EQS-News

GREENPEAK Partners closes inaugural Continuation Fund led by HarbourVest Partners for two leading Germany-based companies in the specialty laboratories and Testing, Inspection, and Certification (‘TIC - Seite 2

GREENPEAK portfolio companies with impressive organic growth and M&A track record

Under GREENPEAK’s ownership and the leadership of their respective management teams, ACADEMIA and CERTANIA have developed into leading diagnostic platforms for specialty laboratories and Testing, Inspection, and Certification (‘TIC’) services in Germany. ACADEMIA is a leading diagnostic platform focused on pathology, human genetics, hemostaseology, and prenatal diagnostics/IVF in Germany. CERTANIA is a leading provider of TIC services focused on addressing global challenges across health and sustainability, respectively. ACADEMIA and CERTANIA have built up their combined EBITDA to nearly €70 Mio., under GREENPEAK’s ownership, while completing a total of over 30 acquisitions.

Continuation Fund I will enable both companies to continue their successful investment strategy over the coming years. Management teams of both firms stay significantly invested and are committed to driving long-term success.

Daniel Beringer, Managing Partner at GREENPEAK, said: “GREENPEAK was successful in developing and supporting two outstanding companies in the testing and analytics business with ACADEMIA and CERTANIA. Together, GREENPEAK, the exceptional management teams of the groups and the joining companies, we have established the groundwork to build outstanding lab businesses, that are able to provide high quality services to their customers and be a long-term home for the entrepreneurs and employees that drive the groups. And we thank the leadership of ACADEMIA and CERTANIA for the successful work to date and look forward to continuing the journey over the coming years.”

Tim Flower, Managing Director at HarbourVest Partners, said: "We are delighted to partner up with GREENPEAK on the creation of this innovative transaction structure, which highlights the capabilities of the HarbourVest platform. Identifying and supporting strong performing General Partners in local markets managing market leading companies with outperformance potential has been an integral part of our strategy. We look forward to combining HarbourVest’s long track record of completing and managing complex transactions with GREENPEAK’s expertise to unlock the significant growth prospects of ACADEMIA and CERTANIA."