Perigord develops global life sciences platform
Perigord, a company in the European life science packaging artwork management sector, has announced a development capital investment from the BDO Development Capital Fund to accelerate the company’s global expansion
With the life sciences sector now facing post patent cliff complexities (including unprecedented M&A activity, generic drug proliferation and product serialisation to combat counterfeiting) the pharma packaging sector will witness significant growth in the coming 5 year period, according to Perigord.
From its base in Dublin, which services the European market, Perigord said it plans to upgrade and open the new hubs in America, Asia and Latin America to facilitate the creation of a global platform to service the life sciences sector.
The funding for Perigord was secured from the BDO Development Capital Fund, a fund supported by Enterprise Ireland (an Irish Government Agency), Bank of Ireland and leading Irish Corporates CRH, Glanbia and Glen Dimplex.
The Fund invests development and growth capital in ambitious companies to support their export growth plans. The funding will be used to build out Perigord’s global network and respond to existing demand to provide artwork solutions under global supply agreements.
Perigord CEO, Alan Leamy, said: “This investment from the BDO Development Capital Fund will enable us to build on the success achieved to date.
“We look forward to working with our new partners in Development Capital to increase our global scale and service the global life sciences sector as it goes through significant changes in the coming five year period.
“We have a proven track record with some of the world’s leading pharma companies and we can now build on our European success with expansion right across the world.”
Sinead Heaney, investment director, Development Capital, said: “The BDO Development Capital Fund supports businesses which demonstrate the ambition, capability and strategy to deliver global expansion and achieve market leading positions. Perigord has all these qualities and we look forward to our partnership to assist them achieve their international expansion plans.”
Helen Ryan, former CEO of Creganna who is an advisory panel member of the BDO Development Capital Fund, said: “Perigord is an excellent example of the type of company the fund is seeking to support.
“The life science sector is experiencing significant growth and we look forward to working with Perigord to unlock this growth potential by assisting the company to build a truly global network.”