KPS Life

Private | Senior Debt Refinancing | Santander Bank

Leading Stand-alone functional service provider that offers global functional clinical trial outsourcing services to pharmaceutical and biotech companies of all sizes across all phases of clinical trials.

Case

Delancey Street Partners is pleased to announce that KPS Life, LLC (“KPS Life”) has completed a senior debt financing with Santander Bank, N.A. (“Santander Bank”). Delancey Street Partners served as exclusive financial advisor to KPS Life, managed a targeted process, and negotiated the terms of the senior debt financing.

February 2021
KPS Life, LLC
Senior Debt Financing with Santander Bank, N.A.
Sector: Healthcare
Delancey Street Partners served as the exclusive financial advisor to KPS Life

Delancey Street Partners is pleased to announce that KPS Life, LLC (“KPS Life”) has completed a senior debt financing with Santander Bank, N.A. (“Santander Bank”). Delancey Street Partners served as exclusive financial advisor to KPS Life, managed a targeted process, and negotiated the terms of the senior debt financing.

About

February 2021
KPS Life, LLC
Senior Debt Financing with Santander Bank, N.A.
Sector: Healthcare
Delancey Street Partners served as the exclusive financial advisor to KPS Life

Situation

KPS Life is a stand-alone functional service provider (“FSP”) that offers global functional clinical trial outsourcing services to pharmaceutical and biotech companies of all sizes across all phases of clinical trials. Services include clinical monitoring, clinical monitoring oversight, clinical trial management, data management, biometrics, and medical writing.

Operating in 33 countries across the globe, KPS Life is committed to working together with its clients through a hands-on operating model rooted in a partnership approach. KPS Life has carved out a leadership position within the FSP market by providing customized and scalable solutions that improve the quality and execution of clinical trials while mitigating costs and increasing transparency for its clients.

Founded in 2006 and headquartered in Malvern, Pennsylvania, KPS Life is institutionally backed by LongueVue Capital (“LVC”). LVC is an entrepreneur-centric New Orleans based private equity firm with ~$500 million of assets under management focused on partnering with management teams through both growth and control investments across a variety of sectors, healthcare being the largest.

Santander Bank is one of the country’s largest retail and commercial banks and an active provider of capital, treasury management, risk management and international solutions. Santander Bank earns the loyalty of its commercial banking clients by offering services that help them manage their operating needs, maximize their working capital, and grow their businesses domestically and internationally. Santander Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) – one of the most respected banking groups in the world with more than 148 million customers in the U.S., Europe, and Latin America.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders, and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising, and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Healthcare, Business & Technology Services, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

Result

The transaction was completed February 26, 2021.
The principals of Delancey Street Partners have significant experience serving the Healthcare industry.

For additional information about this transaction, please contact:

Additional

Information

The transaction was completed February 26, 2021.
The principals of Delancey Street Partners have significant experience serving the Healthcare industry.

For additional information about this transaction, please contact:

Patrick E. Dolan

Managing Director Phone: (484) 533 – 6311

Patrick E. Dolan

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