Recent Press Releases

Pennhurst Group, LLC Completes Leveraged Management Buyout

FRAZER, PA – May 26, 2010 – The management of Pennhurst Group, LLC, a provider of behavioral healthcare staffing and consultative services, announced its buyout of 100% of the membership interest in the Company from its founders. Terms of the deal were not disclosed. (Read more...)

Lonza Closes Acquisition of MODA Technology Partners

Basel, Switzerland, 20 May 2010 – Lonza Group Ltd announces that it has completed its acquisition of MODA Technology Partners (“MODA”) as of 18 May 2010. The transaction was announced on 12 May 2010. (Read more...)

Lonza Agrees to Acquire MODA, a Global Leader in Paperless Quality Control

Basel, Switzerland, and Wayne, PA, – May 12, 2010 – Lonza Group Ltd announces that it has signed an agreement to acquire MODA Technology Partners (“MODA”), a software company that provides paperless quality control solutions. (Read more...)

Internet Capital Group increases stake in ICG Commerce

Wayne, PA — May 6, 2010 — Internet Capital Group, Inc. (Nasdaq:ICGE) (“ICG”) today announced that it has acquired an additional 12% of ICG Commerce from a minority stockholder for $35.3 million in cash, increasing its ownership in ICG Commerce to approximately 76%. (Read more...)

Leading Medical Device CRO Symbios Clinical Acquired by Medpace

Cincinnati, OH — April 6, 2010 — Medpace, a global, full-service clinical research organization (CRO) has acquired Symbios Clinical, one of the largest CROs dedicated to medical device clinical trials. Symbios supports the full spectrum of medical device trials including pre-market, post-approval and post-market / outcomes trials. (Read more...)

Clemens Development, LLC Subsidiary Closes Construction Financing

Hatfield, PA – January 22, 2010 – Towamensin Retail Development, LLC, a subsidiary of Clemens Development, LLC, closed on a $4,500,000 construction loan with TD Bank for its retail development project in Towamensin Township immediately adjacent to its Hatfield Pointe retail center project in Hatfield Township, Montgomery County, Pennsylvania. (Read more...)

Bridge Pharmaceuticals acquired by AVANZA Laboratories

Gaithersburg, MD – December 23, 2009 – Today AVANZA Laboratories LLC announced its acquisition of the US operations of Bridge Pharmaceuticals, Inc., an international provider of drug research and development services, in a management buyout. (Read more...)

American Hospital Service Group, Inc. Acquired by Chenega Corporation

W. Conshohocken, PA - November 2, 2009 – American Hospital Service Group, Inc. (“AHSG”), a professional healthcare staffing organization, was acquired today by Chenega Corporation. Terms of the deal were not disclosed. (Read more...)

Ditech Networks and SimulScribe Establish a Strategic Relationship to Market Voice to Text Applications

Mountain View, CA - September 11, 2009 - Ditech Networks (NASDAQ: DITC),a global leader in mobile voice processing applications, today announced it has entered into a strategic relationship with SimulScribe, in which Ditech Networks will be the exclusive global marketing and sales partner for SimulScribe's voice-to-text (VTT) applications to service providers and enterprises. (Read more...)

MonitorForHire.com Completes Management Buyout

W. Conshohocken, PA - June 30, 2009 – MonitorForHire.com, the leading on-line staffing solution for clinical research, completed a management buyout transaction of the company. (Read more...)

Hagelin & Company sells Fragrance Division to UK-Based CPL Aromas

Somerset, NJ - May 15, 2009 - Our client Hagelin & Company recently sold its fragrances business line to CPL Aromas. As the below statement from the buyer indicates, this transaction enables Hagelin to focus on its successful flavor formulations business and to invest in the development of new technologies. Fairmount Partners was pleased to advise Hagelin on this transaction and looks forward to continuing its relationship. (Read more...)

Clemens Development, LLC Subsidiary Closes Construction Loan

Hatfield, PA – May 11, 2009 – Funks Road Properties, LLC, a subsidiary of Clemens Development, LLC, closed on a $12,800,000 construction loan with Univest National Bank and Trust Co. and Fulton Bank for the 100,000 square foot expansion of Hatfield Quality Meats, Inc.’s cold storage warehouse capacity. Clemens Development, LLC is a real estate subsidiary of The Clemens Family Corporation which owns Hatfield Quality Meats, Inc., a leading manufacturer and supplier of fresh and processed quality pork products such as hams, bacon, sausage, hot dogs and deli meats. (Read more...)

