Advarra, Leading Provider of Life Sciences R&D Compliance and Technology Solutions, Secures Major Investment from Blackstone and CPP Investments

Advarra, a leading provider of regulatory, quality, and compliance solutions and clinical trial technologies in the life sciences sector, today announced that private equity funds managed by Blackstone (“Blackstone”) and Canada Pension Plan Investment Board (“CPP Investments”) have signed a definitive agreement to make a majority investment in Advarra. The investment includes significant continued equity participation from Genstar Capital and Linden Capital Partners, current shareholders, and management. Blackstone is investing in Advarra through its core private equity strategy, which invests in high-quality companies for longer periods than traditional private equity.

Advarra advances life sciences research by enabling safe, ethical, and compliant clinical trials and providing core workflow technology to support the development of life-saving therapies. Its trusted Institutional Review Board (IRB), Institutional Biosafety Committee (IBC), and related services help ensure compliance and participant safety during clinical trials while its innovative software solutions enable clinical research sites to manage their research in a compliant and efficient way. Advarra’s software solutions also connect life sciences sponsors, contract research organizations (CROs), researchers, and academic medical centers, enabling them to better engage and collaborate throughout the conduct of the clinical trial. Advarra is headquartered in Columbia, Maryland and has extensive geographic reach.

“We are excited to join forces with Blackstone and CPP Investments. Their global reach, leading healthcare and technology franchises, shared values, and commitment to life sciences make them the right partners to further accelerate growth in the next stage of our journey,” said Gadi Saarony, CEO of Advarra. “They bring deep global and sector experience and relationships to support new service, data, and software innovation capabilities that enhance compliance, transparency, collaboration, and overall value to our clients across the life sciences ecosystem. We are grateful for the strong support and contributions from Genstar and Linden over the last several years, and we are pleased they have chosen to remain significant investors.”