Hypha Private Equity has completed its first ever deal, acquiring a majority stake in Ashley Medical Communications (AMC). Headquartered in Buckinghamshire, AMC provides medical education and communication services to clients across the pharmaceutical, biotechnology and medical devices sectors.
The UK and Ireland lower midmarket investor invested in the UK healthcare comms business alongside its CEO Cath Lavery and the rest of the management team. The transaction provides a full exit for the portfolio company’s founder Chrissie Ashley.
The deal comes after the emerging manager’s £118m final close of its maiden fund in December 2024. At that time, the GP said it intends to make investments of £5–15m in founder-owned SMEs with an Ebitda of £1–4m across technology, health and advanced manufacturing.
Hypha’s funding will be used to grow AMC’s services and reach new clients across the global healthcare sector. Further to the funding, Hypha has bolstered AMC’s leadership, appointing Merle Hall as AMC’s chair, who was previously at Inflexion-backed manufacturer Steripack, and Chris Willoughby as CFO, who was previously at the advertising services business WPP.
PMSI provided CDD to support the transaction, including in-depth analysis of AMC’s business performance and wider market environment, an assessment of AMC’s competitive landscape, as well as a full customer feedback exercise and an assessment of AMC’s business plan to demonstrate the business’s core value proposition moving forwards.
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