GlendonTodd Capital, a private investment firm that focuses on middle market technology-enabled business services companies, has, in partnership with Hoak and Co and other investors, acquired Chemical Information Services (CIS) from Vendome Group.
Based in Dallas, Texas, CIS is the essential, most trusted provider of information services to the pharmaceutical and chemical industries in more than 140 countries worldwide. CIS has served procurement and sourcing specialists for more than 40 years through its proprietary Directory of World Chemical Producers (DWCP) and other databases.
The F&M Bank & Trust Company is the senior lender for the transaction; BIA Digital Partners provided a mezzanine investment. Vendome Group was advised by MHT Partners.
“We at GlendonTodd Capital are pleased to have led an investor group in the successful acquisition of CIS, an established company that presents a strong platform for significant growth opportunities to further build upon its 40-year position as a leading source of insights and services to the chemical and pharmaceutical industries,” says Todd Furniss, Managing Partner of GlendonTodd Capital. “We are most appreciative to all parties involved, including the lending team that was instrumental in enabling us to move the transaction forward in a diligent and timely manner.”
The Vendome Group is a leading media company serving professionals in the healthcare, real estate and construction industries with cutting edge information, analysis and education. Its portfolio includes such leading brands as Healthcare Design, Healthcare Informatics and Long-Term Living.
