Bowstring Advises PharmaLogics Recruiting in its Recapitalization by Webster Capital
February 16, 2017 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to PharmaLogics Recruiting (“PLR” or “the Company”), a provider of recruiting solutions for life sciences companies worldwide, in its recapitalization by Webster Capital (“Webster”).
Founded in 2003, PharmaLogics Recruiting is a leading recruitment process outsourcing (“RPO”) firm focused on bio-pharmaceutical companies and clinical research organizations engaged in drug/medical device development. The Company is headquartered in Quincy, Mass., and maintains a European office in Basel, Switzerland, in order to deliver services to companies of all sizes worldwide. PLR’s rapid growth and excellent reputation have been driven by the firm’s life sciences expertise, collaborative approach, and flexible, high-quality solutions delivered on a global scale.
Megan Driscoll, CEO of PLR, stated, “We are thrilled to partner with Webster in our next phase of growth. The Webster team brings a wealth of experience in healthcare services and shares our core values of innovation, collaboration, transparency and enthusiasm. With their support, we look forward to continuing to transform the way recruitment services are delivered and pursuing other exciting growth plans.” Driscoll added, “The level of service and attention we received from the Bowstring team exceeded our expectations. Their knowledge of our industry and end-market along with their prioritization of our objectives gave us great confidence that we found the perfect partner.”
“It was a pleasure working with such an innovative firm and dynamic management team. We are pleased that they have partnered with Webster and look forward to following their continued growth,” said Ross DeDeyn, Managing Director at Bowstring Advisors.
The level of service and attention we received from the Bowstring team exceeded our expectations. Their knowledge of our industry and end-market along with their prioritization of our objectives gave us great confidence that we found the perfect partner.