Back to Pharma Services
Peer Fund / Dealmaker·Pharma Services

Eric Stewart

Senior Managing Director, European M&A at Leerink Partners

London, United Kingdom

ES
LinkedIn
Why they matter

Stewart built Leerink's European healthcare M&A practice from scratch, bringing a decade of Lazard deal relationships spanning Mallinckrodt, Abcam/Danaher and Galderma.

Background

Eric Stewart is a Senior Managing Director at Leerink Partners, where he joined in June 2025 to found and lead the firm's first international office and its European Healthcare M&A practice out of London. He spent over a decade at Lazard as a Managing Director co-leading its European Healthcare Group, having joined from Houlihan Lokey's Healthcare Investment Banking team in 2014, and began his career at Stryker Corporation. He holds a B.A. in Economics from the University of Michigan.

Notable deals

  • 2025
    Advised Mallinckrodt on its $6.7bn merger with Endo
  • 2023
    Advised Abcam on its $5.7bn sale to Danaher
  • 2024
    Advised Galderma on its $17bn IPO
  • 2022
    Advised UCB on its $1.9bn acquisition of Zogenix

Call-prep brief

Background

  • Senior Managing Director, Leerink Partners — hired June 2025 to found the firm's first international office (London) and lead its European Healthcare M&A practice.
  • Prior: 10+ years at Lazard (Managing Director, co-head European Healthcare Group); before that, Houlihan Lokey Healthcare and Stryker.
  • BA Economics, University of Michigan.

Current focus

  • Standing up Leerink's European deal franchise: pharma, biotech, medtech, life science tools and diagnostics coverage from London, working alongside the US investment banking team.

What he cares about

  • Cross-border strategic M&A and IPO execution for European biopharma/healthcare companies; building durable sponsor and corporate-development relationships rather than one-off transactions.

Recent moves

  • Left Lazard for Leerink in June 2025 amid a broader wave of senior healthcare banker moves and Leerink's ~50% 2024 revenue growth; this is his first buy-side-adjacent platform build rather than an established seat.

Potential sensitivities

  • Non-compete/garden-leave considerations from his Lazard exit may limit which deals or clients he can discuss.
  • As a newly built European practice, deal flow and headcount are still ramping — avoid assuming Leerink already has the same European bench depth as Lazard or Goldman.

Questions to ask

  1. Which CDMO/pharma services sponsors or strategics is he currently in dialogue with in Europe post-launch?
  2. How is Leerink differentiating its European healthcare coverage from established players like Lazard, Centerview, and Goldman?
  3. Given Mallinckrodt/Endo and Abcam/Danaher, what read-throughs does he see for consolidation among mid-cap European pharma services and CDMO assets?

Outreach draft

Subject
European Pharma Services M&A — Quick Perspective
Hi Eric, Congratulations on launching Leerink's European practice — the Mallinckrodt/Endo and Abcam/Danaher deals speak for themselves. I'm supporting a private equity team focused on pharma services and CDMO opportunities in Europe, and given your Lazard and Leerink deal experience across biopharma and life science tools, I'd value 20 minutes to get your read on current consolidation trends and valuation dynamics in the space. Would you have time for a call in the next couple of weeks? Happy to work around your schedule. Best, [Your Name]

Linked companies

Sources

Strongest evidencePage title2 public sourcesVerified2026-08-07How the grades work