1315 Capital's Strategic Stake Acquisition By Navigator Global Investments

In a strategic transaction, Navigator Global Investments has acquired a 23.5% equity stake in 1315 Capital, a private equity firm focusing on the healthcare sector, for approximately $70.5 million. Announced on March 16, this strategic acquisition underscores Navigator's interest in gaining exposure to healthcare investments. 1315 Capital is prominent for managing over $1 billion in assets and investing in growth equity and buyouts within commercial-stage pharmaceutical outsourcing, health and wellness companies, medical technology, and healthcare services. The acquisition is expected to leverage 1315 Capital’s solid foundation to further its impact in healthcare markets where robust management teams can rapidly grow platform companies. Legal advisory for the deal was provided by Ropes & Gray, with a team consisting of members from their private equity, asset management, and tax practice groups.