Advipro has been acquired by Normec
Pentahold, an independent Belgian private equity firm, has sold Advipro to Normec.
Founded in 2003, Advipro is a Belgian-based reference engineering and consulting service provider focused on good practice quality guidelines and regulations (GxP) in the life sciences industry. The company has acquired expertise across the entire life sciences value chain, from research and clinical operations to manufacturing and patient care. Its solutions include project support, consulting and solutions, testing and validation, and a GxP academy. It has been successful at consistently fulfilling the demands of its diversified blue chip customer base of both big pharma and local life sciences companies, resulting in a high customer retention.
Normec is the holding company of the Normec Group. Normec is active in the field of testing, inspecting, certification and compliance (TICC) mainly in the Netherlands, Belgium and Germany. It assesses and supports the quality and safety of materials, systems and products by conducting independent audits, tests and inspections based on accredited methods. As an independent organization, its work includes taking care of the quality and safety of its clients’ materials, systems and products. With intelligent, thorough and independent research and reporting, Normec combines professional expertise with excellent IT-driven services to provide value-added services. In doing so, Normec ensures the sustainable improvement of companies and institutions. The company operates in the life safety and environment, and food and agriculture segments.
Oaklins’ team in Belgium acted as lead advisor to the shareholders of Advipro in the preparation and execution of the sale process, the approach and parallel negotiations with potential buyers, and assisted them until closing. The approach of potential buyers around the globe was supported by local Oaklins teams, which managed to increase competition in the sales process by obtaining competing offers for the company. Oaklins’ business support services specialist team in the Netherlands supported the transaction.
Geert Vanderstappen
Partner, Pentahold
Talk to the deal team
Tom Van de Meirssche
Oaklins KBC Securities
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