NextStage AM reaffirms its support for Inova on the occasion of a growth capital transaction led by The Carlyle Group
Lyon, France, July 01, 2021 - The Carlyle Group (NASDAQ: CG), an international investment company announces a growth capital transaction with Inova, software publisher for the biopharmaceutical industry, in order to accelerate growth, finance the innovation and support external growth initiatives. Carlyle is investing € 60 million and will become the main shareholder in the transaction, while the Management and the historic investor NextStage AM have also reinvested on this occasion and reaffirm their strong support for the group.
Based in Lyon, France, with offices in New York, Denver and Tokyo, Inova is a leading software platform in the life sciences industry, facilitating partnerships between pharmaceutical and biotechnology companies. The company supports more than 150 customers around the world, including some of the largest pharmaceutical companies, and is at the forefront of the digital transformation of their collaboration process. Inova's flagship product, "Inova Enterprise", is a collaborative tool used to manage all aspects of outsourced innovation to laboratories and biotech companies, enabling clients to identify leads, complete transactions, to manage alliances as well as to organize virtual events.
Gilles Toulemonde, CEO of Inova, declares: “We are fully committed to the digital transformation of partnerships in the field of life sciences. With the support of Carlyle, we will significantly accelerate our ambitious development plan and be able to leverage our market-leading platform, across the entire value chain, from initial prospecting to managing alliances. We will also be able to roll out our roadmap in terms of innovation and the acquisition of technologies that will complement our global vision of the biopharmaceutical partnership. "
Vladimir Lasocki, co-head of Carlyle Europe Technology Partners, says: “We were extremely impressed with the Inova team and the leadership of its products. We are delighted to be partnering with the company and see it as a tremendous opportunity to help it develop its product line and accelerate its global expansion to become the leading platform for partnerships, an issue at the heart of science. of life. We believe that Inova has significant growth opportunities and we look forward to leveraging our strategic industry knowledge and global network as the company enters its next phase of development. "
“The SaaS platform developed by Inova has shown all its relevance in this year marked by the Covid-19 crisis where collaboration between players in the pharmaceutical industry has never been so strong and essential. We are delighted to continue our support alongside Carlyle and entrepreneurs to support this new ambitious strategy ”, adds Nicolas Saint-Etienne, Partner of NextStage AM.
Carlyle Europe Technology Partners (CETP) IV, a € 1,4 billion fund that invests in technology-driven opportunities in Europe and the United States will invest in equity. The partnership with Inova represents another milestone for CETP's “vertical software” business, following recent investments in 1E and the exits of NetMotion Software and Eggplant. The investment in Inova is part of Carlyle's long-term international commitment to healthcare and technology, in which the company has invested $ 39 billion since its inception.
This new investment by Nextstage in smart health, for an amount of € 6,7 million, will be made as part of the Championnes III program. This is the second investment of NextStage Championnes III which is dedicated to the equity financing of innovative French SMEs established in the regions (particularly in smart health, digital, environmental innovation, etc.) and which benefits from the Relance Label.
Inova is a cloud solution designed to help life science companies find and manage their biopharmaceutical opportunities more effectively. It provides a partnership platform for events, secure licensing and collaboration opportunities, as well as for making deals and managing alliances. Inova has over 100 employees and is headquartered in Lyon, France, with offices in New York, Denver and Tokyo. To find out more, find us at www.inova.io and follow Inova on Twitter @inova_io
Phone: + 33 (0) 4 78 27 95 02
About the Carlyle Group:
The Carlyle Group (NASDAQ: CG) is an international investment firm with deep industry expertise that deploys private capital across three business lines: Global Private Equity, Global Credit and Investment Solutions. With $ 260 billion in assets under management as of March 31, 2021, the Carlyle Group aims to invest wisely and create value on behalf of its investors, the companies in its portfolio and the communities in which it lives and invests. The Carlyle Group employs over 1 people in 800 offices across five continents. More information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
Press contacts :
Phone: +44 (0) 7384 513568
E-mail : firstname.lastname@example.org
Tel: + 33 6 66 58 81 92
E-mail : email@example.com
About NextStage AM:
Independent management company based in Paris, approved by the AMF, NextStage AM, which has cultivated an “entrepreneur-investor” philosophy since its inception in 2002, is one of the pioneers and leaders of innovative and patient development capital. France, which has set up a Private Equity, multi-strategy platform which represents a total of nearly € 6,5 billion AUM, directly and indirectly. NextStage AM invests in a limited number of Medium-Sized Companies (65 companies in the portfolio as of 31/03/2020), French and European, innovative, and growth.
Press contacts :
NextStage AM: Jonathan Boudin - firstname.lastname@example.org - 01 44 29 99 04
Download the press release: CP - Carlyle joins forces with Inova