M&A Deal Summary

River Cities Capital Funds Acquires Cognitive Research

On October 25, 2022, venture capital firm River Cities Capital Funds acquired life science company Cognitive Research

Acquisition Highlights
  • This is River Cities Capital Funds’ 2nd transaction in the Life Science sector.
  • This is River Cities Capital Funds’ 20th transaction in the United States.
  • This is River Cities Capital Funds’ 3rd transaction in Florida.

M&A Deal Summary

Date 2022-10-25
Target Cognitive Research
Sector Life Science
Buyer(s) River Cities Capital Funds
Deal Type Recapitalization
Advisor(s) Wyrick Robbins (Legal)

Target

Cognitive Research

St. Petersburg, Florida, United States
Cognitive Research is a neuroscience clinical research organization (CRO) and cognitive assessment technology company, CRC works with sponsors, specialized clinical trial sites, and CNS experts to bring new drugs through rigorous testing to support FDA submissions and eventual market introduction. Cognitive Research was founded in 2016 and is based in St. Petersburg, Florida.

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Buyer(S) 1

DESCRIPTION

River Cities Capital Funds is a growth equity investment firm focused on healthcare services and information technology companies. River Cities seeks to invest $5 to $15 million in companies with at least $5 million in revenue. The Firm generally targets companies that pursue large, established markets with disruptive, “better, faster, cheaper” solutions. River Cities Capital Funds was established in 1994 and is headquartered in Cincinnati, Ohio.


DEAL STATS #
Overall 20 of 20
Sector: Life Science M&A 2 of 2
Type: Recapitalization M&A Deals 1 of 1
State: Florida M&A 3 of 3
Country: United States M&A 20 of 20
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Standard Bariatrics

Cincinnati, Ohio, United States

Standard Bariatrics is a surgical procedure company focused on the innovative development and commercialization of medical devices. Driven by a passionate group of surgical innovators, the company continues to release surgical solutions designed to address significant market opportunities. Standard Bariatrics was founded in 2014 and is based in Cincinnati, Ohio.

Sell $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 GoCanvas

Reston, Virginia, United States

GoCanvas is a mobile platform that makes it simple for any business to automate how work is done, replacing outdated processes and expensive paperwork. The GoCanvas App works on all smartphones and tablets, helping companies easily collect information across their organization, share it instantly with others and gain real-time insights on their business operations. GoCanvas was founded in 2008 and is based in Reston, Virginia.

Sell -