Berkshire Buying Into United BioSource
A couple of months ago, I mentioned that Berkshire Partners had been particularly quiet on the deal-making front. Just one PIPE and a pair of bolt-on acquisitions since October 2007. Pretty slow for a firm investing out of a $3.1 billion fund raised in 2006. Well, it still hasn’t done a traditional LBO (that we know of), but the Boston-based firm has agreed to sponsor a partial recap of United BioSource, a Bethesda, Md.-based company that previously raised well over $150 million from firms like Grotech Capital Group, J.H. Whitney and New Enterprise Associates (closer to $220m, according to VentureXpert database).
6 October 2009•1 min read
