Paris, September 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.
counterfeiting has been booming globally.
Law and regulations requiring unit tracking and tracing of drugs
packages have been issued in the US and in 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.
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
“ 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 U.S. 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
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
Adents: Christophe Devins, Stéphane Fay, Tangi Le Calvez
Bryan, Garnier & Co: Olivier Beaudoin, Vincent Gasné, Jonathan Bohbot
About Adents (www.adents.com)
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.
About Bryan, Garnier & Co (www.bryangarnier.com)
Bryan, Garnier & Co is an
independent investment bank specialized in European TMT, Healthcare and
Renewable Energies growth companies. Bryan, Garnier & Co is positioned in
three activities: Equity Research & Brokerage, Asset Management and
Bryan, Garnier & Co has become a
leader in advising European growth companies on strategic finance transactions
such as mergers and acquisitions, equity capital markets, LBOs, IPOs and
With more than 150 professionals
based in London, Paris, Munich, Geneva, New York and New Delhi, Bryan, Garnier
& Co combines the range of services and the expertise of top-tier
investment banks with the level of attention to clients of a boutique.