With backing from private equity group CBPE Capital, Simbec-Orion is on the hunt for assets to increase its US presence. The private equity group, through its £459m CBPE Capital Fund IX, has financed a management buyout at the CRO and is committed to providing further finance for further international growth and expansion by Simbec-Orion. CBPE acquired its majority stake by buying the stake owned by the Welsh Government-backed Welsh Life Sciences Investment Fund.
Created in 2014 by the merger of Simbec Research and Orion Group, Simbec-Orion has been on a fast growth trajectory seeing revenues increase from £13.2m in 2014 to an expected...
