SAN FRANCISCO, March 28, 2017 /PRNewswire/ -- Genstar Capital, a leading middle-market private equity firm focused on investments in targeted segments of the healthcare, financial services, software, and industrial technology industries, today announced that it has acquired Bracket, a leading scientifically-driven clinical trial technology and specialty services provider, from Parthenon Capital Partners.
Bracket offers an integrated suite of complementary solutions that help pharmaceutical and biotechnology companies, as well as contract research organizations, maximize clinical data integrity and ultimately improve outcomes with clinical trials. Bracket today has over 700 employees and delivers services in more than 90 countries to a diverse base of global customers, including 15 of the top 20 biopharma companies.
Jeff Kinell, Chief Executive Officer of Bracket, commented, "Bracket has built a strong reputation with its customers to help them increase efficiency and outcomes of their clinical trials, with a focus on complex therapeutic areas. Our software and technology-enabled services will become ever more important as our customers increasingly adopt electronic solutions to further improve execution of clinical trials. We were impressed with Genstar's deep understanding of our mission and our value and we are excited to work with Genstar to further execute on growth investments and strategic acquisitions to expand our product capabilities, enter new therapeutic areas, and continue building on our partnerships with our customers."
David Golde, a Director at Genstar who leads the firm's pharmaceutical services investing efforts, said, "Bracket is a premier technology solutions provider for pharmaceutical and biotech companies looking to improve the outcomes of their clinical trials. Bracket's comprehensive suite of products and services combined with an unparalleled scientific team have been a driving force behind the company's impressive growth. We are excited to support Jeff Kinell and his team as we share a similar desire to actively pursue growth initiatives and strategic acquisitions to provide increased value to Bracket's customers."
Jean-Pierre Conte, Chairman and Managing Director of Genstar, said, "The addition of Bracket to our portfolio of companies reinforces our commitment to investing in high quality healthcare companies with strong growth drivers that can be further transformed by our active involvement with best in class industry leaders. We are proud and excited to help Bracket navigate its next chapter in its journey of success."
Genstar's current and previous investments in healthcare technology and services companies include ERT, ConnectiveRx, Netsmart, and PRA International.
Bracket was previously a portfolio company of Parthenon Capital Partners, a growth-oriented private equity firm dedicated to building leading companies in healthcare and financial services. Jefferies acted as lead advisor to Bracket. Cain Brothers acted as co-advisor.
About Genstar Capital Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 25 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of approximately $9 billion and targets investments focused on targeted segments of the healthcare, financial services, software, and industrial technology industries.
About Bracket Bracket, with nine offices and more than 700 employees worldwide, is a clinical trial technology and specialty services provider dedicated to helping biopharmaceutical sponsors and contract research organizations increase the power of their clinical research data by leveraging core competencies in Science, Technology, and Service. Bracket eCOA™ is a flexible platform for electronic clinical outcomes assessments. Bracket RTSM™ is a best-in-breed, scalable and configurable clinical IRT solution for the life sciences industry. Bracket SmartSupplies™ is a proven platform for improving a clinical supply chain. Bracket Rater Training and Quality Assurance improve outcomes through customized training and quality assurance programs. Learn more about Bracket at www.bracketglobal.com.
Contact: Chris Tofalli Chris Tofalli Public Relations 914-834-4334