21.12.2021

The Rohatyn Group – Acquisition of Crown CRO Group

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We advised The Rohatyn Group, a New York headquartered private equity and asset management house, and its portfolio company Optimapharm d.o.o (Croatia) in the acquisition of contract research group Crown CRO, which has a presence in the Nordics and Baltics.

The Rohatyn Group is a multi-strategy investment firm that is based in New York, NY. The firm offers multiple products across asset classes and investment approaches including hedge funds, credit, risk management, fixed income, macro and private market strategies. The firm has a presence in 15 cities globally.

Optimapharm is a leading European, mid-sized, full-service Clinical Research Organization (CRO) that provides successful tailor-made clinical research solutions to biotech, pharma and medical device companies.

Crown CRO, established in 2005, is a privately owned CRO with Finnish roots and a global network. Crown CRO specialises in customer-oriented, competitive and flexible services for clinical trials and regulatory affairs in Europe and the United States, serving the pharmaceutical, biotech, functional food, and medical device industries as well as contract research organisations. Headquartered in Finland, CrownCRO also has a strong presence in Sweden, Denmark, Norway, Estonia, Latvia and Lithuania.

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Banyan Software – Acquisition of Carus Ferry

We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.

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