Epistem management buy-out
MANCHESTER, United Kingdom, June 12, 2018 (GLOBE NEWSWIRE) -- Epistem, the Manchester UK-based Contract Research Company, announces that following investment by Foresight Group it has completed a management buy-out ("MBO") from genedrive plc.
Epistem provides both pre-clinical and clinical research services across several specialist therapeutic areas, including oncology, gastro-intestinal (GI) diseases and toxicity and inflammatory diseases. Clients include several global pharmaceutical businesses, US Biodefence programmes and niche biotechnology companies.
Foresight's investment, which includes an injection of growth capital, will support the management team's clear plans for growth, enabling expansion of the service offering, including further investment in Next Generation Sequencing and Laser Capture technologies to complement current services identifying and validating targets and biomarkers. The team also plan investments in GI disease models, developing both organoid and microbiota services, along with expansion into chronic disease models such as fibrosis. The business will also strengthen its sales and marketing activities across its international customer base.
The buy-out is led by Dr Catherine Booth, one of the original founders of Epistem and expert in GI biology. Dr Booth will be supported by a strong executive team including Operations Director Julie Tudor, also one of the original founder members of Epistem, and a new sales director and finance director. Foresight has introduced an experienced industry Non-Executive Chairman, Dr Nick Ash. Dr Ash will be a strong addition to the team having previously been CEO of Source BioScience plc, an international contract research, diagnostic services and analytical chemistry business.
Dr Catherine Booth, CEO, Epistem, commented: "We are delighted to partner with Foresight. Epistem has huge potential for growth and development. We have a clear list of initiatives for enhancing and expanding the business and are looking forward to delivering a more comprehensive suite of services to address our customers' scientific needs. Foresight, complemented by Nick Ash, will provide us with significant financial and strategic support."
Dr Nick Ash, Non-Executive Chairman, Epistem, added: "I am looking forward to working with Cath and the Management team at Epistem to accelerate the growth of the business, and build a Company that excels in customer service and provides an outstanding environment in which to work."
Matthew Pomroy, Investment Manager, Foresight, commented: "Epistem is a prime example of the type of company Foresight likes to support, a differentiated and customer-focused business with market leading expertise. Cath's dedication and long term involvement, combined with the new expertise from incoming Chairman Dr Nick Ash, gives us confidence that we will see the business go from strength-to-strength. We look forward to working with the team in the coming years."
Notes for editors
About Epistem Ltd ("Epistem"):
Epistem is an established research service provider with headquarters in Manchester UK and facilities in the US. Originally founded on ground-breaking research in epithelial stem cell biology, it has evolved into a dynamic and successful business that provides innovative research services. For 18 years Epistem has been providing a personalised service to customers worldwide, from virtual start-ups to established biotechnology companies, global pharmaceutical and personal care companies.
Epistem is committed to providing reliable, innovative and transferable pre-clinical and clinical models and services to support decision making throughout the drug discovery and development pipeline.
About Foresight Group LLP ("Foresight"):
Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has £2.8 billion of Assets Under Management across a number of funds, including Listed Vehicles-Limited Partnerships, Enterprise Investment Schemes (EISs), Venture Capital Trusts (VCTs) and Inheritance Tax Solutions using Business Property Relief (BPR).
Foresight's Private Equity Team, comprising 22 investment professionals, pursues four discrete but complementary investment styles: Venture, Impact, Growth and Replacement Capital through its growing regional office network, typically investing between £500k and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs.
The Foresight Regional Investment Fund targets companies in the North West of England, North Wales and South Yorkshire. It is managed from Foresight's Manchester office.
Foresight was voted 'Best VCT Investment Manager' at the 2017 Growth Investor Awards, having been previously awarded 'VCT House of the Year' at the 2016 Unquote British Private Equity awards.
Foresight is headquartered in London with regional offices in Manchester, Nottingham, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome and Seoul.
