Ampersand Capital Partners


Ampersand Capital Partners is a middle-market private equity firm (founded 1988) focused on growth-oriented investments in healthcare and life sciences. The firm invests via minority and majority equity positions and works with founders, management teams, and boards to drive organic growth, bolt-on M&A, and operational improvements. Ampersand manages approximately $3 billion in assets and builds companies across laboratory products, laboratory services, contract manufacturing, pharma services, and specialty products.

Ampersand Capital Partners

Wellesley, Massachusetts, United States, North America


Services

Growth equity and recapitalization capital

Minority and majority equity investments, including preferred stock and founder rollovers, to support expansion, recapitalizations, management buyouts, and corporate divestitures.

Board-level engagement and strategic guidance

Post-investment engagement at the board and management level to refine strategy, support operational investment decisions, and advise on market and technology trends.

M&A execution and buy-and-build support

Support for inorganic growth through bolt-on acquisitions, platform creation, carve-outs, and transformative combinations.

Operational support and portfolio best-practice sharing

Operational expertise, standardized planning tools, and facilitated collaboration across portfolio companies to share best practices and accelerate improvement.

Commercial and sector network access

Introductions to customers, industry experts, and potential partners to identify market opportunities and support business development.


Portfolio

Founded as a spin-out from UMC Utrecht in 2008; served >130 clinical trials and enrolled >200,000 patients across ~40 countries. Ampersand led a majority recapitalization in 2023 to expand geographic footprint and therapeutic expertise.

#Pharma Services / CRO (clinical trial services)

Received an $18.5M growth equity investment led by Ampersand in 2023 to expand retroviral, lentiviral and AAV manufacturing capabilities; operates a qualified 25,000 sq ft GMP viral vector facility in Fishers, Indiana.

#Pharma Services / CDMO (viral vector manufacturing)

Provider of GLP-compliant necropsy, histology, pathology and archiving services; leadership update reported in 2024.

#Laboratory Services (histology, pathology, image analysis)

Commercial biologics CDMO focused on development and cGMP manufacture of biopharmaceuticals; partnership announced in 2025.

#Pharma Services / CDMO (biologics)

Invested to support capacity and capability expansion, including new labs in North America and Europe and a headquarters in Burlington, MA.

#Laboratory Services / CRO (analytical services for biologics & gene therapies)

Provides pharmaceutical development and manufacturing services for small and large molecules; Ampersand has supported growth and board engagement.

#Pharma Services / CDMO (development and manufacturing)

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