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Growth Equity

Ampersand Capital

Ampersand Capital takes minority stakes in growing companies, usually without full control, from Boston, Massachusetts, USA. It states a focus on healthcare & life sciences.

Disclosed holdings61
Earliest stated investment2026
HeadquartersBoston, Massachusetts, USA
Stated cheque size$10M-$200M

Stated investment criteria

What Ampersand Capital says it buys

Read from Ampersand Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Revenue it states$10m to $100m1
Transaction typesAdd-on1
OfficesBoston1
People listed on its team page602

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Ampersand Capital states that it will take either a controlling or a minority stake. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Ampersand Capital to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Ampersand Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$3.1bn
Employees38
Private funds advised4 · $3.1bn gross
SEC adviser numberCRD 161522

Portfolio

Disclosed holdings

Companies Ampersand Capital lists on its own website. 1 carry a stated investment year. 1 has a recorded transaction against it in the deal archive.

CompanyInvestedYears heldRecorded transaction
Beacon Intelligence20260
ALPCO
ANI Pharmaceuticals
Adaptas
Admera Health
Alcami
AnaBios
Balchem
Biologos
Bioventus
Brammer Bio
Clario
Confluent
Confluent Medical
Criver
CurTec
Curia Global
Dynex Technologies
Eurofins Viracor
Freudenberg Medical
GENEWIZ$450m 2018
Gannet BioChem
Genezen
Gyros Protein Technologies
ICON Plc
Interpace
Julius Clinical
Leinco
Magritek
Meadowhawk Biolabs
MedPharm
NanoImaging Services
NeoGenomics
Nexcelom
Nexelis
NovaQuest
NuvinkaDx
Patheon
PerkinElmer
Precision Coating
ProtaGene
Purna
Recipharm
Resolian
Specac
StageBio
Tjoapack
VIVEbiotech
Vibalogics
alcaminow.com
avidbio.com
biosynth.com
canopybiosciences.com
flagshipbio.com
ionnl.com
iuvobioscience.com
kedrion.com
lexington-med.com
mycovetrus.com
p-95.com
vantagemedtech.com

Compiled from Ampersand Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Healthcare & Life Sciences

What companies have actually sold for in healthcare & life sciences, across 1,263 recorded transactions.

Median consideration$110m
Middle 50%$30m-$318m
Revenue multiple2.8×
EBITDA multiple12.5×

The full healthcare & life sciences picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in healthcare & life sciences.