For more information please contact: Catherine Booth: email@example.com | 0161 850 7910 Ben Thompson: firstname.lastname@example.org | 020 3667 8155
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Epistem Ltd via Globenewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Følg saker fra GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra GlobeNewswire
Always Powered by Passion: Meizu 16s Flagship Smartphone Unveiled, Snapdragon 855 and 48MP OIS Dual Camera23.4.2019 15:00:00 CEST | Pressemelding
Zhuhai, April 23, 2019 (GLOBE NEWSWIRE) -- Zhuhai, 23rd April 2019 -- Meizu Technology Co., Ltd (Meizu) has officially introduced its latest flagship 16s and will be available for sale in China on 28th April starting at 3198 RMB. The signature Meizu Design brings a sense of elegance to the phone. Powered by Qualcomm Snapdragon 855, the 16s features a 48MP + OIS Dual Camera, making it the best device to use for everyday shots. The latest flagship 16s is a testament to the 16 years’ experience in phone making of Meizu. The company has spared no effort with 100% dedication in producing premium phone for quality-seeking users, despite the size of the target market. 16s is a product that reflects ‘100% efforts for 1% selected Products’, Meizu strives for excellence with passion. Meizu 16s comes in Pearl White, Carbon Black, and Phantom Blue, of which 6+128G, 8+128G and 8+256G will be respectively priced at 3198 RMB, 3498 RMB and 3998 RMB, and will be available on Meizu official website for
iGrafx Announces Cohesive RPA Accelerator Solution23.4.2019 14:48:00 CEST | Pressemelding
Combines Core Capabilities from iGrafx, myInvenio, Servicetrace, UiPath and BP3 Global Dallas, TX, April 23, 2019 (GLOBE NEWSWIRE) -- Today at the iNNOVATE 2019 conference, iGrafx unveiled the industry’s first end-to-end RPA Accelerator solution, enabling enterprises to identify, assess, prioritize, execute and govern robotic process automation (RPA) projects. The turnkey package includes a new version of the iGrafx Platform, along with process mining from myInvenio, RPA bots from either UiPath or Servicetrace and professional services from BP3. For the first time ever, Center of Excellence leaders can access the combined, best-of-breed capabilities from a single source for a single price. “Our customers tell us that they have a huge challenge understanding what to optimize and automate in order to achieve real digital transformation,” said Ryan Tognazzini, CEO at iGrafx. This is a challenge that is also iterated again and again by industry experts. In a recent Forrester report, Rob Ko
MJBizDaily Introduces MJBizDaily European Cannabis Symposium, Copenhagen, Denmark, May 623.4.2019 11:00:00 CEST | Pressemelding
DENVER, April 23, 2019 (GLOBE NEWSWIRE) -- The producers of America’s oldest and largest cannabis trade show, Marijuana Business Conference & Expo (MJBizCon), introduce MJBizDaily’s European Cannabis Symposium in Denmark, Copenhagen. MJBizDaily’s European Cannabis Symposium will take place on Monday, May 6 at the Scandic Copenhagen Hotel in Copenhagen, Denmark. Leaders in the business, research and legislation of Europe’s medical marijuana and hemp market will gather for an intensive one-day conference offering educational sessions on the latest in tech, scientific research, and potential impacts on global markets. Table top exhibitors and an opening cocktail reception on Sunday, May 5 will also offer invaluable networking opportunities. “Regulated, normalized cannabis programs are just now starting to come into their own across Europe. As those government, industry and scientific ties continue to strengthen across the continent, the time is right to provide an in-person platform for e
LeddarTech Appoints Richard LaRue, a Seasoned Corporate International Lawyer, to its Executive Team23.4.2019 06:58:00 CEST | Pressemelding
LeddarTech Increases Automotive LiDAR Expertise with a Research and Development Team in Toronto, Canada LeddarTech enhances its senior management leadership team through the appointment of a Chief Legal Officer and further accelerates time to market by announcing the official opening of the Automotive Center of Excellence R&D facility in Toronto, Canada. QUEBEC CITY, April 23, 2019 (GLOBE NEWSWIRE) -- LeddarTech®, an industry leader providing the most versatile and scalable auto and mobility LiDAR platform ™, is pleased to announce the appointment of Mr. Richard LaRue as Chief Legal Officer. Mr. LaRue has worked extensively with software and biotech companies, as well as start-ups, in all aspects of their business, including their constitution, the negotiation, and drafting of international agreements and their equity and debt financing. He has practiced in these areas across Canada, Europe, and the U.S. “I look forward to leveraging my international experience in corporate law, financ
WillScot to Announce First Quarter 2019 Results on May 2, 201922.4.2019 22:04:00 CEST | Pressemelding
BALTIMORE, April 22, 2019 (GLOBE NEWSWIRE) -- WillScot Corporation (“WillScot”) (NASDAQ: WSC) today announced that it will release its first quarter 2019 financial results on Thursday, May 2, 2019 after the markets close. President and Chief Executive Officer, Bradley Soultz, and Chief Financial Officer, Timothy Boswell will host a conference call and webcast on Friday, May 3, 2019 at 10:00 a.m. EDT to discuss the results. The live call can be accessed by dialing (855) 312-9420 (US/Canada toll-free) or (210) 874-7774 (International). A live webcast will also be accessible via the “Events & Presentations” section of the Company’s Investor Relations website https://investors.willscot.com. An archived version of the webcast will be available for 60 days following the call. About WillScot Corporation Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corpora
SIMEX (OTC: ARGB), an infrastructure software platform22.4.2019 14:00:00 CEST | Pressemelding
LAS VEGAS, April 22, 2019 (GLOBE NEWSWIRE) -- President of SIMEX Inc., Vassili Oxenuk says: "Today, we can see the number of platforms called crypto exchanges has exceeded any reasonable number. Thus, investors wishing to participate in the development of the growing and promising crypto industry, it is difficult to understand the competitive advantages of such platforms. It is especially strange to see how investors contribute in projects that promise to do what has already been implemented in other companies and even works. We have created a product that meets all needs of the crypto market and any licensed company can simply take advantage using our software for a particular activity". SIMEX Inc, the corporation that has created a multifunctional platform implementing functions listed below and currently existing company could perform as an investment bank and crypto exchange, looking to enter markets and cover as many jurisdictions as possible. In that aspect, SIMEX STO tokens sale