AbCRO Completes Sale to PPD

W. Conshohocken, PA - April 20, 2009 – Today AbC.R.O., Inc. (AbCRO), a private Virginia corporation doing business as a contract research organization with operations in Central and Eastern Europe, announced its sale to PPD, Inc. (Nasdaq: PPDI). PPD is a leading global contract research organization providing pharmaceutical discovery, development and post-approval services as well as compound partnering programs, with offices in 38 countries and approximately 10,500 professionals worldwide. (Read more...)

PPD Announces Plans to Acquire AbCRO

February 9, 2009. PPD, Inc. (NASDAQ:PPDI) today announced it has entered into an agreement to acquire AbC.R.O., Inc. (AbCRO), a contract research organization operating in Central and Eastern Europe, which will further strengthen PPD’s presence in a high-growth, emerging region for clinical research. The acquisition gains PPD immediate entry into Romania, Bulgaria, Serbia and Croatia with established infrastructure and expertise, and also bolsters PPD’s existing staff and operations in Poland, Russia and Ukraine. Founded in 2000, AbCRO provides a full range of Phase II-IV clinical services, including clinical trial management and monitoring, patient recruitment, site identification and regulatory affairs. AbCRO employs more than 230 full-time professionals, many of whom have worked extensively with PPD over the past three years. (Read more...)

Synapsis Technology, Inc. acquired by Parametric Technology Corporation (PTC)

Needham, MA- December 10, 2008 - PTC (Nasdaq: PMTC), the Product Development Company®, today announced it has acquired the business assets of Synapsis Technology, Inc., based in Spring House, Pa. Synapsis provides environmental regulatory compliance solutions to leading customers including Motorola, Microsoft, Sony Ericsson, Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne and Cisco. The company is privately held and has approximately 25 employees. Financial terms of the acquisition were not disclosed. With this acquisition PTC will broaden its support for green product design and enable customers to achieve compliance with REACH and other environmental regulations. (Read more...)

ICON plc Acquires Prevalere Life Sciences Inc.

Dublin, Ireland - November 14th , 2008 -- ICON plc, (NASDAQ: ICLR; ISIN:IE0005711209), a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, today announced that is has acquired Prevalere Life Sciences Inc., a wholly owned subsidiary of ORS Labs Inc. Under the terms of the agreement ICON will pay an initial cash consideration of $35M. If certain performance milestones are achieved, a further consideration, up to a maximum of $8.2M may be payable. (Read more...)

PwC Acquires Entology, Inc.

W. Conshohocken, PA - October 30, 2008 - PricewaterhouseCoopers (“PwC”) LLP announced an agreement to acquire substantially all the assets of Entology, Inc., an enterprise technology solutions consulting firm and the leader in implementing Oracle® Security Solutions. Entology has been awarded the Oracle Titan Award for Excellence in Security and Identity Management in 2006, 2007 and 2008. Entology CEO Lawrence R. Prager will join PwC as a managing director and member of the firm's Oracle and Security practices. Financial details of this transaction were not publicly disclosed. (Read more...)

Clemens Development, LLC Closes Construction Loan

Hatfield, PA – October 22, 2008 – Clemens Development, LLC closed on a $19,000,000 construction loan with Wilmington Trust for its Hatfield Pointe retail center project in Montgomery County, Pennsylvania. Clemens Development, LLC is a real estate subsidiary of The Clemens Family Corporation which owns Hatfield Quality Meats, Inc., a leading manufacturer and supplier of fresh and processed quality pork products such as hams, bacon, sausage, hot dogs and deli meats. (Read more...)

Emergent Group, Inc. Acquires Surgical Services Division of PhotoMedex, Inc.

