Hyde Park Capital Announces Sale of Magnolia Innovation to Medical Knowledge Group, a Portfolio Company of Court Square Capital

Tampa, Florida - October 12, 2020 - Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the sale of Magnolia Innovation (“Magnolia”) to Medical Knowledge Group (“MKG”), a portfolio company of Court Square Capital Management (“Court Square”). Hyde Park Capital served as the exclusive investment banker and financial advisor to Magnolia for this transaction.

"We are delighted with this deal, as it will mean a direct investment in our ability to provide innovative solutions and accelerate growth for our clients. Innovation is at the core of everything we do at Magnolia and being able to tap into MKG's broad scientific and medical network, as well as their deep analytics offerings will, no doubt, be a catalyst for innovation” said Ken Howie, Managing Principal at Magnolia Innovation.

Josh Mastracci, Vice President at Hyde Park Capital, said “The Hyde Park team is pleased with the outcome of this sale transaction with MKG and Court Square for Magnolia’s founders. The strategic fit between Magnolia and MKG is highly evident and the combined businesses - backed by a blue-chip financial sponsor like Court Square - is a highly promising pharmaceuticals research and innovation platform. Diego and Ken have been tremendous to work with and we are comfortable knowing they have accomplished both meaningful liquidity and continued opportunity for their team in Hoboken.”

About Magnolia

Magnolia Innovation is a healthcare consulting and market research firm focusing exclusively in the life sciences sector. Magnolia has decades of combined experience building, launching, and redefining biopharmaceutical brands to drive innovation through insights.

Founded in 2013, Magnolia Innovation was created with the aspiration of bringing new energy to great brands. Partners Ken Howie and Diego Rodriguez teamed up to create a vision for a research shop that can truly deliver on that promise, without distraction that larger organizations can often carry. For additional information, please visit www.magnoliainnovation.com.

About MKG

Medical Knowledge Group, through its operating companies, provides specialized marketing and analytics solutions to the biopharmaceutical industry. For additional information, please visit www.mkgny.com.

About Court Square

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.0 billion of assets under management and is based in New York, N.Y. For additional information, please visit www.courtsquare.com.

About Hyde Park Capital

Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and serving the corporate finance needs of middle market public and private companies across multiple industries including healthcare, technology, business and financial services, industrial / manufacturing and consumer.  Its Principals have extensive investment banking experience executing merger and acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine, and senior debt. Hyde Park Capital is headquartered in Tampa, Florida and is a member of FINRA and SIPC. For additional information, please visit www.hydeparkcapital.com.

Client Testimonials

"Hyde Park’s team guided us through the process, providing us with a number of high quality counter-parties, and supported us through the transaction structuring, negotiation and due diligence. We are very pleased with the outcome and excited for the future of DTS.”
Allen Ibaugh, Co-Founder and CEO of Data Transfer Solutions
“We enjoyed working with Hyde Park Capital and appreciated their M&A expertise in the technology services sector and their help on this important transaction.”
Chris Toepke, CEO of Trifecta
“We very much appreciated the assistance of Hyde Park Capital on this strategic acquisition for ITE. Their M&A experience was quite helpful to our team and the overall process and assured the deal was well executed and we got it closed on schedule.”
Scott Dols, CEO of Industrial Truck & Equipment, LLC
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