Astorg Acquires Majority Stake in Avania

June 20, 2022

Astorg has acquired a majority stake in Avania from Kester Capital, with Kester expected to retain a minority position and management also reinvesting. Avania, a Bilthoven-headquartered MedTech-focused clinical CRO, will use Astorg's capital and network to accelerate organic growth and pursue M&A to build a scaled, global MedTech CRO platform.

Buyers
Astorg
Targets
Avania
Sellers
Kester Capital
Location
Utrecht, Netherlands
Transaction Type
Buyout

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