M&A Deal Summary

Permira Acquires LSNE

On March 27, 2017, private equity firm Permira acquired life science company LSNE from Clairvest Group

Acquisition Highlights
  • This is Permira’s 1st transaction in the Life Science sector.
  • This is Permira’s 20th transaction in the United States.
  • This is Permira’s 1st transaction in New Hampshire.
Investment Fate
  • LSNE was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2017-03-27
Target LSNE
Sector Life Science
Buyer(s) Permira
Sellers(s) Clairvest Group
Deal Type Secondary Buyout

Target

LSNE

Bedford, New Hampshire, United States
LSNE is a contract development and manufacturing organization for the pharmaceutical and medical device markets, specializing in aseptic fill/finish and lyophilization services. LSNE was founded in 1997 and is based in Bedford, New Hampshire.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 109 of 168
Sector: Life Science M&A 1 of 7
Type: Secondary Buyout M&A Deals 22 of 45
State: New Hampshire M&A 1 of 1
Country: United States M&A 20 of 46
Year: 2017 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-09 Alter Domus

Luxembourg, Luxembourg

Alter Domus is a provider of fund administration and corporate services to the alternative investment industry. Alter Domus was founded in 2003 and is based in Luxembourg, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Food & Life Companies

Suita, Japan

Food & Life Companies operates sushi restaurants in Japan and greater Asia. It was positioned in the value format revolving sushi segment (in which the product moves on a conveyor belt). The company operates more than 450 sushi restaurants in Japan and 7 in Korea. Food & Life Companies was founded in 1975 and is based in Suita, Japan.

Sell -

Seller(S) 1

SELLER

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 16 of 31
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 7
State: New Hampshire M&A 1 of 1
Country: United States M&A 6 of 17
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Cieslok Media

Toronto, Ontario, Canada

Cieslok Media Ltd. is a outdoor advertising firm, operating predominantly large format digital and static billboards throughout major cities in Canada. The company is led by esteemed entrepreneur Jörg Cieslok, who over the last 24 years played a major role in shaping the landscape of outdoor advertising in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Head Digital Works

Hyderabad, India

Head Digital Works is an online skill-based gaming platform. Head Digital Works operates Ace2Three, the leading online skill based gaming platform in India providing distinctive online Rummy experiences to over 8 million customers. Head Digital Works was founded in 2006 and is based in Hyderabad, India.

Buy -