Bridgepoint-backed Fishawack acquires Skysis

This is the first acquisition Fishawack has made since Bridgepoint acquired the firm in March 2020, although the transaction completed at the beginning of April 2020. Bridgepoint was investing from its Europe VI fund, which closed on €5.7bn in December 2017.

Unquote understands the combined entry multiple of both Skysis and Fishawack was 12.8x.

LDC acquired the company in a £38m management buyout in 2017 and subsequently provided £18.5m in follow-on funding to support a series of five acquisitions.

The acquisition of Skysis was made to grow the firm's consulting capabilities.

Company
Skysis is a consultancy that provides commercial services including market access and commercial strategy to the biopharmaceutical industry. Founded in 2011, the company employs 20 people and is based in Scottsdale Arizona.

People
Fishawack – Oliver Dennis (co-founder, CEO).
Skysis – Dan Twibell, Dawn Rich (managing directors).

Advisers
Acquirer – KPMG (corporate finance, financial due diligence, tax); Addleshaw Goddard (legal); Sheppard Mullin (legal).
Company – Fairmount Partners (corporate finance); Ulber & Berne (legal).

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