Announced
Completed
Financials
Sources
Tags
Acquisition
Single Bidder
United Kingdom
medical industries
digital solutions
Digital Services
Friendly
Private
Completed
Majority
Cross Border
Private Equity
Synopsis
Ares Management-backed Lockwood, a provider of scientific-based medical communications for the pharmaceutical, biotech, and medical device industries, completed the acquisition of Rnadom42, a medical animation studio, from Graphite Capital, a private equity firm. Financial terms were not disclosed. "Lockwood's commitment to innovative scientific communications is further bolstered by this addition of Random42 and the cutting-edge creative work that they do. As new therapies become more and more complex the need to visualize the uniqueness of their product helps our clients differentiate their brand in a sometimes-crowded marketplace. Our customers will be astounded by the visually compelling animations, virtual reality, augmented reality, holographic, and interactive experiences created in-house by Random42's expert scientific, creative, animation, and production teams. As our clients have shared their need for imaginative solutions to breakthrough crowded markets, most recently through digital channels, we are excited to bring these inventive solutions forward immediately," Matt Schecter, Lockwood Founder & CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.