Astorg Joins Nordic Capital and Novo Holdings in Recapitalization of ERT

October 21, 2019

Astorg will invest in eResearchTechnology, Inc. (ERT), joining existing owners Nordic Capital, Novo Holdings A/S and the ERT management team in a broadened ownership group. The investors will support continued development of ERT's clinical trial technology platform, expand operational capabilities, and pursue selective add-on acquisitions to drive future growth; financial terms were not disclosed.

Buyers
Astorg, Nordic Capital, Novo Holdings A/S, ERT management team
Targets
eResearchTechnology, Inc. (ERT)
Location
Pennsylvania, United States
Transaction Type
Recapitalization

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