Hot Life Science Investor Mandate 2: PE Group Seeks Software Suppliers, Healthcare IT – February 5, 2013

5 Feb

A private equity group based in the Eastern US is currently looking for new investment opportunities in the life science space, and plans to invest in four firms throughout 2013. The firm currently has around $150 million in total assets under management, and is deploying capital from its third fund.

The firm is currently looking for new opportunities in the suppliers and engineering space as well as the service providers space. In the suppliers and engineering space, the firm is looking for software suppliers, and in the service provider space, the PEG would be most interested in healthcare IT firms.

The firm is looking to take at least a 60% equity stake in all future portfolio companies. Also, they will not invest in any pre-revenue companies, and consequently will only consider firms that currently have a product on the market. The PEG is looking for firms that have at least $1 million in EBITDA, and annual revenue within the $2-20 million range.

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