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New Deal


Announced

Completed

Odyssey-backed ProPharma Group completed the acquisition of a majority stake in The Planet Group from MidOcean Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Merger

Single Bidder

United States

staffing company

Private Equity

Domestic

recruitment services

Majority

Outsourced HR and Staffing

Private

Acquisition

Completed

Synopsis

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Odyssey Investment Partners-backed ProPharma Group, a provider of regulatory and compliance services, completed the acquisition of a majority stake in The Planet Group, a diversified professional services organization, from MidOcean Partners, a private equity firm. Financial terms were not disclosed. “The complementary nature of this merger creates a dynamic platform with a truly global footprint and a complete line of service offerings to meet all of our clients’ needs. We are looking forward to the next phase of growth and our continued commitment to quality and excellence in everything we do," Michael Stomberg, The Planet Group CEO.

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