank, ReadyGen, Kitazato USA, and Donor Application are pioneering leaders that have helped nearly one million families. Headquartered in Los Angeles, Generate operates facilities in Tucson, New York, Boston, Palo Alto, and Rockville, MD.

Sell -
Buyer

Research Triangle Institute

Research Triangle Park, North Carolina, United States

Category Company
Founded 1958
Sector Business Services
DESCRIPTION

RTI International is a nonprofit research institutes, dedicated to improving the human condition by turning knowledge into practice.


DEAL STATS #
Overall 7 of 9
Sector: Information Technology M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 5 of 7
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 International Resources Group

Washington, District of Columbia, United States

International Resources Group Ltd. is a provider of specialized management, policy and training support to U.S. government agencies and international development organizations in the areas of energy, environment and natural resource management, relief and reconstruction, and economic development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-06 Medical Data Analytics

Parsippany, New Jersey, United States

Medical Data Analytics is a provider of real-world evidence (RWE) generation to the pharmaceutical and biotechnology industry. Medical Data Analytics is based in Parsippany, New Jersey.

Buy -