Case Study – Sale / Recapitalization
CFS Clinical, headquartered in Audubon, Pennsylvania, is a specialty provider focused on the business and financial management activities for clinical trials. The Company offers a blend of contract, essential site document and cutting-edge investigator payment management services.
CFS Clinical was majority owned by Archbrook Capital Management LLC who was seeking expansion capital and partial liquidity
The management team wished to remain and continue to build the company
Achieve maximum value for the majority shareholders while structuring the best deal for the management team
Anderson LeNeave co-advised through a parallel process, approaching a focused group of strategic buyers and financial investors with an interest in the healthcare and pharmaceutical industry
A controlling interest in CFS Clinical was sold to DrugDev, Inc., an interactive network and data-sharing platform for clinical trial doctors