MidEuropa to acquire a majority stake in FAMAR from ECM Partners and Metric Capital Partners.

MidEuropa, an independent private equity player in Central and Eastern Europe, agreed to acquire a majority stake in FAMAR, a well-established pharmaceutical contract development and manufacturing organisation, from private equity firms ECM Partners and Metric Capital Partners. Financial terms were not disclosed. "Our investment in FAMAR demonstrates MidEuropa’s continued commitment to identify and support growing platforms in the healthcare sector, and once completed, will bring our total equity investments in the sector to well over €1bn. FAMAR is a growing European CDMO platform with a track record of strong execution, combined with a clear value creation potential and expansion ambitions. We are impressed with FAMAR’s growth and success under Kostas Rengis’ leadership over the past few years and are enthusiastic about the opportunity to support him and his team to further strengthen FAMAR’s relevance to its clients in its current markets and beyond," Matthew Strassberg, MidEuropa Partner and Head of Healthcare Sector Practice.