Wayne, PA – July 13, 2022 – Renovus Capital Partners (Renovus), a Philadelphia-based lower middle market private equity firm, announced the creation of a new platform investment in the life sciences services industry through the merger of MC3 and Curtis Learning.
Founded in 2000 and headquartered in the Philadelphia suburbs, MC3 creates custom events and training experiences for the world’s leading pharmaceutical sales teams. Through its meeting production capabilities and its proprietary virtual delivery platform Virtuoso, MC3 delivers best-in-class live, virtual, or hybrid meetings and training events.
Founded in 2009 and also headquartered in Philadelphia, Curtis Learning is a leading scientific training agency. Through its staff of advanced degree medical directors and medical writers, Curtis Learning designs and develops customized programs to educate and train sales teams, medical science liaisons, clinical nurse educators, patient services professionals, and pre-commercial teams on the science behind the world’s most complex medical treatments across all phases of the product launch continuum.
Robert Armstrong, Co-Founder and President of MC3, and Jon Curtis, Founder and President of Curtis Learning, will continue to run their respective organizations and be investors in the combined company. Robert Armstrong remarked, “I have long respected Curtis Learning for its ability to train pharmaceutical teams on the complex science underlying the latest innovations in life sciences. Combined with MC3’s live and virtual meeting production capabilities, proprietary technology, creative team and training resources, our combined company has an opportunity to uniquely serve clients in our industry.”
Jon Curtis, Founder and President of Curtis Learning, noted, “We are thrilled with the business combination and investment from Renovus Capital Partners. Renovus has established itself as a leading investor in the life sciences services industry and as a well-resourced partner to founder-owned businesses. Working with Renovus will enable our businesses to scale in ways that would not have been possible if we remained independent companies.”
Brad Whitman, Founding Partner of Renovus, said, “A core component of Renovus’ value proposition is to build leading middle-market enterprises by starting with smaller, often founder-owned businesses. These companies have exceptional service and product offerings but lacked the resources or capital needed to get to the next level. The combination of these two companies, supported by an investment from Renovus, immediately creates a growing, scaled business in life sciences. We look forward to building an even larger, market-leading business with management.”
Jesse Serventi, Founding Partner of Renovus, noted, “As part of our larger effort to build our healthcare services investing practice, Renovus has spent significant time in the life sciences services industry. This investment marks our fourth pharmaceutical services platform in the last six years, and we are excited to continue to build upon the strong foundations established by the teams at MC3 and Curtis Learning.”
Excel Partners served as financial advisor to MC3 and TKO Miller served as financial advisor to Curtis Learning. DLA Piper acted as legal counsel to Renovus.
About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is a lower middle-market private equity firm specializing in the Knowledge and Talent industries. From its base in the Philadelphia area, Renovus manages over $1 billion across its three sector focused funds and other strategies. The firm’s current portfolio includes over 25 U.S. based businesses specializing in education and training, healthcare services, technology services and professional services. Renovus typically partners with founder-led businesses, leveraging its experience within the industry and access to debt and equity capital to make operational improvements, recruit top talent, pursue add-on acquisitions and oversee strategic growth initiatives. More information can be found at www.renovuscapital.com
About MC3
MC3, based in West Chester, PA, is a world-class production, training, and technology solutions agency that creates Experiences that WOW! for life sciences companies. The team at MC3 delivers an array of omnichannel communication, commercial, developmental, and cultural initiatives designed to energize and enable the world’s leading pharmaceutical teams. MC3 gets creative every day, ensuring that their clients’ live meetings, virtual conferences, leadership presentations, training curriculums, on-demand modules, live workshops, experiential displays, communication portals, and team-building activities are phenomenally successful. The training and event offerings of MC3 are further amplified by its proprietary VIRTUOSO engagement platform and its ability to redefine what’s possible within live, virtual, and on-demand solutions. MC3 has a diverse and comprehensive team that never stops learning and always has one eye on the horizon of what’s possible. The MC3 team is dedicated to being a collaborative partner who consistently creates the “idea” and then goes above and beyond to bring it to life delivering results for their clients. Learn more about MC3’s offerings, team, and culture at www.mc3.com.
About Curtis Learning
Founded in 2009, Curtis Learning has established itself as one of the nation’s premier scientific training agencies. Headquartered in Philadelphia, PA, Curtis Learning is a scientific education and training provider to the pharmaceutical and biotech industry. The Company designs and develops customized programs to educate and train sales teams, medical science liaisons, clinical nurse educators, patient services professionals, and pre-commercial teams on the science behind the world’s most complex medical treatments across all phases of the product launch continuum, including pre-approval preparation, market introduction, and growth and label expansion. Curtis Learning also develops educational resources for healthcare providers and patients. More information can be found at www.curtislearning.com