Network Partners offers packaging engineering, labelling, regulatory affairs, quality assurance and project management consulting services to medical device and pharmaceutical firms
BPOC has invested in Networking Packaging Group. (Credit: MasterTux from Pixabay)
Chicago-based private equity company BPOC has made a strategic growth investment in Networking Packaging Group (Network Partners).
The financial terms of the deal were not disclosed.
Established in 2015, Network Partners provides consulting services to major global medical device and pharmaceutical companies.
With a team of more than 250 professionals across the US, Network Partners offers packaging engineering, labelling, regulatory affairs, quality assurance and project management consulting services.
The company deals with packaging projects of all shapes and sizes for different clients. Its services include design and development, validation, protocols and procedures, test plans and testing services.
Network Partners also tackles typical labelling projects, including label system implementation, virtual label management, revising label content and rebranding.
Network Partners co-founder and CEO Tim Early said: “Network Partners has grown to become a recognised leader in the life sciences consulting market.
“Together, we believe this partnership will allow us to continue to expand our services and capabilities to better serve our customers.”
In March last year, Network Partners had acquired The FlexPro Group to expand its pharmaceutical and biotech offering.
BPOC’s investment will help Network Partners to expedite its growth by expanding into new verticals, adding new services and enhancing geographic presence.
BPOC partner Pete Magas said: “As medical device and pharmaceutical markets become more complex, companies are increasingly looking to external resources to provide the expertise and specialised knowledge needed to navigate these complexities.”
Align5 acted as a financial advisor, while Saul Ewing Ernstein & Lehr serves as legal counsel to Network Partners on the deal.
CMD Global Partners served as financial advisor to BPOC, while Paul Hastings acted as legal counsel and Twin Brook Capital Partners offered debt financing to the company.