M&A Deal Summary

TPG Acquires Novotech

On August 25, 2017, private equity firm TPG acquired life science company Novotech from Mercury Capital Pty. for 300M USD

Acquisition Highlights
  • This is TPG’s 37th transaction in the Life Science sector.
  • This is TPG’s 93rd largest (disclosed) transaction.
  • This is TPG’s 4th transaction in Australia.

M&A Deal Summary
Date 2017-08-25
Target Novotech
Sector Life Science
Buyer(s) TPG
Sellers(s) Mercury Capital Pty.
Deal Type Secondary Buyout
Deal Value 300M USD

Target

Novotech

Sydney, Australia
Novotech is a full-service contract research organization (CRO). Novotech has been instrumental in the success of hundreds of Phase I - IV clinical trials in the Asia Pacific region. Novotech was founded in 1997 and is based in Sydney, Australia.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 297 of 421
Sector (Life Science) 37 of 44
Type (Secondary Buyout) 39 of 72
Country (Australia) 4 of 6
Year (2017) 22 of 35
Size (of disclosed) 93 of 105
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Transplace

Frisco, Texas, United States

Transplace is a provider of managed transportation, supply chain consulting and transportation management systems (TMS) technology solutions, as well as other intermodal, truck brokerage, and cross-border trade services. Providing manufacturers, retailers, chemical and consumer-packaged goods companies with the optimal blend of logistics technology and transportation management services, Transplace delivers integrated solutions tailored to meet customers’ in-country and cross-border supply chain needs. Transplace was founded in 2000 and is based in Frisco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Campus Activewear

New Delhi, India

Campus Activewear is organized sports & casual footwear sector in India. The flagship brand “Campus”, in recent years, has emerged as the largest domestic sports and casual footwear brand in India. The company’s products are available via an expansive pan-India network of over 15,000 multi-brand retail stores, company-owned exclusive outlets, and e-commerce portals. Campus Activewear was founded in 2005 and is based in New Delhi, India.

Buy -

Seller(S) 1

SELLER

Mercury Capital Pty.

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 400M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mercury Capital is a private equity group focused on investing in established private businesses operating in Australia and New Zealand. Mercury looks to acquire controlling positions for a variety of situations, including succession plannings, expansion financings, recapitalizations, as well as partnering with existing management or owners to help drive growth. Mercury raised it's debut fund in 2010.

DEAL STATS #
Overall 2 of 3
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Australia) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Nexus Day Hospitals

Crows Nest, Australia

Nexus Day Hospitals is an aggregation of Australian day hospitals performing ophthalmology, endoscopy, plastic surgery, ENT, orthopaedics, general surgery, dental surgery and other procedures. It was established in September 2013 and is based in Crows Nest, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-17 Bauer Media Group - Australian and New Zealand Business

Australia

Bauer Media Group - Australian and New Zealand Business include the Australian magazine publishing licenses to titles including Harpers Bazaar, Elle, Marie Claire, and InStyle.

Buy -
Mergr

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