Cinven strengthens in clinical services space by buying Bioclinica
Private equity firm Cinven has agreed to buy USA-based Bioclinica, a global provider of clinical trial services and technology to contract research organizations (CROs) and pharma companies, from Water Street Healthcare Partners and JLL Partners.
Cinven has not disclosed the value of the deal but according to the Wall Street Journal, it is worth some $1.4 billion.
The Cinven healthcare team identified Bioclinica as a compelling investment opportunity based on its direct experience in the global clinical services market through its investment in Medpace (Nasdaq: MEDP), a leading USA-based CRO.
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