M&A Deal Summary

PPD Acquires Evidera

On September 6, 2016, PPD acquired information technology company Evidera from STG

Acquisition Highlights
  • This is PPD’s 2nd transaction in the Information Technology sector.
  • This is PPD’s 5th transaction in the United States.
  • This is PPD’s 1st transaction in Maryland.

M&A Deal Summary

Date 2016-09-06
Target Evidera
Sector Information Technology
Buyer(s) PPD
Sellers(s) STG
Deal Type Divestiture

Target

Evidera

Bethesda, Maryland, United States
Evidera engages in generating and communicating evidence of product value to inform health care system decisions. For over 30 years, the experts at Evidera have provided health economic, outcomes research, market access, data analytics and epidemiology services and products to life sciences organizations.

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Buyer(S) 1

Buyer

PPD

Wilmington, North Carolina, United States

Category Company
Founded 1985
Sector Life Science
Employees26,000
Revenue 4.7B USD (2020)
DESCRIPTION

PPD is a global contract research organization providing drug discovery, development, and lifecycle management services. Its clients and partners primarily include pharmaceutical and biotechnology companies, in addition to medical device companies, academic institutions, and government organizations. With offices in 44 countries and more than 11,000 professionals worldwide, PPDI applies innovative technologies, therapeutic expertise, and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments. PPD was founded in 1985 and is based in Wilmington, North Carolina.


DEAL STATS #
Overall 8 of 8
Sector (Information Technology) 2 of 2
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 5 of 5
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Synexus

Chorley, United Kingdom

Synexus Ltd. is a global patient enrolment and investigator site management organisations (SMO). It enrols and manages patients for large, complex clinical trials on behalf of a number of leading international pharmaceutical, biotechnology and contract research organisations.

Buy £178M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 BioDuro-Sundia

Irvine, California, United States

BioDuro-Sundia is a global life science contract research and development organization that provides biopharmaceutical clients and partners with comprehensive, fully integrated drug discovery services spanning target identification to IND filing, through to GMP manufacture of drug substance for clinical trials. BioDuro-Sundia was founded in 1996 and is based in Irvine, California.

Sell -

Seller(S) 1

SELLER

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


DEAL STATS #
Overall 14 of 30
Sector (Information Technology) 7 of 13
Type (Divestiture) 2 of 3
State (Maryland) 1 of 1
Country (United States) 9 of 20
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Symphony Talent

New York, New York, United States

Symphony Talent is an omnichannel recruitment marketing and employer branding solution that creates meaningful, personalized employer-talent engagements that move candidates through the full marketing lifecycle, and enables employee engagement, retention, and advocacy. Symphony Talent is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Bond International Software

Goring-by-Sea, United Kingdom

Bond International Software is a global provider of Staffing and Recruitment software with over 40 years of recruitment industry experience. Headquartered in the United Kingdom, with offices in the United States, Australia, Japan, Singapore, China and Hong Kong, Bond has consistently achieved financial growth and maximised investment in the development of technology, services and support provided to its international client base.

Buy -