Montgomeryville, PA - Aug. 5, 2008 -- Fairmount Partners is pleased to announce the acquisition of the Surgical Services division of PhotoMedex, Inc. ("PHMD"), by PRI Medical Technologies, Inc. ("PRI"), a subsidiary of Emergent Group Inc. (AMEX: LZR), a leading provider of mobile medical lasers and surgical equipment. The PHMD Surgical Services division provides mobile laser services in 11 Northeast, Mid-Atlantic and Southeast states, serving 18 individual local markets, thus expanding PRI's geographic coverage to a total of 16 states. It is a fee-based procedures business using mobile surgical laser equipment operated by Company technicians at hospitals and surgery centers in the United States. (Read more...)

InfoLogix Acquires Aware Interweave, Inc.

HATBORO, PA – May 19, 2008 – InfoLogix, Inc. (NASDAQ: IFLG), a leading technology provider of enterprise mobility and advanced wireless asset tracking solutions for the healthcare and commercial industries, announced today that it has acquired the assets of Aware Interweave, Inc., a company specializing in enterprise mobility of critical business data for users of SAP® enterprise software. (Read more...)

Saints Capital Acquires Laureate Pharma, Inc.

WAYNE, PA – Safeguard Scientifics, Inc. (NYSE: SFE), a holding company which builds value in growth-stage technology and life sciences companies, today announced that it has closed the transaction with Saints Capital to exit its ownership position in five partner companies – Acsis, Inc., Alliance Consulting Group Associates, Inc., Laureate Pharma, Inc., Neuronyx, Inc. and ProModel Corporation. (Read more...)

CFC Logistics, Inc. Closes Term Loan

HATFIELD, PA – April 18, 2008 – CFC Logistics, Inc., a subsidiary of Clemens Development, LLC, closed on a $16,000,000 term loan with Univest National Bank and Trust Co. for its 250,000 square foot cold storage warehouse in Quakertown, Pennsylvania. (Read more...)

InfoLogix Acquires Delta Health Systems

HATBORO, PA – May 2, 2008 – InfoLogix, Inc. (NASDAQ: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that it has acquired substantially all the assets of Delta Health Systems, Inc. a company specializing in providing strategic cost management consulting services to hospitals across North America. (Read more...)

ICON plc acquired Healthcare Discoveries Inc.

DUBLIN, IRELAND, February 11th 2008 - ICON (NASDAQ: ICLR), a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, today announced that it has acquired Healthcare Discoveries Inc, a wholly owned subsidiary of Catalyst Pharma Group Inc. (Read more...)

Clemens Business Center, LLC Closes Mortgage Loan

HATFIELD, PA – December 20, 2007 – Clemens Business Center, LLC closed on an $8,000,000 mortgage loan with Genworth Life Insurance Company for its two new 80,000 square foot warehouses in Hatfield, Pennsylvania. (Read more...)

T. Williams Consulting, LLC Acquired by COMSYS IT Partners, Inc. (NASDAQ:CITP)

W. CONSHOHOCKEN, PA - December 19, 2007 - T. Williams Consulting, LLC (“TWC”), a leading Philadelphia-based provider of recruitment process outsourcing (RPO) and specialty HR consulting services, was acquired today by COMSYS IT Partners, Inc. (NASDAQ:CITP), a leading IT services company with 47 offices across the U.S. and offices in Canada and the U.K. Terms of the acquisition were not disclosed. (Read more...)

Bio-Trials Acquired by Quintiles Transnational Corp.

RESEARCH TRIANGLE PARK, N.C. – October 30, 2007 – Quintiles Transnational Corp. today announced that its Latin American subsidiary has purchased Bio-Trials, a leading Central American Clinical Research Organization (CRO) with headquarters in Panama and offices in Costa Rica, Guatemala, Ecuador and Peru. (Read more...)

Dynamic Imaging, LLC Acquired by GE Healthcare

BARRINGTON, IL and ALLENDALE, NJ, October 11, 2007 - GE Healthcare, a unit of General Electric Company (NYSE:GE), today announced that it has completed the acquisition of Dynamic Imaging, LLC (“Dynamic Imaging”), a leader in Web-based image and information management. (Read more...)

Building Technologies Group Acquired by Automated Logic Corp.

KENNESAW, Ga., Oct. 3 /PRNewswire/ -- Automated Logic Corp. (ALC) has acquired the business of Building Technologies Group, Inc. (BTG), an independent controls contractor serving the greater New York City and New Jersey marketplace. Terms of the deal were not disclosed. (Read more...)

