Middle-market private equity firm Genstar Capital has purchased Bracket Global LLC., a clinical trial technology provider, from Parthenon Capital Partners. Financial terms of the deal were not disclosed.
Bracket is a medical research support service provider based in Wayne, Pennsylvania. The target offers data collection and storage, manages clinical trials, and provides training and certification services for healthcare clients worldwide. Bracket employs more than 700 employees and has nine offices across the U.S., Europe and Asia. Jefferies Group LLC (NYSE: JEF) served as financial adviser to Bracket, in addition to Cain Brothers & Co. LLC.