Harris Williams Advises Mikart on its Sale to Nautic Partners

September 27, 2018

Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised Mikart, Inc. (Mikart) on its sale to Nautic Partners (Nautic). Mikart is a leading contract development and manufacturing organization (CDMO) to the global pharmaceutical industry. The transaction was led by Geoff Smith, Whit Knier and Tyler Bradshaw of Harris Williams’ Healthcare & Life Sciences (HCLS) Group and Anuj Kapur of the firm’s Richmond office.

“Since inception, Mikart has built and nurtured a reputation as a premier CDMO partner to premier, global pharmaceutical companies. The company is recognized for its strong commitment to quality and superior customer service,” said Geoff Smith, a managing director at Harris Williams.

“Nautic is the ideal partner for Mikart and we look forward to watching the company’s growth and success under Nautic’s ownership,” said Whit Knier, a director at Harris Williams. “We are excited to have helped the management team realize a great outcome; this highlights Harris Williams’ expertise in the broader outsourced pharma services sector and our continued interest in the CDMO industry.”

Headquartered in Atlanta, Georgia, Mikart is a leading CDMO offering a full range of integrated services, technology and support for the development, manufacturing and packaging of solid dose and non-sterile liquid pharmaceuticals. For over 40 years, Mikart has provided comprehensive, end-to-end commercialization services to an array of longstanding customers while emphasizing a quality-first approach and best-in-class manufacturing and regulatory capabilities. Mikart’s broad range of capabilities includes formulation development, clinical trial supplies, regulatory filing support, analytical services, clinical manufacturing, commercial manufacturing and packaging. Ongoing investments in the business including state-of-the-art serialization-compliant packaging lines enabling Mikart to provide customers with the latest in CDMO offerings and capabilities, often years ahead of regulatory requirements and industry standards.

Nautic is a middle market private equity firm that focuses on three industries: healthcare, industrial products and outsourced services. Nautic has completed 130 platform transactions throughout its more than 30-year history. Nautic's strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives and increased management team depth. Nautic generally makes equity investments of $25 to $100 million.

Harris Williams (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams’ HCLS Group has experience across a broad range of sectors, including outsourced pharma services; outsourced clinical services; medical devices, products and distribution; multi-site and retail healthcare providers; alternate site care; healthcare IT; and managed care and cost containment services.  For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.