LIVERPOOL, England, March 1, 2021 /PRNewswire/ — Arcline Funding Administration (“Arcline”), a growth-oriented non-public fairness agency with $four.three billion of cumulative capital commitments, right now introduced that it has acquired ChargePoint Expertise Holdings Restricted (“ChargePoint” or “the Firm”). The transaction is the inaugural funding of Arcline’s second fund and marks an exit for UK mid-market non-public fairness agency LDC following a four-year partnership. ChargePoint is anticipated to be the primary of a number of acquisitions as Arcline builds a specialty course of applied sciences platform targeted on pharmaceutical and biopharmaceutical finish markets.
ChargePoint Expertise is a number one producer of containment and aseptic powder switch applied sciences, primarily utilized in pharmaceutical manufacturing and bioprocessing purposes, with a buyer base that features all the highest 20 international pharmaceutical corporations.
ChargePoint’s merchandise embrace multi-use and single-use cut up butterfly valves, cost bottles and luggage, course of answer equipment, and spare components, that are marketed beneath manufacturers together with PharmaSafe®, AseptiSafe®, ChargeBag®, and SingleUse. These mission-critical applied sciences allow ChargePoint’s prospects to determine secure and dependable manufacturing course of environments.
Arcline commented, “ChargePoint helps the manufacturing of life-saving therapies by offering best-in-class containment and aseptic switch applied sciences to pharmaceutical and biopharmaceutical corporations. Particularly, the Firm’s merchandise present industry-leading options for dealing with extremely potent lively pharmaceutical components (HPAPIs) and sterile drug merchandise throughout essentially the most demanding drug manufacturing purposes within the areas of oncology, diabetes, and different extremely poisonous therapies. We’re dedicated to supporting ChargePoint in its subsequent section of progress by way of investments in product improvement, go-to-market capabilities, and add-on acquisitions.”
Chris Eccles, CEO of ChargePoint, added, “We’re excited to companion with Arcline, a agency that shares our ardour for offering our prospects with safer containment and sterile switch applied sciences, that are crucial to the way forward for drugs. We look ahead to increasing our crucial position in pharmaceutical manufacturing and bioprocessing as we put money into our subsequent section of progress.”
GCA Altium served as monetary advisor and Eversheds Sutherland (Worldwide) LLP supplied authorized counsel to Arcline in reference to the acquisition.
About Arcline Funding Administration
Arcline is a growth-oriented non-public fairness agency that seeks to put money into thriving center market companies with structurally recurring income streams in excessive worth industries. Arcline’s differentiated funding technique combines deep enterprise mannequin experience, proactive thematic analysis, an unrelenting deal with the upside and a collaborative, management-first method to worth creation. The agency’s major sectors of curiosity embrace protection, aerospace, crucial infrastructure companies, industrial & biopharmaceutical expertise, life sciences and specialty supplies. Launched in 2019, Arcline at the moment has $four.three billion in cumulative capital commitments. The agency’s greater than 35 professionals are predominantly primarily based in New York and San Francisco. For extra details about Arcline’s funding philosophy and values, go to www.arcline.com.
About ChargePoint Expertise
ChargePoint Expertise is a frontrunner in secure powder dealing with with patented course of expertise in containment and sterile powder switch options. ChargePoint’s merchandise are used primarily in pharmaceutical manufacturing and bioprocessing purposes, and embrace cut up butterfly valves, cost bottles and luggage, course of answer equipment, and spare components. The Firm is headquartered in Liverpool, United Kingdom. www.thechargepoint.com
SOURCE Arcline Funding Administration