NEWS8 September 2011

Kennet to fuel WorldOne expansion with $25m investment

Financials North America

US— Private equity firm Kennet Partners has invested $25m in healthcare data collection firm WorldOne that the firm will use to speed up its global expansion and development of new business lines.

As a result of the funding Kennet’s managing director Michael Elias will take a set on the board of directors at WorldOne.

He said: “We have been enormously impressed by WorldOne’s growth profile and its dynamic leadership team. They have built a unique global healthcare panel, which is a tremendous asset upon which can be developed a number of exciting new business activities.”

WorldOne is headed by CEO Peter Kirk (pictured), and the data collection firm said that it completed more than 300,000 interviews around the word last year for almost 2,000 market research projects.