Palatine has acquired a majority stake in Skills Alliance, a specialist niche workforce solutions provider for the life sciences, medical device, and animal health sectors.
Operating internationally with offices in London, Frankfurt, Zurich, New York, Seattle, and Newport Beach (CA), Skills Alliance, works on a retained basis for some of the largest pharmaceutical and biotech firms around the world.
With a team of 130, Skills Alliance was founded in 2004. It comprises three business units, SA Executive, SA Staffing & SA Consulting and is led by an experienced and ambitious management team including CEO Carl Marotta and Dan Shillingburg who leads the 35-strong US operation.
The business has an annual net fee income of £15m, and has almost doubled in size in the last 12 months as it has leveraged its niche focus in the high growth verticals it specialises in.
Palatine’s investment team was Andy Strickland, Rupert Brown, and Carly Sinicrope with Partner support from Tony Dickin.
Palatine has significant experience in the Life Sciences sector. Skills Alliance is the third transaction in the last 18 months – its Impact Fund invested in tranScrip Partners in early 2021, and then completed the strategic acquisition of Real Regulatory for tranScrip this year.
