Summa Equity’s Acquisition of G-CON Manufacturing

Summa Equity's Acquisition of G-CON Manufacturing

William Blair acted as exclusive financial advisor, Ropes & Gray as legal advisor, PwC as FDD and Tax advisor, McKinsey & Company as commercial due diligence advisor, and Frank Partners as ESG advisor to Summa Equity for the transaction. Jefferies LLC served as exclusive financial advisor and Vinson & Elkins LLP as legal advisor to G-CON. 

Summa Equity Fund II has acquired a majority stake in G-CON, a leading US-based manufacturer of prefabricated cleanrooms used for manufacturing within the pharmaceuticals industry. G-CON designs, builds and installs turnkey cGMP (Current Good Manufacturing Practice) compliant suites called PODs, for a global biopharma customer base focused on biologics, pharma, CDMO (contract development and manufacturing), and cell and gene therapy manufacturing.

Founded in 2009 in College Station, Texas, G -CON has developed a unique prefabricated cleanroom solution, which differs from traditional cleanroom facility structures due to the ease of scalability, mobility, and the ability to repurpose the PODs once the production process reaches the end of its lifecycle. The company has experienced strong growth and sold more than 300 cleanrooms since inception.

The transaction completed on 15 July 2021.

The V&E team was led by partner Mark Early (Picture), with assistance from associates KJ Pedersen, Joseph Steuert and Jennifer Chacon. Also advising were counsel Sarah Mitchell; partner Shane Tucker and associate Maddison Riddick; partner Jim Meyer and associate David Gilbert; senior associate Collin Groebe and associate Bryce Imhoff; senior associate Ben Cukerbaum; partner Matt Dobbins; partner Randy Jurgensmeyer and senior associate Jared Knight; partner Tom Wilson and counsel Christie Alcalá; and partners David Johnson, Jeremy Marwell and Hill Wellford and senior associate Ryan Will.

The Ropes & Gray team that advised Summa Equity was led by private equity partner Carolyn Vardi (New York), and included finance partner Andrea Hwang (New York), tax partner Elaine Murphy, IP transactions partner Violetta Kokolus (New York), employment, executive compensation & benefits partners Alexandra Alperovich (New York) and Megan Bisk (Boston), health care partner Timothy McCrystal, litigation & enforcement partners Lisa Bebchick (New York) and Ama Adams (Washington D.C.), real estate partner Peter Alpert (Boston), real estate counsel Chrystal LaRoche (New York) and litigation & enforcement counsel Steven Kaye (Boston).

Involved fees earner: Ama Adams – Ropes & Gray; Alexandra Alperovich – Ropes & Gray; Peter Alpert – Ropes & Gray; Lisa Bebchick – Ropes & Gray; Megan Bisk – Ropes & Gray; Andrea Hwang – Ropes & Gray; Steven Kaye – Ropes & Gray; Violetta Kokolus – Ropes & Gray; Chrystal LaRoche – Ropes & Gray; Timothy McCrystal – Ropes & Gray; Elaine Murphy – Ropes & Gray; Carolyn Vardi – Ropes & Gray; Christie Alcalá – Vinson & Elkins LLP; Benjamin Cukerbaum – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; Mark Early – Vinson & Elkins LLP; David Gilbert – Vinson & Elkins LLP; Collin Groebe – Vinson & Elkins LLP; Bryce Imhoff – Vinson & Elkins LLP; David Johnson – Vinson & Elkins LLP; Randy Jurgensmeyer – Vinson & Elkins LLP; Jared Knight – Vinson & Elkins LLP; Jeremy Marwell – Vinson & Elkins LLP; James Meyer – Vinson & Elkins LLP; Sarah Mitchell – Vinson & Elkins LLP; Kjarom Pedersen – Vinson & Elkins LLP; Maddison Riddick – Vinson & Elkins LLP; Joseph Steuert – Vinson & Elkins LLP; Shane Tucker – Vinson & Elkins LLP; Hill Wellford – Vinson & Elkins LLP; Ryan Will – Vinson & Elkins LLP; Thomas Wilson – Vinson & Elkins LLP;

Law Firms: Ropes & Gray; Vinson & Elkins LLP;

Clients: Summa Equity AB; Summa Equity Fund II;

Author: Martina Bellini