Strattam Capital is proud to announce our recent recognition at the 2023 M&A Advisors Awards, where we won Private Equity Deal of the Year ($25 – $50M) for our strategic investment in SciShield. This award represents our 5th consecutive Deal of the Year win from The M&A Advisor.
Founded in 2003 by CEO Nathan Watson, SciShield has played a critical role in reducing administrative burdens for lab scientists, so they can focus more time on critical and life-changing research. Currently, the company’s automated platform supports over 360,000 users across more than 95 institutions. Our investment in SciShield is in a core theme area for Strattam and SciShield is one of several compliance software companies in our portfolio.
The process of securing this partnership, amidst a competitive landscape with multiple interested parties, was largely made possible by our unique Five-Point Plan. Our investment approach is rooted in the belief that successful private equity relationships demand both collaboration and transparency. We worked directly with Nathan to create the Five-Point Plan, before binding commitments were made. Through the Plan, we outlined a tactical growth strategy based on deep industry knowledge that aligned with Watson’s long-term vision for the company. This approach was very attractive to Nathan, who rolled a significant stake in our common deal structure.
Since the deal’s close, we’ve been hard at work laying the groundwork for SciShield’s expansion. In addition to widening the company’s market reach, we’re making its platform more accessible to labs and scientists while mindfully directing resources toward improvements in operations and services. We’re excited for the months ahead, as this forward-thinking company continues to introduce new advancements in the scientific arena.
Of course, deals of this magnitude cannot be accomplished without a dedicated team. We’d like to thank our Strattam partners, as well as advisors Latham & Watkins, STAX, Inc., and Maxwell, Locke & Ritter, for their efforts. We also extend our gratitude to The M&A Advisor for this recognition.
Finalists were selected by an independent judging committee of M&A, financing, and restructuring professionals, many of whom are previous years’ award winners. Award nominations were submitted during an open call for nominations in multiple categories. A single nomination could be submitted in one or more award categories. The set of nominations in each award category was evaluated and scored by at least 3 judges. Nominations of deals were scored on the basis of a). Description of circumstances surrounding the deal (30% score), b). obstacles and challenges overcome to get the deal done (30%), c). benefits to stakeholders (30%), and d). adherence to submission form guidelines and completeness (10%). For each nomination within each award category, the scores were added and averaged. The nominations with the highest average scores became finalists. A fee was paid to submit our application.