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Avista Capital Partners Acquires Taconic Biosciences

Nov 01, 2022•almost 3 years ago

Acquiring Company

Avista Capital Partners

Acquired Company

Taconic Biosciences

Venture CapitalHealth CareBiotechnology

Description

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 Information

Company

Avista Capital Partners

About

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

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed