FRAMINGHAM, Mass., Jan. 3, 2013 /PRNewswire/ -- CMC Consulting Group, a leading international healthcare strategy and Mergers & Acquisitions advisory firm, is delighted to announce its acquisition of the Boston-based investment bank Johnston Blakely & Company. A FINRA registered broker/dealer, Johnston Blakely offers private equity placement and M&A-related financial advisory services exclusively to companies in the life science sector.
"The acquisition of Johnston Blakely significantly enhances CMC's life science M&A transaction experience and underscores the strategic priority of an expanded United States presence," commented Gabriele Brambilla, Managing Director of CMC Consulting Boston. "In addition, Johnston Blakely's activities in biopharmaceuticals and the ancillary services sectors closely complement CMC's expertise in medical devices and equipment."
Benjamin Conway, Managing Director and founder of Johnston Blakely, remarked:
"This is a tremendous opportunity for Johnston Blakely. Not only does the international presence of CMC significantly extend the reach of the firm, CMC's strength in strategy development and implementation provides a perfect complement to our S.T.A.T. (Strategy, Tactics and Transactions) Initiative™. Strategic consulting has long been considered distinct from transaction execution, with different firms engaged to handle each activity. Both CMC and Johnston Blakely recognize that integrating the two activities results in a more seamless interface and a more efficient process."
As part of the transaction, Mr. Conway is joining CMC as a Managing Director in its new Johnston Blakely investment banking subsidiary. The transaction is subject to regulatory approval.
About Johnston Blakely & Company, LLC.
Johnston Blakely & Company is a Boston-based investment bank offering private equity placement and merger & acquisition-related financial advisory services exclusively to companies in the life science sector. The firm incorporates the venture capital tradition of comprehensive company involvement into investment banking engagements to deliver superior results for its clients. Johnston Blakely & Company, LLC is a registered broker/dealer. Member FINRA/SIPC.
About CMC Consulting Group
Headquartered in Germany and with offices in nine countries, CMC Consulting Group provides M&A and strategic advisory services to clients in the healthcare industry worldwide. With more than 400 years of collective healthcare experience, CMC has participated in over 250 strategic consulting engagements and successfully completed more than 150 M&A, strategic partnerships and licensing transactions. Its clients include companies across the pharmaceutical and biopharmaceutical, medical technology and healthcare services sectors as well as venture capital and private equity investors.
SOURCE CMC Consulting Group