InfoLogix Acquires Healthcare Informatics Associates Inc. (HIA)

HATBORO, PA – October 2, 2007 – InfoLogix, Inc. (NASDAQ: IFLG), a leading technology provider of mobile enterprise solutions for the healthcare and commercial industries, announced today that it has acquired Healthcare Informatics Associates, Inc. (HIA), a leading management and clinical/financial systems consulting company dedicated to the healthcare industry. (Read more...)

The GenSight Group Secures $3 Million in First Round of Funding

BALA CYNWYD, Pa. & LONDON-- September 27, 2007 - GenSight, a provider of Project Portfolio Management (PPM) software, has secured its first round of funding with a $3 million investment from SIG Strategic Investments, LLLP, an affiliate of Susquehanna International Group, LLP (SIG). (Read more...)

Assent Consulting acquired by Cross Country Healthcare, Inc. 

W. CONSHOHOCKEN, PA – July 18, 2007 - Cross Country Healthcare, Inc. (Nasdaq:CCRN) announced today that its ClinForce subsidiary has completed the previously disclosed acquisition of the shares of privately-held Assent Consulting for $19.6 million in cash. (Read more...)

Mitos Technologies, Inc. Acquired by Parker Hannifin Corporation (NYSE: PH)

W. CONSHOHOCKEN, PA – July 2, 2007 - Mitos Technologies, Inc., a manufacturer of fluid-handling products and systems, was acquired today by Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies. (Read more...)

Pegasus Tower Company, Ltd. Raises Mezzanine Capital

W. CONSHOHOCKEN, PA – June 20, 2007 - Pegasus Tower Company, Ltd., a developer of wireless communications towers, has successfully completed a mezzanine debt raise with an investment fund. Fairmount Partners advised Pegasus in the transaction, the details of which were not disclosed. (Read more...)

AKOS Ltd. acquired by Cross Country Healthcare, Inc. 

W. CONSHOHOCKEN, PA – June 6, 2007 - AKOS Limited, a premier provider of drug safety/pharmacovigilance regulatory and clinical trial services headquartered outside of London, England, announced its sale to Cross Country Healthcare, Inc. (NASDAQ: CCRN), a leading provider of healthcare staffing services in the United States. (Read more...)

InfoLogix, Inc. Acquires Healthcare Mobility Services and RFID Business from AMTSystems, Inc.

HATBORO, PA – May 10, 2007 – InfoLogix, Inc. (OTCBB: IFLG), a leading provider of mobile intelligence solutions to over 1,100 hospitals in North America, announced today it has acquired the healthcare mobility services and RFID business of AMTSystems, Inc., including the technology solutions that are currently used in over 400 hospitals internationally. (Read more...)

Molecular Medicine Bioservices Acquired by Sigma Aldrich

ST. LOUIS, MO - May 8, 2007 - Sigma-Aldrich (Nasdaq:SIAL) Corporation announced today that it has acquired Molecular Medicine BioServices Inc. (MMB), a biopharmaceutical contract manufacturing organization (CMO) located in Carlsbad, California, to further enhance the biologics capabilities within its SAFC Pharma business segment. (Read more...)

INC Research Acquires Advanced Biologics

RALEIGH, NC - April 18, 2007 — INC Research®, a therapeutically focused contract research organization with a trusted process for delivering reliable results, today announced the strategic acquisition of Advanced Biologics to strengthen its Infectious Disease practice. Advanced Biologics is a full-service contract research organization (CRO) specializing in full-service clinical development to the pharmaceutical and biotechnology industries worldwide. (Read more...)

Humanicare International acquired by Whitestone Corporation
BLOOMINGTON, IN and EAST BRUNSWICK, NJ -Jan 23, 2007 - Whitestone Corporation ("Whitestone") and Humanicare International ("Humanicare") today announced that Whitestone has acquired Humanicare to form a leading provider of products for the adult incontinence care markets. Terms of the transaction were not disclosed.  (Read more...)

