Private equity firm Permira announced today that it will acquire Lyophilization Services of New England (LSNE), a contract developer and manufacturer in both the pharmaceutical and medical device industries.
Permira is buying the company in partnership with management. LSNE founder and CEO Matt Halvorsen will still hold a significant equity stake in the company and will continue to lead the company.
Financial terms of the deal were not disclosed. Permira and LSNE officials expect the deal to close in the second quarter of 2017, pending customary closing conditions.