Avista Capital Partners Acquires Taconic Biosciences
11/01/22, 4:03 PM
Industry
venture capital
health care
biotechnology
Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced its acquisition of Taconic Biosciences ("Taconic" or the "Company"), a leading provider of genetically engineered research models (GEMs) and related services, from H.I.G. Capital. Transaction terms were not disclosed.
Company Info
Company info
Founded in 2005, Avista Capital is a leading New York-based private equity firm with over $8 billion invested in more than 40 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – investing in the medical devices and technologies, pharmaceuticals, outsourced pharmaceutical services, healthcare technology, healthcare distribution, and consumer-driven healthcare sectors. Avista helps its portfolio companies to accelerate growth through strategic acquisitions, having completed nearly 100 add-on acquisitions historically across its healthcare portfolio. Avista's Operating Executives and Advisors are an integral part of the team, providing strategic insight, operational oversight and senior counsel, which helps drive growth and performance, while fostering sustainable businesses and creating long-term value for all stakeholders. For more information, visit www.avistacap.com.
Media Contact:Daniel Yunger / Hallie WolffKekst CNC daniel.yunger@kekstcnc.com / hallie.wolff@kekstcnc.com
SOURCE Avista Capital Partners