ALTA Analytical Lab Acquired by Intertek Group plc

LONDON, UNITED KINGDOM – November 30, 2006 – Alta Analytical Laboratory, a leading provider of immunochemistry and LC-MS/MS bioanalytical services, was acquired by Intertek Group Plc (London Stock Exchange: ITRK), a leading international provider of quality, testing and safety services, for a total consideration of approximately $25.5 million in cash.  (Read more...)

InfoLogix, Inc. Completes Private Placement and Merger, Creating Newly Public Company
HATBORO, PA - December 1, 2006 - InfoLogix, a leading provider of mobile technology solutions for the healthcare and commercial markets, announces the completion of a $17 million equity financing round.

(Read more...)
 

INC Research Acquires Pharmaceutical Resource Corporation
RALEIGH, NC - September 19, 2006 - INC Research®, a therapeutically focused contract research organization with a trusted process for delivering reliable results, announced today that it has acquired Pharmaceutical Resource Corporation (PRC), a suburban Philadelphia-based contract research organization (CRO) specializing in adult and pediatric trials in phases IIIb and IV. (Read more...)
 

Clemens Family Corporation Closes Credit Facilities
HATFIELD, PA – September 14, 2006 – The Clemens Family Corporation (“CFC”) and its primary subsidiary, Hatfield Quality Meats, Inc. (“Hatfield”), closed on $60,000,000 in credit facilities with a syndicate of lenders led by MidAtlantic Farm Credit, ACA. (Read more...)
 

MDS Inc. Blainville Operations acquired by Warnex Inc.
W. CONSHOHOCKEN, PA – August 31, 2006 – MDS Inc. (TSX: MDS; NYSE: MDZ) ("MDS"), based in Toronto, Canada, completed the divestiture of their Blainville, Quebec-based operations.

Metropolitan Research acquired by Cross Country Healthcare

W. CONSHOHOCKEN, PA – Aug 31, 2006 – Metropolitan Research Associates, LLC and Metropolitan Research Staffing Associates, LLC (collectively “Metropolitan Research”) was acquired by Cross Country Healthcare, Inc (Nasdaq:CCRN) for total consideration of $25 million, including $18.6 million in cash plus a potential earn-out of up to $6.4 million.  (Read more...)

Horvath Communications Towers Completes 79 Tower Deal with SBA Communications
W. CONSHOHOCKEN, PA – Aug 2, 2006 – Horvath Communications Towers, which owns 79 towers in several Midwest and Eastern metropolitan areas, has successfully completed its sale to SBA Communications.  (Read more...)

Fusion Technologies acquired by Alliance Consulting Group
W. CONSHOHOCKEN, PA – July 16, 2006 – Fusion Technologies, a provider of global delivery IT services, announced today that it had been acquired by Alliance Consulting Group.  (Read more...)

Pegasus Tower Company, Ltd. Raises $20 Million in Equity for New Partnership
RICHLANDS, VA – June 2, 2006 - Pegasus Tower Company, Ltd, a Richlands, Virginia based wireless tower developer and manager, announced the formation of a strategic partnership with Peppertree Capital Fund LP and Primus Capital Fund V, both of Cleveland, Ohio.  (Read more...)

MDS Inc. Tampa Operations acquired by Xcelience, LLC
W. CONSHOHOCKEN, PA – May 11, 2006 – MDS Inc. (TSX: MDS; NYSE: MDZ) ("MDS"), based in Toronto, Canada, completed the divestiture of their Tampa-based drug development operations.  (Read more...)

Essex Grain acquired by Skidmore Sales and Distributing Company
W. CONSHOHOCKEN, PA – April 3, 2006 – Essex Grain Products, Inc. (“Essex”), headquartered in Frazer, PA, announced today that it has been acquired by Skidmore Sales and Distributing Company, Inc.  (Read more...)
 

Maxwell Systems Acquired by LLR Partners

W. CONSHOHOCKEN, PA – February 1, 2006 – Principals at Fairmount Partners represented Maxwell Systems in its sale to LLR Partners.

SwissQual AG Acquired by Spirent plc

W. CONSHOHOCKEN, PA – January 23, 2006 - Spirent plc (LSE: SPT; NYSE: SPM), a leading U.K.-headquartered communications technology company, today announced that it has entered into an agreement to acquire SwissQual Holding AG.  (Read more...)

