Bryan, Garnier & Co advises Adents on €12M Equity Investment from NAXICAP Partners, Omnes Capital and CapHorn Invest, in partnership with management
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Paris, July 7th, 2016 – Bryan, Garnier & Co advised Adents, the serialization and traceability software specialist, on a €12m series C funding round, bringing over €20m the total amount raised by the company in 18 months.
Pharmaceutical counterfeiting has been booming globally. Law and regulations requiring unit tracking and tracing of drugs packages have been issued in the US and Europe. Over the last few years, Adents has emerged as the most promising provider of versatile and easily deployable serialization and track-and-trace software solutions for the pharmaceutical and life sciences industries.
Serialization is a way of ascribing small batches or even single packages, individual identification codes. These codes allow drug manufacturers to track and trace their products throughout the supply chain. This allows for a variety of valuable tasks to be accomplished, ranging from combating illegal drug counterfeiting to better ensuring drug delivery efficiency and patient safety.
As a result of the new regulations, thousands of packaging lines will have to be equipped to deliver serialized products before the end of 2017 in the US, and by the beginning of 2019 in the EU. Both regions represent strategic milestones in the worldwide move towards global serialization of the drug industry.
Already well established in different industries (including food and spirits), Adents has built a strong track record in the pharmaceutical segment with several drug packaging lines equipped to date in Europe and the US. Furthermore, the company has experienced significant growth since the announcement of a strategic collaboration with Siemens earlier this year. They continue to accelerate the global roll-out of its solution by concluding key partnerships with System Integrators and Technology Partners.
To date, more than 2 billion unique codes have been generated and managed globally using Adents software.
“ This new round of funding addresses two strategic objectives for the company in the short term, » explains Christophe Devins, CEO and Founding Partner of Adents. « First, we believe it will strengthen our partnership program, with a strong focus on the development of a powerful « solution partner » network in the US Second, it will support the penetration into promising new international markets, such as the Middle East and Asia.”
Although the new round of funding, led by Bryan, Garnier & Co, generated a great interest among prominent international investors, Adents’ executives chose NAXICAP, Omnes Capital and CapHorn
Invest, all of whom have supported the growth of the company for many years and confirmed their confidence in Adents’ growth strategy.
Stéphane Fay, GM at Adents added: “Bryan Garnier’s team demonstrated tireless commitment throughout the process. Their strong expertise and understanding of our business and industries, at the crossroads of technology, software and healthcare, have been instrumental in raising interest from international investors, leading to the successful completion of this transaction.”
Olivier Beaudouin, Partner at Bryan, Garnier & Co, commented: “We are delighted to have assisted Adents in this new funding round which will give them the means to accelerate their international roll-out. We are proud to back one of the top ten funded software companies in France having raised a total of €25 million since the creation of the firm, of which €20 million was found over the last 18 months. This transaction further strengthens our leadership in industrial and infrastructure software, after deals such as Metrologic or Infovista.”
Bryan Garnier & Co acted as sole financial advisor to Adents for this transaction.
Participants
Adents: Christophe Devins, Stéphane Fay, Tangi Le Calvez
Bryan, Garnier & Co: Olivier Beaudoin, Vincent Gasné, Jonathan Bohbot
About Adents
Adents is a software specialist of unique product identification and traceability helping pharmaceutical companies and contract manufacturers adapt to market changes and comply with regulations on drug traceability. Adents Pharma Suite utilizes user-friendly, standardized software compatible with both information systems (ERP, MES) and existing production and packaging equipment. Easily upgradable, the software is designed to address both current and emerging regulations to help pharma companies remain in compliance long-term.
Adents Pharma Suite serialization software was recently awarded an Innovation Award from Medicine Maker, a UK-based publication focusing on the pharmaceutical manufacturing sector.
Founded in 2007, Adents operates in Europe, Canada, and in the United States.