A private equity investor based in Greenwich, Connecticut, Great Point Partners has invested into more than 100 businesses in the public and private healthcare sector since 2003. Through December 2016 and January 2017, the private equity portfolio company Clinical Supplies Management (CSM) completed the acquisition of two companies that will expand its range of services in Europe.Theorem Clinical Supply (TCS) was the first of these acquisitions. A Frankfurt-based company that offers clinical trial drug labeling, storage, packaging, and distribution, TCS’ services extend throughout Western Europe. The acquisition, which it completed in December 2016, enables CSM to provide significantly improved services to its global clients.The TCS acquisition was complemented by the acquisition of Brussel’s B&C Group in January 2017. B&C provides a range of clinical trial supplies, in addition to biomedical sample services, via its custom system architecture, which CSM aims to leverage to serve the needs of its pharmaceutical clients in both Europe and the United States.
Great Point Partners is a Greenwich, Connecticut-based investment firm that targets both the public and private health care sectors. For over a decade, Great Point Partners has invested in firms that are advancing the quality and accessibility of innovative health care products. A recent growth recapitalization facilitated by GPP has allowed Clinical Supplies Management (CSM), a provider of clinical trial services and solutions, to expand its offerings across the Atlantic Ocean. In December 2016, the company announced the acquisition of Theorem Clinical Research-Clinical Supplies (TCS), a German clinical services firm. Headquartered in Frankfurt, the former Chiltern International subsidiary provides services for the full clinical life cycle, including packaging, reconciliation, and distribution. Its inclusion within CSM’s growing portfolio will greatly enhance the firm’s ability to serve clients throughout western Europe. The new partnership between CSM and the Theorem team not only will allow CSM to increase its European presence, but also provides TCS with a gateway to North American clinical clients and resources. Following the acquisition, TCS executive director Rüdiger Weber will draw on his expertise in the sector to head the bourgeoning European operations of CSM.
