CatSci Receive Significant Investment from Keensight Capital
Keensight Capital, a leading private equity manager dedicated to pan-European growth buyout investments, has invested in CatSci Ltd, a Contract Research Organisation (CRO) that supports leading global pharmaceutical companies to deliver life-changing therapeutics to patients around the world.
Based in Cardiff, CatSci was formed in December 2010 from a spin-out of AstraZeneca’s Catalyst Screening Facility by five founders, including the current co-owners Dr. Ross Burn (Chief Executive Officer) and Dr. Simon Tyler (Chief Operating Officer).
CatSci develops economically and environmentally sustainable drug manufacturing processes that enable its global pharmaceutical customers to create affordable small molecule therapeutics to address critical public health challenges, including antimicrobial resistance, cancer, and mental health.
The company, which has six operational laboratories across two UK sites including its headquarters in Cardiff, works internationally across 13 countries and with four of the top five global pharmaceutical companies. CatSci currently employs nearly 100 people, of which approximately 80% hold a PhD degree.
Thanks to its differentiated positioning, excellent track record, and highly skilled scientific workforce, CatSci enjoys consistently outstanding market and customer feedback which is reflected in its strong 30-40% per annum historic growth trajectory. Within just a few years, CatSci has won both locally and nationally recognised awards. 2022 success includes the highly esteemed “Queen’s Award for Enterprise: International Trade”, and “Bionow Awards: Export of the Year Award”.
Keensight Capital will bring its expertise in successful track record of investments in the Contract Research, Development and Manufacturing (CRDMO) space across Europe and of course help accelerate growth via accretive M&A. This will enable CatSci to continue offering “more and better” to its customers so that they can deliver best-in-class medicines to patients worldwide.
Shaw & Co, the Bristol-based specialist corporate finance advisory firm, advised CatSci on the deal which will support continued expansion of its workforce, laboratories, equipment, and offerings.
Dr. Ross Burn, Chief Executive Officer, CatSci, and Dr. Simon Tyler, Chief Operating Officer, CatSci, said: “Keensight’s team has extensive experience in the CRDMO space across both small and large molecules, thus, making it the ideal team to partner with to accelerate our growth. Coupled to their impressive international network and expertise in delivering operational support to fast-growing companies, the support of the Keensight team will be key for the success of our expansion strategy going forward. We are very excited about this new partnership and can’t wait to write the future chapters of our success story together.”
Jim Shaw, CEO & Founder, Shaw & Co, said: “There has been an extraordinary amount of interest in CatSci and its offering thanks to the company’s enviable prospects for future growth. We have been able to add a significant amount of value for the client by running a competitive marketing process that has found CatSci an investment partner that will undoubtedly provide them with a strong foundation for further expansion. […] The deal demonstrates that there are certainly a number of viable financing options out there for any SME looking to fund their company’s future development and expansion.”
James Mitchell, Partner at Keensight Capital, commented: “We are delighted that Ross and Simon have chosen Keensight to support CatSci in its next stage of growth. We believe that CatSci has exceptionally strong potential in a large and continuously developing market which is expected to reach c.$75bn by 2030. Their unique positioning and strong expertise in small molecule R&D as well as their renowned high-quality scientific services and workforce make them a critical player in the CRO ecosystem. Keensight is proud to partner CatSci’s top class management team in their ambitions.”
CatSci was also advised by BDO (financial, tax, commercial), and Addleshaw Goddard (legal), while Keensight Capital was advised by Baird (corporate finance), KPMG (financial, tax, structuring), and Baker McKenzie (legal).
 Growth Buyout: investment in profitable, private companies experiencing strong growth, in minority or majority positions, with or without leverage, using a flexible approach tailored to the needs of individual entrepreneurs, in order to finance organic growth projects, acquisition strategies or provide historic shareholders with liquidity
 Combines capabilities of CRO and CDMO, or “Contract Development and Manufacturing Organisation”
email@example.com – +44 7507 469870
firstname.lastname@example.org – +44 7785 345 250
Shaw & Co
Karl.Blockwell@shawcorporatefinance.com – +44 330 127 0106
CatSci Ltd is an award-winning innovation partner for medicines development, dedicated to developing economically and environmentally sustainable pharmaceutical manufacturing processes. We proudly serve customers across the globe, meeting their needs from candidate selection to product launch and beyond. Our tailored services include route scouting and selection, initial scale-up and risk management for early development. For later development, we provide process design, assessment and optimisation, scale-up for clinical and commercial manufacture, tech transfer and post-approval improvements. We possess a range of critical enabling technologies including catalysis, material science, and analytical development.
Agile, commercially-minded and scientifically-led, CatSci leverages its highly qualified technical team and state-of-the-art facilities to empower our customers to create affordable, best-in-class small molecule therapeutics in a safer, greener and more cost-effective way. Together, we can meet the evolving healthcare needs of the world.
CatSci works efficiently with your preferred partners, while continually strengthening our own industry-leading partnerships across the pharmaceutical supply chain, to address your dynamic project needs. A true extension of your team, we are a dependable, trusted partner for innovation that takes the time to understand your objectives and provide you with perfect-for-purpose solutions.
Recognition includes the highly esteemed “Queen’s Award for Enterprise: International Trade 2022”, and “Bionow Awards in 2022: Export of the Year Award”. Further accolades include the CPhI Award in the “Excellence in Pharma: Contract Services and Outsourcing” category in 2018, the “Cardiff Business Awards: International Business of the Year” in 2019 and the “Wales STEM Awards: Scale-Up of the Year” in 2020 , and a Top Ten listing within the top ten of the “Alantra Pharma Fast 50 awards” in 2021. On an individual level, CatSci’s CEO Dr. Ross Burn was included in “The Medicine Maker’s 2021 Power List” of inspirational pharma professionals.
About Keensight Capital
Keensight Capital, one of the leading European Growth Buyout firms, is committed to supporting entrepreneurs as they implement their growth strategies. For 20 years, Keensight Capital’s team of seasoned professionals has leveraged their knowledge of investment and growth industries to invest for the long term in profitable companies with high growth potential and revenues in the range of €10 million to €400 million.
Drawing on its expertise in the Technology and Healthcare sectors, Keensight identifies the best investment opportunities in Europe and works closely with management teams to develop and achieve their strategic vision. Keensight Capital's success has earned it a Gold Award from the Private Equity Exchange & Awards each year for the last five consecutive years, and in particular, the Best European Growth Private Equity Fund.
About Shaw & Co
Shaw & Co is a leading corporate finance advisory firm that helps business leaders and SME owners across the UK to buy, sell, or fund the growth of a business. The Bristol-based firm, which was founded by Jim Shaw in 2011, has one of the largest advisory teams in the South West, specialising in a range of services from developing acquisition and exit strategies, business valuations and funding readiness advice, to trade sales, mergers, management buy-outs, and securing finance for growth projects, acquisitions and MBOs.
Shaw & Co has led a number of notable deals including the sale of Pukka Herbs to Unilever, the purchase of VoucherCloud from Vodafone, and the sale of Nanopharm to AptarGroup.
- CatSci Ltd
- Caitlin Bourton