Arcline Investment Management, a growth-oriented private equity firm, has acquired ChargePoint Technology Holdings Limited. ChargePoint is anticipated to be the first of several acquisitions as Arcline builds a specialty process technologies platform focused on pharmaceutical and biopharmaceutical end markets.
Arcline commented, “ChargePoint supports the production of life-saving therapies by providing best-in-class containment and aseptic transfer technologies to pharmaceutical and biopharmaceutical companies. Specifically, the company’s products provide industry-leading solutions for handling highly potent active pharmaceutical ingredients (HPAPIs) and sterile drug products across the most demanding drug manufacturing applications in the areas of oncology, diabetes, and other highly toxic therapies. We are committed to supporting ChargePoint in its next phase of growth through investments in product development, go-to-market capabilities, and add-on acquisitions.”
Chris Eccles, CEO of ChargePoint, added, “We are excited to partner with Arcline, a firm that shares our passion for providing our customers with safer containment and sterile transfer technologies, which are critical to the future of medicine. We look forward to expanding our critical role in pharmaceutical manufacturing and bioprocessing as we invest in our next phase of growth.”
GCA Altium served as financial advisor and Eversheds Sutherland LLP provided legal counsel to Arcline in connection with the acquisition.