Investment Summary

Penn Venture Partners Exits Benten BioServices

On December 10, 2009, Deltagen invested in life science company Benten BioServices from Penn Venture Partners

Investment Highlights
  • This is Deltagen’s 1st transaction in the Life Science sector.
  • This is Deltagen’s 1st transaction in the United States.
  • This is Deltagen’s 1st transaction in Pennsylvania.

Investment Summary

Date 2009-12-10
Target Benten BioServices
Sector Life Science
Investor(s) Deltagen
Sellers(s) Penn Venture Partners
Deal Type Add-on Acquisition

Target

Benten BioServices

Malvern, Pennsylvania, United States
Benten BioServices, Inc. is an emerging Pennsylvania-based contract services organization developed to offer a comprehensive suite of regulatory-compliant manufacturing and testing services to support the development and commercialization of biopharmaceutical products.

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Investor(S) 1

Investor

Deltagen

San Mateo, California, United States

Category Company
Sector Medical Products
DESCRIPTION

Deltagen, Inc. is a provider of drug discovery and screening tools to the biopharmaceutical industry. Deltagen offers access to its extensive inventory of knockout mouse lines and related phenotypic data, which enhance the efficiency of target validation and drug discovery.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 1

SELLER

Penn Venture Partners

Harrisburg, Pennsylvania, United States

Category Venture Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Penn Venture Partners is a private investment firm that seeks growth capital investments in small companies located in central Pennsylvania. Penn looks to invest between $500,000 and $2 million in established companies that are at or near profitability and that have a net worth no greater than $6 million. The Firm's investment horizon is two to five years. Penn Venture will consider investments in a broad range of industries ranging from manufacturing to technology. Penn Venture Partners is based in Harrisburg, Pennsylvania.


DEAL STATS #
Overall 1 of 3
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 3
Country: United States M&A 1 of 3
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-03 eTravCo

State College, Pennsylvania, United States

eTravCo, Inc. is an e-commerce company that links travel suppliers to consumers using the power of the internet and one of the largest consortia of travel agencies in North America. eTravCo was founded in 2001 and is based in State College, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-22 Benten BioServices

Malvern, Pennsylvania, United States

Benten BioServices, Inc. is an emerging Pennsylvania-based contract services organization developed to offer a comprehensive suite of regulatory-compliant manufacturing and testing services to support the development and commercialization of biopharmaceutical products.

Buy -