Carl Marks Securities, an affiliate of middle market investment bank Carl Marks Advisors, served as financial advisor to life sciences consultancy Hawkins Point on its sale to Verista, a compliance and automation solutions organization for the life sciences industry. Financial terms of the private transaction were not disclosed.
“The Carl Marks team brought an intimate understanding of the needs of our founder-owned business as well as a true sense of partnership, which was even more important given the virtual nature of the transaction,” Heather Morris Kyer, CEO and co-founder of Hawkins Point and a new leader at Verista, said. “We are so grateful to Chris and his team for their extraordinary guidance during this process, and for helping us find a great firm in Verista. We are excited for the next phase of our growth and opportunities for our colleagues with this new partner.”
“From initial contact with the Hawkins Point team through signing on the dotted line, this entire process was conducted virtually,” Chris Parisi, managing director at Carl Marks Advisors, said. “I am extremely proud of how our team was able to adapt quickly and efficiently to the environment and create a smooth process for every stakeholder involved. We are confident Verista is the right partner to help Hawkins Point expand its reach and expertise while maintaining the strong culture Heather and Steve [Mersky] have built.”