Richmond, Virginia – (work wire) –Harris WilliamsThe global investment bank that specializes in merger and acquisition advisory services announced that it is advising CM Group, a portfolio company of NaviMed Capital (NaviMed), on its pending sale to OPEN Health, an Astorg portfolio company. The CM Group is a leading medical communications platform that provides a suite of integrated solutions to the domestic biotechnology and pharmaceutical industries in the United States. The deal is driven by Paul HeberAnd the Nick OwensAnd the Lucas SchollRob Crampton and Gabe Struck of the Harris Williams family Healthcare and Life Sciences (HCLS) cluster.
“Investors’ interest in external drug marketing services stems from complex therapies becoming an increasing part of new drug launches, declining access to physicians, and the growing importance of direct access to the sick population. Premium platforms like The CM,” said Paul Heber, managing director at Harris Williams. Group is disproportionately benefiting from these trends.
“The combination of OPEN Health and The CM Group brings together two best-in-class commercial companies, with an excellent reputation in the industry and an exciting opportunity to serve the world’s leading pharmaceutical companies,” said Nick Owens, principal at Harris Williams.
“Harris Williams was an exceptional partner and exceeded our expectations throughout the transaction. The team’s knowledge of the sector and extensive relationships with buyers led to the optimal outcome. We look forward to the next phase of growth with the OPEN Health and Astorg teams, and we are excited to build a company A world leader in pharmaceutical marketing.
Founded in Science – and powered by Patient Voices – CM Group is an integrated healthcare agency of innovative and imaginative subject experts dedicated to providing scientific and marketing strategies and services to the life sciences industry.
NaviMed is a Washington, DC-based private equity firm with more than $400 million in assets under management, focused exclusively on the healthcare industry. NaviMed invests in fast-growing healthcare companies in lower middle markets that it believes are poised to benefit from technological reform and innovation that is reshaping the healthcare industry. The company focuses on healthcare services and information technology for healthcare, hospital products and pharmaceutical services companies. NaviMed targets profitable private businesses with up to $10 million in EBITDA and double-digit revenue growth. NaviMed’s senior investment team has a proven track record of value creation that includes, in aggregate, dozens of investments and more than $11 billion in enterprise value created over the course of their combined career.
OPEN Health combines deep scientific knowledge, global understanding and extensive specialist experience to support its clients in improving health outcomes and patient well-being. OPEN Health unites as one resilient organization, harnessing the power of the community to solve complex challenges.
Astorg is a European private equity firm with more than €17 billion in assets under management. Astorg works with entrepreneurs and management teams to acquire global market leaders headquartered in Europe or the United States, providing them with the strategic direction, governance and capital they need to achieve their growth plans. With a distinct entrepreneurial culture, a long-term shareholder perspective and a lean decision-making body, Astorg has valuable industry experience in healthcare, software, technology, business services, and technology-based industrial companies. Astorg has offices in London. Paris; New York; Frankfurt, Germany; Milan. and Luxembourg.
Harris WilliamsIt is an investment bank that specializes in mergers and acquisitions advisory services, championing sellers and buyers of companies around the world through milestones and providing thoughtful advice throughout the life of their business. By collaborating as a single company across industry groups and geographies, the company helps its clients achieve results that support their goals and create strategic value. Harris Williams is committed to excellence in execution and to building lasting relationships and value built on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams HCLS Group has experience in a wide range of sectors, including healthcare providers; Payment and payment services; external pharmaceutical services; medical device supply chain; health care information technology; and pharmacy. For more information about the HCLS group and other recent transactions, visit HCLS . group Harris Williams website section.
Harris Williams LLC is a registered broker and dealer and a member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies in England and Wales (Registration Number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered with the Commercial Register of the District Court in Frankfurt, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: email@example.com). Geschäftsführer / Directors: Jeffrey H. Perkins, Paul Bogey. (VAT number DE321666994). Harris Williams is a trading name under which Harris Williams LLC and Harris Williams & Co. Ltd and Harris Williams & Co.
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