Quotient Bioresearch Secures Investment for Growth

Quotient Bioresearch announced a management buyout at the end of last month which was financed by TA Associates, the existing private equity shareholder. Terms of the buyout were not disclosed.

Quotient, which reported strong growth with like-forlike revenues up more than 20% on last year, is a UKbased provider of outsourced development services, employing over 500 people and serving pharmaceutical and life science customers on a global basis. It has built a broad and innovative service portfolio, principally targeted at the early stages of drug development, and based upon its chemistry, metabolism, bioanalytical and clinical capabilities.

The management buyout team was led by CEO, Roger Burdett, and CFO, Gordon Cameron. TA Associates, which provided new equity to finance the transaction, is a leading global growth private equity firm with over $16 billion of capital. “Quotient has rapidly established itself as one of the leading providers of specialist drug development services. Our clients are attracted by our innovative range of integrated and standalone services, and our commitment to delivering high quality data to support their projects. The rapid growth we have seen is a testament to our employees who work so hard on behalf of our clients, ” Burdett said.

Jonathan Goldstein, a Managing Director at TA Associates, commented: “Quotient has built an outstanding reputation in the marketplace, with a focus and commitment to excellent customer service. We are delighted to be backing the management team to continue to grow the business.”