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New Deal


Announced

H.I.G. Capital to acquire a 75% stake in Navitas Life Sciences from TAKE Solutions for $102m.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

Pending

Single Bidder

contract research organization

Friendly

Acquisition

Majority

Private

Domestic

Biotechnology

Private Equity

Test Inspection and Certification (TIC)

Synopsis

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H.I.G. Capital, a global alternative investment firm, agreed to acquire a 75% stake in Navitas Life Sciences, a provider of full-service CRO, FSP expertise in data sciences, and regulatory and safety solutions for large blue chip pharmaceutical and biotech clients, from TAKE Solutions, a globally recognized domain intensive services provider in life sciences, for $102m. "We are delighted to partner with H.I.G. in our mission to accelerate access to outstanding drug development outcomes to people across the world by harnessing the power of technology and domain knowledge. H.I.G., with its global network and diverse experience across healthcare and life sciences, makes them an ideal partner to support Navitas’ continued growth as a Global Next Generation CRO," Srinivasan H R, TAKE Solutions Vice Chairman and Managing Director.

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