BioPharm Communications Gets Boathouse and CMS Mezzanine Backing

Boathouse Capital and CMS Mezzanine have backed BioPharm Communications. Headquartered in New Hope, PA, BioPharm is a medical communications and marketing agency specializing in non-personal, peer-to-peer solutions to the pharmaceutical and biotechnology industries. Boathouse and CMS invested $10.5 million in subordinated debt and equity in a Southfield Capital Advisors led recapitalization of BioPharm alongside management. BioPharm’s senior management will maintain a minority ownership position in the company.

PRESS RELEASE

Boathouse Capital and CMS Mezzanine are pleased to announce an investment in BioPharm Communications, LLC (“BioPharm”) on March 23, 2012.

Headquartered in New Hope, PA, BioPharm is a leading medical communications and marketing agency that specializes in providing non-personal, peer-to-peer solutions to the pharmaceutical and biotechnology industries. BioPharm develops robust clinical content in collaboration with key opinion leaders and delivers it to healthcare practitioners through the company’s comprehensive suite of proprietary branded programs. BioPharm maximizes on-line and offline clinician engagements via its multi-channel “surround sound” delivery capabilities, including targeted direct mail, e-mail, web hosting, web banners/display advertising, search engine marketing, DVDs, mobile devices, selling kits, e-meetings and teleconferences. BioPharm leverages its experienced account managers, streamlined processes and extensive content development expertise across numerous therapeutic classes to deliver campaigns that generate industry leading engagements and returns on investment.

Boathouse and CMS invested $10.5 million in subordinated debt and equity in a Southfield Capital Advisors led recapitalization of BioPharm alongside management. BioPharm’s senior management will continue in their current operating roles and will maintain a minority ownership position in the company.

About Boathouse Capital
Boathouse Capital is a lower middle market mezzanine debt and equity private equity firm in Wayne, PA. Boathouse Capital was founded in 2009 by Ken Jones, Bill Dyer, Steve Gord, and Chong Moua and has $120 million of capital under management. Boathouse Capital has deployed more than $60 million in ten portfolio companies to date. www.boathousecapital.com

About CMS Mezzanine
CMS Mezzanine Fund is a $40 million mezzanine fund focused on the lower middle market. Since its final close in 2009, the fund has deployed over $25 million in seven investments. The fund is based in Wynnewood, PA. www.cmsmezz.com

About Southfield Capital Advisors
Founded in 2005, Southfield Capital provides capital for majority recapitalizations and management-led buyouts of lower middle-market businesses. The firm makes control investments in North American companies generating $5-$15 million in EBITDA with proven business models, attractive growth and profitability trends and solid leadership. Headquartered in Greenwich, CT, Southfield Capital also has offices in Alexandria, VA and Louisville, KY.