Water Street Announces Agreement to Invest in Solvias
Water Street, a leading private equity firm, has announced an agreement to invest in Solvias, a Swiss-based provider of contract research, development and manufacturing services to the life sciences industry. The financial terms of the investment were not disclosed.
The investment in Solvias marks the latest move by Water Street to expand its portfolio in the life sciences sector. The private equity firm already has a number of investments in the healthcare industry, including contract development and manufacturing organizations (CDMOs), pharmaceutical companies, medical device manufacturers, and healthcare service providers.
According to Water Street’s Managing Partner, Tim Dugan, the investment in Solvias is a strategic move that will enable the company to expand its capabilities and services to meet the growing needs of its customers.
“Solvias is an ideal partner for Water Street. The company’s depth of expertise in chemical and analytical development, combined with its state-of-the-art facilities and equipment, make it a leader in the contract research and development sector,” Dugan said.
Solvias was founded in 1999 and has grown to become a leading provider of contract research, development and manufacturing services to the life sciences industry. The company’s services include chemical and analytical development, GMP manufacturing, and solid-state research and development.
“We are excited to partner with Water Street to continue to grow and expand our services to meet the needs of our customers,” said Dr. Karen Huebscher, CEO of Solvias.
The investment in Solvias is expected to help the company expand its services and capabilities, increase its global reach, and accelerate its growth in the life sciences industry.
The move by Water Street to invest in Solvias is yet another sign of the growing interest in the life sciences sector among private equity firms and investors. With the industry poised for strong growth in the coming years, we can expect to see more deals and investments in the space in the near future.