Hill Top Research Acquired by DW Healthcare Partners

W. CONSHOHOCKEN, PA – December 29, 2005 – Principals at Fairmount Partners represented Hill Top Research in its sale to DW Healthcare Partners. (Read more...)

Safeguard Scientifics, Inc. Acquires Acsis, Inc.

W. CONSHOHOCKEN, PA - December 6, 2005 - Safeguard Scientifics, Inc. (NYSE: SFE) announced today that it had completed the acquisition of Acsis, Inc., of Marlton, NJ, for approximately $26 million in cash. (Read more...)

IntelliMark Holdings, Inc. acquires Impact Innovations Group

W. CONSHOHOCKEN, PA - December 5, 2005 - IntelliMark Holdings, Inc. announced today that it has acquired Impact Innovations Group.  (Read more...)

Pharmaceutical Resource Solutions LLC Acquired by Ventiv Health, Inc.

W. CONSHOHOCKEN, PA - August 8, 2005 - Ventiv Health, Inc. (Nasdaq: VTIV) today announced that it has successfully completed the acquisition of privately-held Pharmaceutical Resource Solutions LLC (PRS), a leading provider of compliance management and marketing support services based in Horsham, Pennsylvania. (Read more...)

Skeletech, Inc. Acquired by MDS Inc.

W. CONSHOHOCKEN, PA – August 5, 2005 – Principals at Fairmount Partners represented Skeletech, Inc. in its sale to MDS Inc. (Read more...)

Charles S. Hayes Inc. Completes Sale of Certain Tower Assets to Global Signal

W. CONSHOHOCKEN, PA – July 28, 2005 – Charles S. Hayes Inc., a leading developer of wireless communications towers in the state of Indiana, has successfully completed a sale of certain tower assets to a subsidiary of Global Signal, Inc., based in Sarasota, Florida. (Read more...)

PharmData, Inc. Acquired by Premier Research Group plc

W. CONSHOHOCKEN, PA – July 19, 2005 – Principals at Fairmount Partners represented PharmData, Inc. in its sale to Premier Research Group plc.

Ditech Communications Corporation Acquires Jasomi Networks

W. CONSHOHOCKEN, PA - June 30, 2005 - Ditech Communications Corporation, (Nasdaq: DITC), a leader in the development of voice processing systems for communications networks, completed its previously announced acquisition of Jasomi Networks of Mountain View, California and Calgary, Alberta, Canada. (Read more...)

EPA Euro Pharma Auftragsforschung Acquired by Premier Research Group plc

W. CONSHOHOCKEN, PA – June 7, 2005 – EPA Euro Pharma Auftragsforschung was acquired by Premier Research Group plc.

Synprotec Ltd. Acquired by Dishman Pharmaceuticals and Chemicals Ltd

W. CONSHOHOCKEN, PA – June 1, 2005 – Principals at Fairmount Partners represented Synprotec Ltd. in its sale to Dishman Pharmaceuticals and Chemicals Ltd.

Horvath Communications Completes Sale of Certain Tower Assets to Global Signal

W. CONSHOHOCKEN, PA – May 25, 2005 – Horvath Communications, Inc., a leading developer and manager of wireless communications towers in the Midwest, has successfully completed a sale of certain tower assets to a subsidiary of Global Signal, Inc., based in Sarasota, Florida. Horvath Communications continues to own over 50 towers and to manage an additional 500 sites, with another 30 sites in development. Fairmount Partners acted as advisor to Horvath Communications in the sale transaction. (Read more...)

Healthworks Alliance, Inc. Acquired by Passport Health Communications, Inc.

Perfect Order, Inc. acquired by Versatile Mobile Systems Inc.

Dynamic Imaging LLC Completes Capital Raise

WhittmanHart, Inc. acquires Insight Interactive Group, Inc.

Andrew Corporation acquires Xenicom Ltd.

Horvath Communications Completes Capital Raise

Halifax Corporation Acquires AlphaNational Technology Services, Inc.

STATPROBE, inc. has been sold to i3 Research, an ingenix/UnitedHealth Group Company

Elite Health Solutions Completes Debt and Equity Financing

FindWhat.com Completes Acquisition of B & B Enterprises Assets

FORT MYERS, FL – June 4, 2004 – FindWhat.com (Nasdaq: FWHT) filed Form 8-K announcing that it completed its acquisition of certain of the assets of B & B Enterprises, Inc., a New Jersey corporation (“BBE”).  (Read more...)

Internet Capital Group Closes Financing, Begins Process of Redeeming Existing Convertible Notes Due December 2004

WAYNE, PA – May 10, 2004 – Internet Capital Group, Inc. (Nasdaq: ICGE; “ICG”) announced today that it has completed the previously announced private placement of $60 million principal amount of 5% convertible notes due April 2009 (the “Notes”). The Notes are convertible into ICG common stock at a conversion price of $9.108 per share (as adjusted for the reverse stock split). (Read more...)

Fairmount Partners Forms Strategic Alliance with Regent Associates

W. CONSHOHOCKEN, PA - May 6, 2004 – Fairmount Partners, an independent investment banking firm focused on the needs of emerging growth and middle market companies and Regent Associates, Europe’s leading financial advisor to technology organizations, have formed a strategic alliance to serve their clients who have international investment banking requirements, especially cross-border mergers and acquisitions. (Read more...)

Sigma-Aldrich Acquires Ultrafine to Enhance Fine Chemicals Capabilities

ST. LOUIS, MO - April 14,2004 - Sigma-Aldrich Corporation (Nasdaq: SIAL) announced today that it has enhanced its Fine Chemicals capabilities to serve pharmaceutical and biotech manufacturers through its acquisition of Ultrafine. Founded in 1984 and institutionally backed, Ultrafine is located in Manchester, U.K. and is a leading supplier of contract chemistry services for all phases of drug development to customers world-wide, with capabilities ranging from fundamental research to GMP manufacturing, including the ability to supply active ingredients for clinical trials. Ultrafine's life science catalogue also currently offers more than 130 products which enable its customers to expedite drug discovery and development. (Read more...)

Symantec Completes ON Technology Acquisition

WEST CONSHOHOCKEN, PA - Feb. 19, 2004 - Please join us in congratulating our client ON Technology (NASDAQ: ONTC) on its recent sale to Symantec Corporation (NASDAQ: SYMC) for over $101.2 million. ON Technology provides application lifecycle management software, enabling the automated deployment, upgrade and management of software applications. (Read more...)

Photon-X Completes Sale of Business

MALVERN, PA – Dec. 31, 2003 – Photon-X, Inc., a provider of integrated polymer photonics for optical communications, completed the sale of its business to a private group of investors.  

Terms of the deal were not disclosed.  Previous investors in the Company included InterWest Partners, The Infrastructure Fund, Center Point Ventures, JDS Uniphase and Goldman Sachs. (Read more...)

Symantec to Acquire ON Technology

CUPERTINO, CA and WALTHAM, MA – Oct. 27, 2003 – Symantec Corp. (Nasdaq: SYMC) and ON Technology Corp. (Nasdaq: ONTC) today announced that their boards of directors have approved the acquisition of ON Technology by Symantec in a cash transaction valued at approximately $100 million. ON Technology’s enterprise infrastructure management solutions will further strengthen Symantec’s existing enterprise administration business and provide an ideal complement to the company’s enterprise security business.

Under the terms of the agreement, ON Technology shareholders will receive $4 per share. The transaction is subject to customary closing conditions, including ON Technology shareholder approval and regulatory approvals, and is expected to close by March 2004. (Read more...)

Fairmount Partners to participate in annual NACCB Conference

The National Association of Computer Consulting Businesses (NACCB) is holding its 2003 annual conference in Dallas, Texas on October 22nd to 24th. NACCB is the leading trade organization for Information Technology (IT) consulting and staffing companies. Dick Thatcher and Larry Robinson of Fairmount will be participating in the conference and available to meet with IT firms who wish to discuss their financing and/or merger/acquisition/sale objectives. To arrange a confidential meeting, Dick and Larry can be contacted at 610-260-6238 and 610-260-6272 respectively or via e-mail at dick.thatcher@fairmountpartners.com or larry.robinson@fairmountpartners.com.

Group 1 Software Completes Purchase of Sagent Assets

LANHAM, MD and MOUNTAIN VIEW, CA - Oct. 1 - Group 1 Software (Nasdaq: GSOF) and Sagent Technology, Inc. (OTC Bulletin Board: SGNT) today announced completion of the acquisition of the Sagent assets by Group 1.  "We are very pleased to complete the Sagent transaction, which enables us to offer the market's widest array of data quality, integration and enrichment technologies," said Bob Bowen, CEO of Group 1 Software. "Sagent gives us leading data integration and business geographics software, talented personnel and a wealth of new customers worldwide. Additionally, Sagent's strong global presence provides strategic sales and distribution opportunities for Group 1's core technology in growing markets such as Japan, South Korea, China and others areas of Southeast Asia while increasing Group 1's market strength in Europe. Domestically, our sizable sales organization is well positioned to increase the market opportunities for Sagent's data integration and business geographics technologies." (Read more...)

Fairmount Partners Advises Halifax Corporation in Acquisition of Microserv, Inc.

ALEXANDRIA, VA - Sept. 2 - Halifax Corporation (Amex: HX) today announced that on August 29, 2003, it completed its acquisition of Microserv, Inc., a hardware maintenance solutions company, located in suburban Seattle, Washington. Founded in 1985 and privately held, Microserv provides high-availability hardware maintenance services to a nationwide customer base. Halifax acquired the outstanding stock of Microserv for a total value of approximately $3.0 million, excluding earn-out arrangements.

According to Charles McNew, president and CEO, "We are pleased to welcome Microserv to the Halifax family as we complete this important step in the evolution of our services platform. As previously discussed, we expect this acquisition to be accretive to earnings in the first year while increasing our second-half revenues by 15 to 20 percent. Furthermore, we have expanded our geographic base and strengthened our service delivery capability. Microserv also adds a number of prestigious customers to our roster, and enhances our ability to grow our partnership arrangements with the global service provider community. It should also be noted that Fairmount Partners, our financial advisor, was instrumental in helping us to successfully complete this transaction." (Read more...)

Fairmount Partners Advises on Acquisition of The Clinical Research Center by MDS Pharma Services

Montreal, Canada - June 27, 2003 - MDS Pharma Services, a leading provider of innovative drug discovery and development solutions, is expanding the scale and scope of its early clinical research business with its acquisition of The Clinical Research Center, a Phase I-IV study facility in New Orleans, Louisiana, specializing in renal, hepatic, hypertension, diabetes, acute pain and osteoarthritis research. Jerry Merritt, Sr. Vice President and General Manager of Early Clinical Research, said the acquisition enhances the company's capabilities in specialized patient populations while further establishing MDS Pharma Services' position as the largest early clinical research provider in the industry with more than 900 beds.  (Read more...)

Fairmount Partners Advises Management Led Group on Tender Offer for the Judge Group, Inc. Public Shares

Bala Cynwyd, PA - June 18, 2003 - Judge Group Acquisition Corporation, a Pennsylvania corporation controlled by Martin E. Judge, Jr., Chairman of the Board and Chief Executive Officer of The Judge Group, Inc., Michael A. Dunn, President of The Judge Group, Inc. (the "Purchaser"), today announced the successful completion of their tender offer for the shares of The Judge Group, Inc. (NASDAQ-JUDG) not previously owned by Purchaser, Mr. Judge, Mr. Dunn and certain employees, including officers and directors of Judge Group, certain of their respective family members and affiliates and other non-employees and non-family members (the "Continuing Shareholders") at a price of $1.05 per share in cash, without interest, less any required withholding taxes.  (Read more...)

Fairmount Partners LLC Announces Formation

West Conshohocken, PA - June 1, 2003 - Fairmount Partners LLC, an independent investment banking boutique focused on the needs of middle market and emerging growth companies today announced its formation. The founding partners of Fairmount all worked together for over five years at PMG Capital and then for two years at Investec Inc., a global financial services firm which purchased PMG Capital in 2001 and which elected to leave the investment banking market in the United States earlier this year.

Fairmount Partners provides a complete range of investment banking and capital advisory services for its clients including merger and acquisition advisory, financial advisory, fairness opinions and valuations, and strategic advisory.