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H.I.G. Capital Completes Acquisition of Celerion

Friday, November 04, 2022

H.I.G. Capital, a leading global investment firm with $52 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Celerion Holdings, Inc. (“Celerion” or the “Company”), a leading full-service provider of outsourced clinical research services to the pharmaceutical industry.

Headquartered in Lincoln, NE, Celerion is a leading global clinical research organization focused on providing end-to-end early stage clinical trial and bioanalytical services to a diverse group of customers. The Company’s offering includes clinical trial design, patient recruitment, clinical site management, bioanalytical testing, and data management. Celerion has locations in the United States, Canada, Austria, South Korea, Switzerland, and the United Kingdom.

Susan Thornton, Ph.D., Chief Executive Officer of Celerion commented, “We are excited to enter into this new chapter of growth with H.I.G. Celerion is one of the most experienced and successful CROs globally, with expertise in early stage drug development solutions that has resulted in strong growth since the Company’s inception. We look forward to partnering with H.I.G., who brings significant experience and resources in the pharmaceutical sector, and continuing to provide industry leading customer service."

Mike Gallagher, Managing Director at H.I.G., added, “We are excited to partner with Susan and her exceptional management team. We identified Celerion as a best-in-class provider of early stage clinical research services globally, playing a critical role in helping sponsors bring life-saving medications to market as quickly and as safely as possible. We believe Celerion is well-positioned for continued growth, given its dedication to the most rigorous quality and performance standards.”

H.I.G.’s investment in Celerion adds to its active pharma services portfolio, which comprises a broad spectrum across clinical research, contract manufacturing and development organizations and specialty pharmaceutical companies. Other recent H.I.G. pharma services investments include Aspire Pharma, BioVectra, Leiters, Navitas Life Sciences, Rising Pharmaceuticals and Taconic BioSciences.

Rothschild & Co. Inc. acted as financial advisor and McDermott Will & Emery LLP served as legal counsel to H.I.G. Lazard and Harris Williams acted as financial advisors and Winston & Strawn LLP served as legal counsel to Celerion.

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