Great Point Partners Celebrates 20 Years of Growth
17 April 2024 - 2:01PM
Business Wire
GPP commemorates significant milestones
achieved since inception, including 26 platform acquisitions, over
100 tuck-ins and the opening of a European office
Great Point Partners (“GPP”), a Greenwich-based private
investment firm focused exclusively on the health care industry,
celebrated its 20th anniversary of partnering with growing health
care companies and helping them achieve their full potential.
Since the firm’s inception in 2003, GPP has grown from a
three-person team to a global team of 30 professionals in the U.S.
and London. At a time when long-term secular growth drivers support
rising health care demand, with global health care spend having
grown more than 40% from 2018 to 2022 (World Economic Forum, 2023),
GPP has continued to harness deep expertise across the health care
sector, with a particular emphasis on biopharmaceutical services
and supplies, alternate site care, medical device contract
manufacturing and information technology enabled businesses.
In the twenty years since its founding, GPP has achieved a
number of significant milestones:
- 37 Platform Acquisitions: Great Point Partners I (GPP I,
$156 million), Great Point Partners II (GPP II, $215 million),
Great Point Partners III (GPP III, $306 million) and Great Point
Partners IV (GPP IV, $507 million) invested in 26 growing health
care companies.
- Over 100 Tuck-in Acquisitions: Through its proactive,
proprietary approach to sourcing investments, leveraging its
dedicated sourcing team of eight people, the firm has completed
over 100 tuck-in acquisitions, averaging four tuck-in acquisitions
per exited portfolio company.
- BioMedical Value Fund (“BMVF”) Investments: BMVF employs
a deep value, fundamentals-focused investment approach and
leverages a research team with advanced science and medical degrees
to identify asymmetric risk-reward dynamics within the universe of
publicly traded life sciences companies. The firm has completed
over 225 directly negotiated investments through BMVF, which
invests exclusively in small and mid-capitalization, publicly
traded biotechnology and life sciences companies that are changing
the ways diseases are treated.
- Expanded Geographical Footprint: From three employees at
inception, GPP now employs 30 employees between its headquarters in
Greenwich, CT, and a newly opened office in London, created to
expand the firm’s ability to help growing health care companies
reach transatlantic scale. The firm’s Managing Directors have more
than 90 collective years of experience.
“I am incredibly proud of all that our talented team has
achieved over the last 20 years, and I believe the depth of our
health care expertise and business development capabilities
positions us for continued growth far into the future,” said Dr.
Jeffrey Jay, Founder and Managing Partner of GPP. “We look forward
to building on this momentum in the years ahead and continuing to
create substantial value for customers and end-markets across the
health care ecosystem.”
About Great Point Partners
Great Point Partners, founded in 2003 and based in Greenwich,
CT, is a leading health care investment firm with 30 professionals,
investing in the United States, Canada, and Western Europe. GPP is
currently making new minority and majority private equity
investments from GPP IV. Great Point manages approximately $1.7B of
capital (including committed and uncalled capital) in its private
funds and public life sciences equity strategy (BioMedical Value
Fund). Great Point Partners has provided growth equity, growth
recapitalization, and management buyout financing to more than 100
growing health care companies. The private equity funds invest
across all sectors of the health care industry with a particular
emphasis on biopharmaceutical services and supplies, alternate site
care, medical device contract manufacturing and information
technology enabled businesses. The firm pursues a proactive and
proprietary approach to sourcing investments and tuck-in
acquisitions for its portfolio companies.
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