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)
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Transaction Type
- Recapitalization
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