Advarra, Leading Provider of Life Sciences R&D Compliance and Technology Solutions, Secures Major Investment from Blackstone and CPP Investments


Investment will aid next advancement period in Advarra’s journey to make medical investigation safer, smarter, and quicker

COLUMBIA, Md., June 10, 2022–(Business enterprise WIRE)–Advarra, a foremost company of regulatory, good quality, and compliance methods and clinical demo systems in the daily life sciences sector, nowadays introduced that private fairness resources managed by Blackstone (“Blackstone”) and Canada Pension Plan Investment Board (“CPP Investments”) have signed a definitive settlement to make a vast majority financial investment in Advarra. The expenditure features important ongoing fairness participation from Genstar Capital and Linden Cash Partners, latest shareholders, and management. Blackstone is investing in Advarra by its core non-public fairness approach, which invests in superior-quality corporations for lengthier durations than common personal fairness.

Advarra advances daily life sciences investigate by enabling risk-free, moral, and compliant clinical trials and supplying core workflow technologies to assist the progress of everyday living-conserving therapies. Its trusted Institutional Overview Board (IRB), Institutional Biosafety Committee (IBC), and related expert services aid assure compliance and participant security throughout clinical trials while its modern computer software alternatives help clinical investigate web sites to handle their exploration in a compliant and successful way. Advarra’s application options also link lifestyle sciences sponsors, contract exploration companies (CROs), scientists, and educational clinical facilities, enabling them to superior have interaction and collaborate all through the perform of the scientific trial. Advarra is headquartered in Columbia, Maryland and has extensive geographic arrive at.

“We are thrilled to sign up for forces with Blackstone and CPP Investments. Their world-wide achieve, major health care and technological innovation franchises, shared values, and motivation to life sciences make them the suitable associates to more speed up progress in the up coming stage of our journey,” mentioned Gadi Saarony, CEO of Advarra. “They convey deep world-wide and sector practical experience and relationships to assist new company, details, and software program innovation abilities that enhance compliance, transparency, collaboration, and general benefit to our clientele throughout the daily life sciences ecosystem. We are grateful for the potent assist and contributions from Genstar and Linden above the last numerous several years, and we are pleased they have chosen to continue being major traders.”

Anushka Sunder, a Senior Taking care of Director at Blackstone, said, “We are proud to back again Advarra specified its essential job in enabling high-high quality medical R&D and helping its clients bring life-switching treatment options to individuals. Sustained innovation and scientific improvement in daily life sciences is one of our highest conviction investment themes throughout Blackstone. We are psyched to partner with Gadi and the relaxation of the Advarra staff to proceed investing in talent, differentiated scientific knowledge, client-centric solutions, and innovative medical trial technological innovation to comprehend Advarra’s whole potential in the many years ahead.”

“Advarra has founded a robust name in the industry and is nicely positioned to address the developing need for large-high quality scientific analysis remedies, earning it a great match for our extensive-term financial investment method,” explained Sam Blaichman, Managing Director, Head of North America, Direct Private Fairness at CPP Investments. “We search forward to working with our partners and management to help the advancement of the enterprise in the coming many years.”

“Considering that our acquisition in 2019, Gadi and the Advarra group have remodeled the business enterprise into a primary provider of workflow answers to make clinical trials safer, a lot more effective and eventually, much more effective,” commented David Golde, Managing Director at Genstar Capital. “It has been a enjoyment driving this transformation with the Advarra group, and the corporation is on a really remarkable trajectory to further more its mission supporting the life sciences business and the people it serves. We wish Gadi, the total management group, Blackstone, and CPP Investments the finest good results in driving Advarra’s subsequent period of strategic development.”

Jefferies LLC is serving as lead fiscal advisor and Ropes & Gray LLP as lawful counsel to Genstar and Advarra. BofA Securities acted as advisor in link with the transaction. Simpson Thacher & Bartlett LLP is performing as authorized counsel and Goldman Sachs & Co. LLC as money advisor to Blackstone.

About Advarra
Advarra advancements the way clinical analysis is carried out: bringing lifetime sciences firms, CROs, investigation internet sites, investigators, and academia alongside one another at the intersection of security, technological know-how, and collaboration. With trustworthy overview solutions, innovative technologies, knowledgeable consultants, and deep-seated connections throughout the sector, Advarra delivers integrated answers that safeguard trial individuals, empower medical web pages, be certain compliance, and enhance research performance. Advarra is advancing medical trials to make them safer, smarter, and faster. For much more information and facts, visit advarra.com.

About Blackstone
Blackstone is the world’s most significant substitute asset manager. We request to build good financial influence and extended-expression worth for our buyers, the businesses we commit in, and the communities in which we function. We do this by employing incredible people and adaptable cash to enable companies address complications. Our $915 billion in assets less than management contain investment autos targeted on personal fairness, authentic estate, community debt and fairness, infrastructure, daily life sciences, advancement fairness, opportunistic, non-financial investment quality credit rating, authentic property and secondary funds, all on a global foundation. More info is out there at www.blackstone.com. Adhere to @blackstone on LinkedIn, Twitter, and Instagram.

About CPP Investments
Canada Pension Approach Investment Board (CPP Investments™) is a expert investment management corporation that manages the Fund in the best fascination of the 21 million contributors and beneficiaries of the Canada Pension Plan. In buy to make diversified portfolios of property, investments are built close to the planet in public equities, private equities, real estate, infrastructure and preset income. Headquartered in Toronto, with places of work in Hong Kong, London, Luxembourg, Mumbai, New York Town, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension System and at arm’s length from governments. At March 31, 2022, the Fund totalled C$539 billion. For more facts, remember to check out www.cppinvestments.com or observe us on LinkedIn, Fb or Twitter.

About Genstar Cash
Genstar Cash (www.gencap.com) is a leading non-public fairness agency that has been actively investing in large quality companies for more than 30 a long time. Dependent in San Francisco, Genstar performs in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into business-main enterprises. Genstar at present has close to $35 billion of property below management and targets investments centered on targeted segments of the fiscal solutions, health care, industrials, and software package industries.

About Linden Funds Partners
Linden Capital Partners is a Chicago-dependent non-public equity agency targeted solely on the health care field. Established in 2004, Linden is a person of the country’s greatest committed healthcare private equity firms. Linden’s strategy is centered on 3 factors: (i) health care specialization, (ii) integrated non-public equity and operating experience, and (iii) its differentiated human funds software. Linden invests in middle industry platforms in the healthcare products, specialty distribution, pharmaceutical, and companies segments of health care. Since its founding, Linden has invested in about 40 health care companies encompassing over 200 overall transactions. The business has elevated over $6 billion in restricted spouse commitments since inception. For far more details, be sure to check out www.lindenllc.com.

Look at supply variation on businesswire.com: https://www.businesswire.com/information/residence/20220610005502/en/

Contacts

Matthew Anderson
+1 (212) 390-2472
[email protected]





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