JEGI CLARITY acted as advisor to Providence-backed Chime, a global advertising and marketing services business and the majority shareholder in OPEN Health.
OPEN Health is one of Europe’s largest independent health communications and market access companies with leading market positions in Medical Communications; Patient and Brand Communications; Value, Insight and Evidence as well as Consulting and Commercialization. Headquartered in the UK, the business employs over 300 people across UK, North America and the Middle East and has over 100 clients globally including many of the world’s largest pharmaceutical companies.
The acquisition by Amulet Capital will see OPEN Health being merged with its existing portfolio company, Peloton Advantage, a North American based medical communications company specializing in strategic publication planning and associated content development for medical education programs. Peloton’s teams support US and global accounts for large and small pharmaceutical, biotechnology, and medical device companies, contributing to the success of more than 100 products spanning all major therapeutic areas.
Post-merger, the combined entity will operate in 7 locations across 3 continents, with approximately 520 employees and will serve over 90% of the world’s top 40 pharmaceutical companies.
This was an important transaction for Chime and the JEGI CLARITY team delivered on all of our expectations. They orchestrated the entire process to a very high standard, providing both strategic insight and advice combined with focused and disciplined execution. We’d be delighted to work with them again.
Gareth Bowhill, Head of M&A and Group Treasurer, Chime Communications
Given their experience and reputation in the sector, JEGI CLARITY were the obvious choice for us and they delivered everything we hoped for and more.
Tom Hodges, Director, Providence Equity Partners