BDO provided financial and tax due diligence services to Avania in relation to its acquisition of IMARC Research Inc.
Avania is a leading, global full-service contract research organisation focused on the management of clinical studies for medical devices, IVDs, biologics and device-drug combination products internationally. Headquartered in the Netherlands, Kester Capital acquired the business in 2016 and has driven an increasingly global presence through organic and acquisitive growth. Since Kester’s initial investment the business has more than quadrupled its revenue.
This deal sees Avania acquire IMARC, a highly respected medical device CRO headquartered in Strongsville, Ohio and providing service throughout the US.
"We were very pleased with the BDO UK team, which coordinated international workstreams across FDD and tax. It was a highly collaborative process with us, which was important also given the pandemic. We look forward to working with BDO again in the future."
Edo van Houten, CFO, Avania