Results Healthcare is pleased to announce that it has advised Charterhouse Capital Partners, one of the longest established private equity firms in the UK, on its investment in PHASTAR, a specialist provider of biostatistics and data science services for clinical trials. Charterhouse is making its investment in partnership with the company’s founder, Kevin Kane, who remains CEO and retains a significant shareholding in the business alongside its management team.
This transaction highlights Results Healthcare’s capabilities in assisting private equity bidders to build a thesis and move at pace through a competitive process.
Founded in 2007, PHASTAR is a fast growing, specialist biometrics clinical research organisation (“CRO”) offering statistical consulting, clinical trial reporting, data science and data management services to a global customer base of large and mid-size pharmaceutical companies. Headquartered in London (UK) and North Carolina (US), the business operates across an international network of 12 offices. The business is focused on a highly attractive niche and is well-regarded by its customers for supporting them with their most critical and challenging data-related work.
JAMES COCKER, PARTNER, CHARTERHOUSE CAPITAL PARTNERS:
We are pleased to have been supported by Results Healthcare on this transaction. Their sector knowledge and relationships were valuable, and put us in a great position to invest in this impressive business.