Behrman Capital (Behrman), a private equity investment firm based in New York and San Francisco, has made a significant investment in The Emmes Corporation (Emmes).
Financial terms of the transaction have not been disclosed.
Emmes is a leading contract research organisation (CRO) that partners with government, private foundation, and commercial clients to develop treatments for diseases and disorders impacting public health. The Company has provided clinical trial services for over 1,000 trials across Phase I-IV in more than 70 countries, and has a particular expertise in biostatistics, offering government and commercial customers unique capabilities in the analysis and management of clinical trial data.
Behrman is investing in Emmes in partnership with members of the company’s senior management team, which will continue to lead the Company, as well as Sal Guccione, the former CEO of WIL Research (a previous Behrman portfolio company), who has joined Emmes as Executive Chairman.
Grant G Behrman, Managing Partner of Behrman Capital, says: “Emmes has built a strong and enduring heritage as a trusted and collaborative research partner. The Company is well positioned for growth in the near- and long-term, across a number of therapeutic areas of focus including infectious disease, oncology and ophthalmology. We look forward to partnering with Anne, Sal, and Emmes’ world-class team to increase the scope and scale of the business through organic initiatives and accretive acquisitions.”
“This is a substantial and exciting milestone in our evolution,” says Dr Anne Lindblad, President and Chief Executive Officer of Emmes. “Our vision, mission, leadership, and focus on advancing human health will continue, and we will benefit from Behrman’s investment, expertise and relationships. We believe this investment will allow us to provide employees even greater opportunities as we continue to build and grow. Our government work is and will remain core, and we plan to accelerate our efforts on the non-government side. In addition, Behrman will be a great resource in expanding our global presence, sharing market research that can shape new business opportunities, and identifying key hires that would complement our existing team.”
Guccione adds: “I am delighted to join Emmes and to have another opportunity to partner with Behrman Capital. Emmes has a longstanding reputation of working side-by-side with leading researchers to tackle the world’s greatest public health challenges. I look forward to collaborating with Anne and the management team to expand and strengthen Emmes’ service offerings and international presence.”