ChampionScott Partners, a retained executive search firm focused on technology, technology-enabled and related growth industries, is pleased to congratulate MicroCal and Riverside Partners on the sale of MicroCal to GE Healthcare, a unit of General Electric Company. ChampionScott Partners partnered with Riverside Partners, a private equity firm that invests in leading healthcare and technology companies, to recruit Dr. Richard Brown as CEO of MicroCal in early 2006.
Creating long term value for our customers is ChampionScott Partners’ primary objective. Partnering with MicroCal and Riverside Partners, our mission was to recruit a CEO to lead the company to higher growth, enhanced value and long term sustained performance. The appointment of Dr. Richard Brown was clearly a success for all involved. ChampionScott Partners is proud to have played a key part in MicroCal’s success and value creation for its investors. The result: IRR for investors was approximately 40%. Congratulations to the MicroCal Team and Riverside Partners for this outstanding result!
MicroCal develops and manufactures the most sensitive and reliable microcalorimeters available. With unsurpassed technical and applications support, they have been the world leader in ultrasensitive calorimetry for the life sciences. Over the past 30 years, MicroCal has been privileged to participate in the development and advancement of an important technology that has found broad application in the basic research of biomolecules and the discovery and development of many new therapeutics and biotherapeutics. MicroCal’s technology is already used in over one thousand laboratories worldwide and annual revenues grew 25% to $21 million in 2007.
ChampionScott Partners is a world premier retained executive search firm focused on the technology industry and related sectors. Our firm delivers the personalized focus of a technology boutique combined with the research resources and global reach of a large international firm through our offices in the United States, Europe and Asia. ChampionScott Partners recruits CEOs, their direct reports, and Board Directors for companies ranging from start-ups to the Global 500 in the key technology centers of the U.S., Europe, Japan, China, India and Israel. On every engagement our team provides partner-level knowledge and judgment gained through our decades of experience in the technology industry.
MicroCal is a research-based company that develops and manufactures the most sensitive and reliable microcalorimeters available, primarily for use in the life sciences. MicroCal equipment is in use in over 1,000 labs worldwide, both for R&D and commercial applications. MicroCal is based in Northampton, Massachusetts and was founded in 1977 by Dr. John Brandts, a professor of chemistry at the University of Massachusetts.
Riverside Partners, founded in 1989, is a middle market private equity firm currently investing Riverside Fund III, L.P. The fund focuses on growth-oriented companies in the healthcare and technology industries. Riverside is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. The partners at Riverside have managed more than $500 million in investments in over 50 companies. They are currently focused on companies with revenues between $20 – $200 million and with $5 – $25 million of EBITDA.
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems performance improvement, drug discovery, and biopharmaceutical manufacturing technologies is helping clinicians around the world re-imagine new ways to predict, diagnose, inform, treat and monitor disease, so patients can live their lives to the fullest.