BDA Advises ICICI Venture on Sale of Radiant Research to Kinderhook's CRA by


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									BDA Advises ICICI Venture on Sale of Radiant Research to Kinderhook's CRA

New York, NY, October 22, 2012 --( Business Development Asia LLC ("BDA") is pleased to
report that its client Radiant Research, Inc. (“Radiant”) has been acquired by CRA Holdings, Inc
(“CRA”), a portfolio company of New York-based private equity firm Kinderhook Industries, LLC
(“Kinderhook”) for an undisclosed consideration. BDA acted as the exclusive financial advisor to Radiant
Research and its shareholders, ICICI Venture Funds Management Company Limited (“ICICI Venture”)
and their strategic partner.

Based in Cincinnati, Ohio, Radiant is a comprehensive site management and clinical research company
offering study conduct, development and centralized patient recruitment services to the biopharmaceutical
and medical device industry. Radiant is comprised of 20 wholly-owned premier clinical research centers,
a full service CRO and a centralized patient recruitment division, employing over 400 clinical research
professionals. Radiant has conducted more than 8,700 clinical and consumer trials over 18 therapeutic

CRA is a trial management organization that provides Phase II - IV clinical trial management services to
the pharmaceutical and biotechnology industries. CRA has provided research services to the
pharmaceutical and medical device industries since 1990, and has successfully completed over 1,800
clinical trials. The acquisition of Radiant significantly expands CRA's geographic presence in line with its
stated strategy to consolidate the highly fragmented US site management industry.

BDA Transaction Team
Euan Rellie, Senior Managing Director, New York
Justine Mannering, Director, New York
Kumar Mahtani, Assistant Director, Mumbai
Akhil Bheda, Associate, Mumbai
Zoya Wang, Associate, New York

About ICICI Venture
ICICI Venture Funds Management Company Limited (“ICICI Venture”) is a leading specialist alternative
assets manager based in India. The firm is a wholly owned subsidiary of ICICI Bank, the largest private
sector financial services group in India. ICICI Venture has established a successful track record of
investing and nurturing companies across economic cycles and across various classes of alternative assets
such as Private Equity, Real Estate and Mezzanine Finance, with Infrastructure & Special Situations
being the latest additions to its spectrum of activities.

About BDA
Business Development Asia LLC ("BDA") is a leader in cross-border investment banking. BDA advises
on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same
team since 1996, and has built a track record of providing independent advice to blue-chip corporate and
financial sponsor clients from North America, Europe and Asia. BDA was named Investment Banking
Firm of the Year by M&A Advisor in December 2010. BDA is headquartered in New York with offices

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in London, Beijing, Shanghai, Hong Kong, Mumbai, Bahrain, Seoul and Tokyo.

For more information regarding this transaction, please contact Euan Rellie or Justine Mannering in New
York at +1 (212) 265-5300 or Kumar Mahtani in Mumbai at +91 (22) 6410-3804.

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Contact Information:
Euan Rellie
Contact via Email

Online Version of Press Release:
You can read the online version of this press release at:

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