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The Wire
Nov 17, 2023

MSCP-backed Alliance Technical Group closes four more add-ons; plus 10 PE-backed CRO deals

Good morning, dealmakers. Thank goodness it’s Friday! 

 

It’s Obey Martin Manayiti here with a deal-packed Wire.  

 

Earlier this morning, I was the first to report that Morgan Stanely Capital Partners’ backed Alliance Technical Group is acquiring four add-ons focused on environmental labs. The deals are fueled by increased demand for environmental testing services. 

 

A rise in pharmaceutical R&D spend and increasing clinical trial complexity are driving private equity interest in contract research organizations. We’re capping off the week with my roundup of 10 deals in the space. 

 

I’ve also got some analysis on PE interest in CROs from Paul Hepper, a managing director in Harris Williams’ healthcare and life sciences group. 

 

Lab work 

As demand for environmental and regulatory-driven quality-testing services extends from air-monitoring to other areas such as soil, water and waste, Morgan Stanley Capital Partners-backed Alliance Technical Group is buying four add-ons around environmental labs. 

 

Subscribers to the premium version of the Wire may learn all about MSCP’s strategy. 

 

Clinical trials  

Clinical research is increasingly catching the interest of private equity investors. In this story, I rounded up 10 deals focusing on clinical trials.  

 

Premium subscribers will learn which PE firms are investing in the sector and they’ll read my interview with Paul Hepper, a managing director in Harris Williams’ healthcare and life sciences group. 

 

That’s it for this week. As always, you can reach me at [email protected]. 

 

MK Flynn will be back with the newsletter on Monday.  

 

Have a nice weekend, 

Obey

 

Read the full wire commentary on PE Hub ...

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Also of note (may require subscriptions)

 

MiddleGround Capital closed in quick time a process through which it moved its portfolio company Banner Industries into a continuation fund and combined it with another business, sources told Buyouts.

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PE Deals

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People
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They said it

“We have more than doubled the company in two years through strong organic growth and strategic M&A, and the lab service line gives Alliance another really attractive leg of growth.”

— Eric Kanter, MSCP’s managing director, said about the four add-ons for portfolio company Alliance Technical Group.

 

Today's letter was prepared by Obey Martin Manayiti

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