News | Press Releases
For Immediate Release
BIA Digital Partners Provides Investment Backing glendonTodd Capital’s Acquisition of Chemical Information Services
CHANTILLY, VA, February 28, 2011 - BIA Digital Partners announced today its investment backing the acquisition of Chemical Information Services (CIS) from Vendome Group by glendonTodd Capital, Hoak & Co., and other investors. glendonTodd Capital LLC, is a private investment firm that focuses on middle market technology-enabled business services companies.
Based in Dallas, Texas, CIS is the essential, most trusted provider of information services to the pharmaceutical and chemical industries in more than 140 countries worldwide. CIS has served procurement and sourcing specialists for more than 40 years through its proprietary Directory of World Chemical Producers (DWCP) and other databases.
The F&M Bank & Trust Company is the senior lender for the transaction; BIA Digital Partners provided mezzanine and equity investment. Vendome Group was advised by MHT Partners.
“We at glendonTodd Capital LLC are pleased to have led an investor group in the successful acquisition of CIS, an established company that presents a strong platform for significant growth opportunities to further build upon its 40-year position as a leading source of insights and services to the chemical and pharmaceutical industries,” said Todd Furniss, Managing Partner of glendonTodd Capital LLC. “We are most appreciative of BIA Digital Partners responsiveness and their experience with technology-enabled business services businesses. They were instrumental in enabling us to move the transaction forward in a diligent and timely manner.”
“BIA Digital Partners has invested in a number of information services companies, and we find CIS to have a loyal and growing customer base in an important, global industry sector”, stated Scott Chappell, Principal of BIA Digital Partners. “We believe the management team will utilize the growth capital provided by us and the other investors to continue adding functionality and thus maximize the value of CIS to its customers. The glendonTodd Capital team has crafted a confident growth plan for 2011 and beyond which the CIS management team has enthusiastically adopted. We look forward to a long and profitable relationship with CIS.”
For additional information on BIA Digital Partners, please contact Scott Chappell or Gretchen Dowling at (703) 227-9600 or visit our website at www.biadp.com.
About BIA Digital
BIA Digital Partners is a private investment firm, managing approximately $280 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid- to later-stage companies operating in the media and entertainment, telecommunications, information, education, business and consumer services industries. Investments generally range from $5 to $15 million and are typically in the form of subordinated debt with warrants or preferred equity. For more information on BIA Digital Partners, please visit www.biadp.com.
About Chemical Information Services LLC
Chemical Information Services LLC is the world leader in providing distribution, regulatory, innovative, production and safety information to the chemical and pharmaceutical industries. Their flagship product, the Directory of World Chemical Producers, is the choice of sourcing professionals around the globe for over 40 years. Recently, CIS has partnered with Becker & Associates, an industry leader in the identification of and production processes of life science molecules from basic commodities through the most complex fine chemicals. Their Future Generics database will provide companies with a Global Resource for Life Science Molecules from Discovery to Market. Additional information on Chemical Information Services can be found at www.chemicalinfo.com.
About glendonTodd Capital LLC
glendonTodd Capital is a private equity firm focused on companies in the technology enabled business services sector and healthcare sector. The firm has a global orientation, strong operational background and holds firm the belief that investments led by people who have experience in the industries in which they are investing makes a material difference in the quality of the investment outcome. For more information, visit www.glendontodd.com.