Martin LeBlanc, CEO of Caprion, stated: "This transaction represents another very successful outcome for private equity shareholders of Caprion and tangible evidence of the strong business performance and growth that Caprion has achieved during our 4-year partnership with Chicago Growth Partners."
"We are also delighted to enter into this exciting new partnership with GHO Capital. GHO Capital brings a unique combination and depth of industry expertise, network and strategic insights that will undoubtedly help us maintain our rapid growth trajectory as we continue to build on our leading immunology and proteomics services to further broaden our customer base and pursue our expansion in Europe and internationally."
Dr. Arda Minocherhomjee, Managing Partner of Chicago Growth Partners commented: "It has been a privilege to work with Caprion as sponsor and partner over the past 4 years. We are very pleased with this transaction and wish Caprion and GHO Capital best of continued success in their business and partnership."
Mike Mortimer, Partner at GHO Capital, stated: "We believe that Caprion is a world-class business operating in a highly attractive, rapidly growing segment. As a well-respected service provider to the pharmaceutical industry, the management team has developed a scalable business model capable of delivering significant further growth, making this an exciting investment opportunity for our fund. With favourable market dynamics in immuno-oncology and proteomics, Caprion is well-positioned to expand its capabilities on a global scale".
Kirkland & Ellis LLP and Osler, Hoskin & Harcourt LLP provided legal advice, William Blair & Company, LLC provided financial advice and PricewaterhouseCoopers provided accounting advice to Caprion in this transaction. Blake, Cassels & Graydon LLP and Ropes & Gray LLP provided legal advice, Collins Barrow Toronto provided financial advice and DNA Capital Inc. provided advisory services to GHO Capital.
About Caprion Biosciences, Inc.
Caprion Biosciences is the leading provider of proteomics and immune monitoring services to the pharmaceutical and biotechnology industry. Its immune monitoring business unit, ImmuneCarta®, offers proprietary multiparametric flow cytometry services for functional analyses of innate and adaptive immune responses. Caprion's proteomics business unit, ProteoCarta™, offers proprietary gel-free, label-free mass spectrometry (MS) for comprehensive, quantitative and robust comparative measurement of proteins across large sets of biological samples for the discovery and validation of protein biomarkers. Caprion also leverages ProteoCarta and ImmuneCarta to develop its own in-vitro diagnostic products targeting cancer, metabolic and infectious diseases. Based in Montreal, Canada, Caprion has been providing large-scale proteomics and immune monitoring services to over 50 major pharmaceutical and biotech clients for more than 15 years. For more information, please visit www.caprion.com.
About GHO Capital
Global Healthcare Opportunities, or GHO Capital Partners LLP, was founded in 2014 as a specialist healthcare investment adviser based in London. Its vision is to apply global capabilities and perspectives to build a world-class healthcare specialist private equity firm by recognising and seizing the highly attractive and underpenetrated European market opportunity. The firm has a powerful combination of transaction, investment and industry skills which sets it apart from traditional private equity firms. For further information, please visit www.ghocapital.com.
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