M&A Deal Summary

Summit Partners Acquires Fortis Life Sciences

On January 1, 2020, growth capital firm Summit Partners acquired life science company Fortis Life Sciences

Acquisition Highlights
  • This is Summit Partners’ 8th transaction in the Life Science sector.
  • This is Summit Partners’ 288th transaction in the United States.
  • This is Summit Partners’ 39th transaction in Massachusetts.

M&A Deal Summary
Date 2020-01-01
Target Fortis Life Sciences
Sector Life Science
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Fortis Life Sciences

Waltham, Massachusetts, United States
Fortis Life Sciences offers world-class products coupled with a best-in-class customer experience. Fortis Life Sciences is a strategic platform company providing capital, expertise, and operational resources to enable the growth and success of founder-led life sciences tools companies. Fortis Life Sciences was established in 2020 and is headquartered in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

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 337 of 387
Sector (Life Science) 8 of 10
Type (Buyout (LBO, MBO, MBI)) 74 of 80
State (Massachusetts) 39 of 42
Country (United States) 288 of 320
Year (2020) 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Beyond Risk

Phoenix, Arizona, United States

Beyond Risk is an independent alternative risk insurance services company focused on helping middle-market and SMB clients manage exposures and reduce the total cost of risk. Beyond Risk was founded in 2020 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 eClinical Solutions

Mansfield, Massachusetts, United States

eClinical Solutions is a provider of cloud-based enterprise software and software-driven clinical data services. The elluminate platform provides life sciences companies with greater control of their clinical trial data. Elluminate software and data-driven services have been used by more than 100 life sciences companies on more than 500 trials. eClinical Solutions was founded in 2006 and is based in Mansfield, Massachusetts.

Buy -
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