LUCID GROUP PARTNERS WITH NEW INVESTOR ICG
March 10, 2021 | Lucid, Medical Communications, investment
Lucid Group has secured a new investment from Intermediate Capital Group (ICG) to support its continued ambition to build a global business that delivers life transforming value for everyone.
Founded in 2007, Lucid Group is a strategic healthcare communications company committed to advancing patient health outcomes through healthcare communications that improve the way patients and diseases are managed, and medicines are used. Lucid Group’s pioneering approaches have received industry-wide recognition and have consistently led to above industry growth.
With offices in the UK, US and Asia, Lucid now employs around 250 people. Lucid works in partnership with the world’s leading pharmaceutical and biotech organisations and has played a pivotal role in providing healthcare communication solutions for many of the industry’s innovative blockbuster assets.
LDC will exit after nearly four successful years during which Lucid has completed two successful acquisitions – HealthCare21 and Bluedog – strengthening its digital, creative and scientific offering, expanding its high-profile client base and significantly strengthening its team and operations. Lucid also expanded internationally, launching into new markets in Singapore and Dubai and adding to its established presence in the US. These accomplishments, with LDC’s support, have enabled Lucid to reach key milestones in the first phase of its ambitious growth plans.
ICG brings deep healthcare sector expertise, a global network and significant availability of additional capital to support Lucid on its journey. ICG will support Lucid’s ambitious team to acquire and build new capabilities that will add value to its clients, attract new talent and evolve its people development offering. They will also support further expansion across geographies, with a particular focus on the US.
On securing this investment Dennis O’Brien, Lucid Group CEO, commented, “This marks the start of an exciting new chapter for Lucid, which drives increased investment to help us realise our vision of transforming lives. We have a tremendous team and a great client base, our goal is to continue to strengthen this by bringing new capabilities and more value to our partnerships. With ICG we feel we have the perfect partner who shares our vision and matches our level of ambition to transform the value we bring to our industry and to patients. ICG are deeply committed to investing in this sector and are perfectly positioned to help bring the best capabilities to our business and support us to further internationalise.”
Peter Kirtley, ICG Managing Director, commented, “ICG is a leading global alternative asset manager, with a long and successful track record of providing capital to support founder-led growing businesses like Lucid Group. We have admired Lucid Group and its reputation within the industry for many years. Through our partnership, together, we can leverage Lucid’s ambition and our sector expertise to build a truly global healthcare communications organisation.”
For more information please contact:
Laura Gaskell, Marketing Director
Email: laura.gaskell@wearelucidgroup.com
This content was provided by Lucid Group Communications Limited
Company Details
Latest Content from Lucid Group Communications Limited
Joanne – Celebrating 10 magical #LucidLife years
Joanne reflects on her ten years at Lucid Group and how it's transitioned from a small start-up to a global family of healthcare communication companies who bring magic to their...
Lucid Culture
Our culture is fundamental to the delivery of transformation. Harnessing the talent and ambitions of those we work with empowers us to deliver our magic.
Lucid Group Appoints a New HR Business Partner
Carol Daniel joins Lucid as their new HR Business Partner. Carol will work closely with the managing directors from each of the Lucid Group companies to lead the people plan...
Lucid Group – Hanging tough in support of Wycombe Homeless Connection
This Saturday, 19 brave Lucidians took to the fields of Henley to conquer the first of Tough Mudder’s 2018 obstacle course events. The Tough Mudder course features 13 obstacles over...
Is agile working benefiting the employee or the organisation?
Angela Young, HR Director Lucid Group discusses the pros and cons of agile working in the latest “Smart Thinking” blog on pmlive.com
Lucid Group are on the Lookout for World-Shaking Talent
Lucid Group kick-started the week with its second exchange day in 2018, held in their Macclesfield office. With continued growth from new and existing clients, the need to find and...
Fulfilling Dreams, Talent and Ambition – The Lucid Futures Academy
The inaugural class of 2018 graduate from Lucid’s Futures Academy
Getting in the LUCID SPIRIT!
Lucid Group launches charity partnership with Wycombe Homeless Connection
The Lucid Festival of Magic
Lucid Group threw a spellbinding event to celebrate eleven years of transforming lives with their standout new branding taking centre stage.
Lighthouse Medical Communications US bolster their senior scientific team
Lighthouse Medical Communications US, part of the award-winning Lucid Group of companies, is pleased to announce the appointment of Marc Pondel, PhD as Executive Medical Science Director. Marc will oversee...