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Nordic to acquire ArisGlobal
Posted on Monday, 17 June 2019 11:57
Private equity firm Nordic Capital, through its investment fund Nordic Capital Fund IX, is buying a majority of US-based ArisGlobal for an undisclosed sum.

Yesterday, the Wall Street Journal, citing a person close to the situation, stated the deal values the target at USD 700.00 million, including debt.

The transaction remains subject to regulatory approvals.

Headquartered in Miami, ArisGlobal is billed as a leading provider of software services for pharmacovigilance and drug safety, clinical development, regulatory and medical affairs.

Its technology includes the LifeSphere platform, a computing engine used to automate all core functions of the drug development process and helps reduce the time to market for life sciences companies.

ArisGlobal has 1,200 employees across offices worldwide with annual revenues of USD 100.00 million.

Its clients include AstraZeneca, NovoNordisk and Novartis.

Dr Raj Shah, who is part of Nordic’s healthcare investment team, said: “The US is a key global market for healthcare companies and offers opportunities that are consistent with Nordic’s investment strategy.”

News of a deal comes just a week after Medidata Solutions, a software developer for clinical trials, announced it was selling its company to France’s Dassault Systems for USD 5.74 billion.

In Nordic’s most recent transaction within the healthcare sector, it agreed to purchase US-based Orchid Orthopedic Solutions, a manufacturer of implants for the global orthopaedic industry, for an undisclosed sum back in January.

Founded in 1989, the private equity firm has invested EUR 14.00 billion in over 105 companies, including 28 healthcare platforms, since its inception.

Nordic’s portfolio includes Acino, Binding Site and European Dental Group.

According to Zephyr, the M&A database published by Bureau van Dijk, there have been 1,816 deals targeting software publishers announced worldwide since the beginning of 2019.

Heading the list was Salesforce.com, which agreed to acquire US-based Tableau Software for USD 15.70 billion.

Other targets featured in the year to date include Ultimate Software Group, Luxoft Holding and Ubisoft Entertainment.

© Zephus Ltd