Kohlberg and Mubadala Sign an Agreement to Secure Majority Stake in...
Pharma Tech Outlook

Kohlberg and Mubadala Sign an Agreement to Secure Majority Stake in PCI Pharma Services

Pharma Tech Outlook | Monday, August 31, 2020

PCI Pharma Services, a leading pharmaceutical and biopharmaceutical global supply chain solutions provider, and a portfolio company of Partners Group, announced today the signing of a definitive agreement to acquire a majority stake in the company by Kohlberg & Company, LLC.

FREMONT, CA: Kohlberg is a leading private equity firm with over 30 years of successful experience partnering with management and companies like PCI Pharma Services. Mubadala Investment Company, an Abu Dhabi-based sovereign investor, will also become a significant investor in PCI.

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Partners Group, the global private markets investment manager, has agreed to the sale of its majority equity stake in PCI Pharma Services on behalf of its clients and its investment partners Thomas H. Lee Partners and Frazier Healthcare Partners. Following the sale to private equity firm Kohlberg and Mubadala, Partners Group will retain a meaningful minority equity stake. The terms of the transaction are not disclosed.

PCI Pharma Services is a recognized industry leader and trusted partner providing a broad range of integrated pharmaceutical supply chain solutions from the earliest stages of drug development to commercial launch and delivering ongoing supply with global capabilities for drug development and manufacturing, clinical trial services, and commercial packaging services. PCI spans a global footprint of 25 GMP facilities across six countries and employs ~3,900 people worldwide.

Salim Haffar, PCI's CEO said that their teams at PCI have embarked on a purposeful journey over recent years to transform the company by executing a successful growth strategy, providing customers with innovative and integrated supply chain solutions and delivering the industry-leading customer experience by differentiating through investment in global capabilities, operational excellence, technology, and our biggest asset, our talented people. 

Chris Anderson, Partner of Kohlberg, said that they identified PCI through their Outsourced Pharmaceutical Services White Paper, and their more considerable industry practice in Pharmaceutical and Medical Products & Services, as a best-in-class company led by a premier management team. They are honored to have the opportunity to work with Salim and his team on their next phase of transformational growth and value creation.

Kohlberg and Mubadala plan to partner with PCI's management team, led by CEO Salim Haffar, to continue its transformation journey by adding specific capabilities and geographies organically and inorganically improve its customer service experience and enable its customers to bring life-changing biopharmaceutical therapies to market. Leveraging the global growth trends in biologics and specialized drug therapies, future capabilities include sterile fill-finish injectables, expanding high potent and specialized manufacturing, and further geographic expansion into Asia and greater Europe.

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