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DOING THE DEAL


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DEADLINE FRIDAY 5 DECEMBER


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redroseawards.co.uk @redroseawards


#RRA26


NOTHING VENTURED… NOTHING GAINED


Our ‘Doing the Deal’ conversation centred on Private Equity and Venture Capital and their role in business growth and transformation. We brought our specially invited business leaders and advisors together at the headquarters of law firm Farleys for a wide-ranging debate around dealmaking and finding the right funding partner


Stuart Young, Chief executive Panthera


In August, Panthera Biopartners announced it had become majority owned by private equity investor LDC. The deal marked a successful exit for BGF and Gresham House Ventures. As part of the new structure, BGF reinvested as a minority shareholder.


Based in Preston, we have sites across the UK and we run clinical trials on behalf of pharma companies.


One of our founders is from a venture capital (VC) background and when we sat down to put a business plan together, we realised that if we wanted to do this well and not on a shoestring, we would need to raise capital from an early stage.


IN ASSOCIATION WITH:


We got involved with a VC called Gresham House at that early stage, with additional investment coming from BGF. That really kick- started our growth in terms of being able to build infrastructure and staffing.


The latest deal was prompted by the fact we’d reached a stage in our journey where, if we wanted to take this international, which is very much our next stage of growth, we needed to have the right investors set. At this stage it was fragmented.


So, we went out to get majority private equity to clean up the share book and give us the appetite to kick-on with new institutional backers.


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