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Astorg Acquires Majority Interest in Avania

Partners with existing ownership to accelerate growth Avania, the preeminent, full-service global MedTech contract research organization ("CRO"), today announced that Astorg has acquired a majority

Avania in Position for Next Stage of Growth

Avania in Position for Next Stage of Growth Avania, a leading global full-service contract research organization (CRO) focused on medical technology (MedTech) development, today announced that it has successfully refinanced its existing banking facilities with Crescent Capital Group. This new banking facility allows us to accelerate our next phase of organic and acquisitive growth over the next few years, said Edo van Houten, CFO of Avania. This transaction is also a reflection of the progress we have made in our brand strategy and position in the market, and it demonstrates the confidence of the financial community in our operational and strategic plan.

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