RALEIGH, N. C., — Baird Capital Partners (BCP), the U.S.-based buyout fund of Baird Private Equity, announced today that it has completed the sale of its equity interest in BCP IV portfolio company Campbell Alliance (Campbell) to inVentiv Health, Inc. Total proceeds from the exit will generate an estimated 2.4x gross return on investment for BCP IV investors.
BCP initially invested in Campbell in November 2006. Based in Raleigh, N.C., Campbell is a leading management consulting firm specializing in the pharmaceutical and biotechnology industry. The combination with inVentiv Health, a global service provider to the life sciences industry, will bring additional capital and scale, and positions Campbell for its next phase of growth.
“We partnered with an excellent management team and generated very positive results through a challenging period for the pharmaceutical and life sciences industry,” said David Pelisek, BCP Partner. “We wish John and Ann Campbell and all of their talented employees continued success. Their demonstrated ability to attract and retain talent, consistently meet performance metrics, and satisfy their customers with outstanding work product was exemplary.”
“BCP was a true partner with us,” said John Campbell, founder and CEO of Campbell. “Their knowledge and experience with rapidly growing professional services firms proved critical in major decisions Campbell made to strengthen our team, broaden our service offerings and expand our market position. We worked very effectively with the BCP team, and we are grateful to them for all of their contributions to our success.”
The sale continues BCP’s success in the healthcare sector, which includes exits of Pharmedium, Marshall Erdman and Hygenic Corp. in recent years.
About Baird Capital Partners
Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, invests in lower middle-market companies in the business services, manufactured products and healthcare sectors. Established in 1989, Baird Capital Partners leverages its deep sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners is supported by operating resources in China and India focused on facilitating and executing Asia sourcing, manufacturing and distribution strategies for Baird Capital Partners’ portfolio companies. For more information, please visit bairdcapitalpartners.com .
Baird Private Equity, the global private equity group of Robert W. Baird & Co. (Baird), makes venture capital, growth equity and buyout investments in smaller, high potential companies in the United States through Baird Venture Partners and Baird Capital Partners, in China through Baird Capital Partners Asia, and in Europe through Baird Capital Partners Europe. Baird Private Equity has a global team of investment and operations professionals across the United States, Europe and Asia, including a team of operating professionals in Asia. Baird Private Equity and its affiliates have raised and managed over $2.7 billion in capital and invested in more than 240 companies since the 1980s. For more information, please visit bairdprivateequity.com .
For additional information, contact:
Angela Pittman Taylor
Baird Public Relations