BPOC, a healthcare investor, has made a strategic growth investment in Networking Packaging Group LLC, a provider of consulting services to medical device and pharmaceutical companies.
Network Partners provides specialized expertise to help bring life-saving products to market for medical device and pharmaceutical companies. The firm has a 250 person team delivering packaging engineering, labeling, regulatory affairs, quality assurance and project management consulting services. The investment will be used to accelerate growth through expansion into new verticals and geographic reach while adding new services.
“As medical device and pharmaceutical markets become more complex, companies are increasingly looking to external resources to provide the expertise and specialized knowledge needed to navigate these complexities,” said Pete Magas, partner at BPOC. “We have been extremely impressed with Network Partners’ team and the success they have achieved to date. We look forward to supporting the company’s growth strategies and long-term vision through this strong partnership.”
Align5 served as financial advisor and Saul Ewing Ernstein & Lehr, LLP served as legal counsel to Network Partners in connection with the transaction. CMD Global Partners, LLC acted as financial advisor to BPOC, Paul Hastings, LLP served as legal counsel and Twin Brook Capital Partners provided debt financing.