Swiss private equity investor HBM Partners (HBM) has acquired a minority stake in the Swiss company APR Applied Pharma Research SA (APR) for an undisclosed amount.
The fund’s advisor, Alexander Asam, will become a member of the Board of Directors of APR.
“We have followed the progress of APR for quite some time and are pleased to invest in APR. This investment underlines our strategy to invest in attractive, growing and internationally oriented firms. APR with its proven track record in formulation and development provides growth opportunities in various segments of the Healthcare industry,” says Dr Alexander Asam of HBM.
“We are pleased and honored to welcome HBM among our Shareholders“, says Paolo Galfetti, CEO and co-founder of APR, “over the last few years we have nicely progressed in transitioning APR from an entirely family owned company into a private, fast growing and revenue generating corporation with an exceptional track record in developing and licensing-out patient-centric, science driven and patent protected Healthcare products on a global basis. We are excited to be part of HBM’s portfolio companies and we are confident that HBM, together with our other institutional investor Bright Technology Fund, will be able to bring additional value to APR. Finally, we are also pleased about the opportunity to work with Alexander Asam who will bring to APR his extensive expertise and network in the pharmaceutical industry.”
As part of the transaction, Valentina Reiner, co-founder of APR, will resign from the board of APR while maintaining her management role within the company: we are all grateful to Valentina for all the efforts, dedication and value she offered to APR over her tenure.
