M&A Deal Summary

Vistria Group and GHO Capital Partners Acquire Alcami

On November 8, 2022, private equity firms Vistria Group and GHO Capital Partners acquired life science company Alcami from Madison Dearborn Partners and Ampersand Capital Partners

Acquisition Highlights
  • This is Vistria Group’s 5th and GHO Capital Partners’ 12th transaction in the Life Science sector.
  • This is Vistria Group’s 26th and GHO Capital Partners’ 8th transaction in the United States.
  • This is Vistria Group’s 2nd and GHO Capital Partners’ 3rd transaction in North Carolina.

M&A Deal Summary

Date 2022-11-08
Target Alcami
Sector Life Science
Buyer(s) Vistria Group
GHO Capital Partners
Sellers(s) Madison Dearborn Partners
Ampersand Capital Partners
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley (Financial)
Kirkland & Ellis (Legal)

Target

Alcami

Wilmington, North Carolina, United States
Alcami is a fully-integrated end-to-end contract development and manufacturing organization. Alcami serves pharmaceutical and biotech companies of all sizes providing customizable and innovative solutions for analytical development, clinical to commercial sterile and oral solid manufacturing, packaging, microbiology, cGMP biostorage, environmental monitoring, and pharmaceutical support services. Alcami was founded in 1979 and is based in Wilmington, North Carolina.

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Buyer(S) 2

DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.


DEAL STATS #
Overall 26 of 29
Sector (Life Science) 5 of 5
Type (Secondary Buyout) 10 of 13
State (North Carolina) 2 of 2
Country (United States) 26 of 29
Year (2022) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Sandstone Care

Denver, Colorado, United States

Sandstone Care is a provider of high-quality care for young people with a variety of behavioral and mental health conditions including depression, anxiety, suicidal tendencies, substance use disorder, or any set of co-occurring conditions. Sandstone Care was founded in 2015 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 MGT

Tampa, Florida, United States

MGT is a provider of social impact and performance improvement solutions for public agencies, philanthropic organizations, and Fortune 500 companies across the U.S. and abroad. The company has expanded its education and technology solutions portfolio with the addition of Davis Demographics, EH&A, Kitamba, Ed Direction, Cira Infotech, Layer 3 Communications, and Step By Step Learning. It provides highly specialized solutions addressing mission-critical client priorities that improve outcomes and helps organizations and communities thrive. MGT was founded in 1975 and is based in Tampa, Florida.

Buy -
Buyer

GHO Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 6.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

GHO Capital Partners is a private investment firm focused on the healthcare sector. The Firm will consider opportunities throughout Europe and seeks well-established, profitable businesses that have the potential to deliver a combination of double-digit top line growth, significant efficiency gains and international expansion. GHO Capital Partners was established in 2014 and is based in London, England.


DEAL STATS #
Overall 18 of 19
Sector (Life Science) 12 of 13
Type (Secondary Buyout) 10 of 11
State (North Carolina) 3 of 3
Country (United States) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Biocare Medical

Pacheco, California, United States

Biocare Medical is a provider of immunohistochemistry (IHC) instrumentation, as well as a full range of reagents for IHC and molecular testing. The company engages in IHC and molecular diagnostic reagents, including simultaneous Multiplex IHC tests that provide increased confidence at critical diagnostic decision points, positively influencing patient therapy while accelerating turnaround time. Biocare Medical was formed in 1997 and is based in Pacheco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 FairJourney Biologics

Porto, Portugal

FairJourney Biologics is a biologics CRO, providing integrated services across antibody discovery, engineering, and production to global biopharma. The company operates a flexible, customer-oriented ‘one-stop-shop’ approach to biologics development focused on quality, reliability, and partnership. FairJourney Biologics was founded in 2012 and is based in Porto, Portugal.

Sell -

Seller(S) 2

SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 68 of 73
Sector (Life Science) 2 of 2
Type (Secondary Buyout) 13 of 14
State (North Carolina) 1 of 1
Country (United States) 60 of 65
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 EVO

Atlanta, Georgia, United States

EVO is a payment technology and services provider that offers an array of innovative, reliable, and secure payment solutions to merchants across the globe EVO was founded in 1989 and is based in Atlanta, Georgia.

Sell $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Wilmington Trust - CIT Business

Wilmington, Delaware, United States

Wilmington Trust - CIT Business is a provider of third-party trustee and administrative services to asset managers and the employer-sponsored retirement market. Wilmington Trust's CIT Business is based in Wilmington, Delaware.

Buy -
SELLER

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 53 of 53
Sector (Life Science) 24 of 24
Type (Secondary Buyout) 6 of 6
State (North Carolina) 4 of 4
Country (United States) 50 of 50
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 GenDx

Utrecht, Netherlands

GenDx is a Dutch company specializing in Molecular Diagnostics, focused on the development, production, and sales of innovative assays and analysis software for transplantation and companion diagnostics. GenDx specializes in HLA sequencing-based typing strategies and offers reagents and software for both Sanger and NGS approaches. GenDx was founded in 2005 and is based in Utrecht, Netherlands.

Sell €135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 NanoImaging Services

San Diego, California, United States

NanoImaging Services provides imaging services to the pharmaceutical, biotechnology, and nanotechnology communities. The company is committed to expanding its service capacity through microscope acquisition, workflow automation, recruitment and training of top talent, and development of new service offerings. Its state-of-the-art facilities include a range of electron microscopes, sample preparation equipment, and computational infrastructure to support structural biology and nanoparticle characterization workflows. NanoImaging Services was formed in 2007 and is based in San Diego, California.

Buy -