
Keensight Capital to buy Symeres from Gilde Healthcare
Pan-European growth investor Keensight Capital has agreed to acquire a majority stake in Symeres, a provider of drug discovery and medicinal chemistry services, from Gilde Healthcare Partners.
Gilde's exit comes four years after it invested in the company in 2017. Partner Rafael Natanek said in a statement that the GP played an active role in the company's international expansion by participating in the merger of Mercachem with Syncom in 2017 and subsequent acquisitions of Alcami Weert and Admescope.
Keensight Capital will own a controlling stake in the company alongside its management and will support the company's organic growth and bolt-on strategy. Co-founder and CEO Eelco Ebbers said in a statement that the company planned to further expand its range of drug discovery and development services. In 2021, the group expects to reach over €70m in sales.
Keensight is currently deploying equity from Keensight Capital V, which held a final close in March 2019 on €1bn.
Company
Founded in 1987 and based in Nijmegen, Symeres is a provider of R&D services from preclinical drug discovery to Phase-I and -II clinical stage drug development and manufacturing to pharmaceutical and biotechnology companies around the globe.
The company employs 500 people across the Netherlands, the Czech Republic, Finland and Sweden, along with a business development office in the US.
People
Keensight Capital - Amit Karna (partner).
Gilde Healthcare - Rafael Natanek (partner).
Symeres - Eelco Ebbers (co-founder, CEO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater