Sale of CRF Health to Vitruvian Partners LLP

Deal typeM&A
IndustryLife Sciences

BDO is pleased to announce that our M&A team acted as lead advisor to the Management of CRF Health (“CRF”) on the sale of the business to Vitruvian Partners LLP, a leading European private equity house. The deal was completed on 15 January 2015, terms are undisclosed. CRF is a leading provider of electronic clinical outcome assessments (eCOA) for the life sciences industry. The business has seen significant growth in recent years driven by increasing global demand for eClinical data solutions. CRF’s solutions have been used in more than 550 clinical trials across 74 countries, utilising over 90,000 devices. BDO also provided tax advice to the Management team.           

“We were really impressed with BDO throughout the process. The team displayed considerable technical expertise and commercial awareness, not least in the pragmatic and positive way they handled the negotiations with each of the prospective bidders. In addition, they showed real patience in communicating the principles of private equity to the executive members of the team. Their dedication was invaluable to securing an excellent result for the management team, and we look forward to working with them again in the future.”      

Steve Kent, Non-Executive Chairman, CRF Health