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
- Industry
- Healthcare Services
- Location
- Utrecht, Netherlands
- Transaction Type
- Buyout
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