M&A Deal Summary

Precision for Medicine Acquires ApoCell

On October 16, 2018, Precision for Medicine acquired life science company ApoCell from Summit Partners

Acquisition Highlights
  • This is Precision for Medicine’s 5th transaction in the Life Science sector.
  • This is Precision for Medicine’s 6th transaction in the United States.
  • This is Precision for Medicine’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-10-16
Target ApoCell
Sector Life Science
Buyer(s) Precision for Medicine
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

ApoCell

Houston, Texas, United States
ApoCell, Inc. is a molecular diagnostics laboratory that develops proprietary technology to analyze the effectiveness of oncology compounds for large pharmaceutical and biotech companies. ApoCell, Inc. was founded in 2004 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Precision for Medicine

Bethesda, Maryland, United States

Category Company
Founded 2012
Sector Life Science
DESCRIPTION

Precision for Medicine is a specialized healthcare services company that provides product development and commercialization support for pharmaceutical and life sciences businesses.? Precision for Medicine was founded in 2012 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 7 of 10
Sector (Life Science) 5 of 6
Type (Add-on Acquisition) 7 of 10
State (Texas) 1 of 1
Country (United States) 6 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Epiontis

Berlin, Germany

Epiontis GmbH is a provider of an immune monitoring services through a novel, patent-protected epigenetic platform. Epiontis was founded in 2003 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 SimplicityBio SA

Monthey, Switzerland

SimplicityBio SA is AI-based algorithms have been used extensively in the development of complex multiomic signatures and have been the subject of published scientific research on the use of artificial intelligence for biomarker assessment SimplicityBio is based in Monthey, Switzerland.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 232 of 286
Sector (Life Science) 5 of 7
Type (Add-on Acquisition) 103 of 127
State (Texas) 15 of 16
Country (United States) 209 of 246
Year (2018) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Syncron

Stockholm, Sweden

Syncron is a provider of cloud-based solutions that empower after-sales service excellence for large manufacturers. The Syncron Service Cloud, which includes service parts inventory, pricing, and uptime management solutions, is designed to optimize the after-sales supply chain and enable global manufacturers to evolve to subscription-based uptime service models. Syncron was formed in 1999 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Full House Resorts

Las Vegas, Nevada, United States

Full House Resorts, Inc. develops, owns, operates and manages casinos and related hospitality and entertainment facilities in regional U.S. markets. Based in Las Vegas, Full House operates five casino facilities in Mississippi, Colorado, Indiana and Nevada. Each of our gaming properties reflects a unique atmosphere custom-designed for each regional market.

Sell $133M