9 September 2016
Paragon invests in PAVIS
Paragon acquires the operating business of PAVIS e.G., a leading global provider of value-add Intellectual Property (IP) Management services generating sales of more than € 120 million. Confidentiality has been stipulated with regard to the purchase price.
Paragon, the Munich based private equity firm, acquired the operating business of PAVIS e.G. including all assets and employees. The Company, now operating under the name of PAVIS GmbH, is headquartered in Starnberg, Germany and has 35 employees.
Founded in 1980, PAVIS is a leading global provider of value-add Intellectual Property (IP) Management services. Initially established as a cooperative of patent lawyers, PAVIS today serves a broad base of corporate customers and IP law firms. Providing its customers a broad range of value-add services at the highest quality standards, PAVIS is the ideal partner for IP lawyers, small and medium-sized companies as well as large corporations.
Longstanding CEO, Gudrun Skupch, will continue to head PAVIS. Paragon will invest significantly into the continued expansion of the business and will further strengthen the organisation.
Reporting on the sale, Gudrun Skupch stated: “Thanks to our high-quality services and the strong commitment of our employees to the needs of our customers, PAVIS posted consistently strong growth over the past years. We are delighted that Paragon has invested in PAVIS and will endorse us in exploiting the untapped growth potential.”
Krischan von Moeller, managing partner at Paragon added: “We are deeply convinced of PAVIS comprehensive high-quality service offering in the field of IP management and look forward to supporting Ms. Skupch and her team in further growing the business.”
Josef Steimle, Chairman of the Supervisory Board of PAVIS e.G.: “Paragon is the best owner for PAVIS ensuring the future independence of the company and high-quality service level for the former owners and long-term customers. We trust that Paragon will actively drive the further development of the business. We wish the new owners, Ms. Skupch and her team continued success for the future.”
PAVIS is a leading global provider of IP Management services to patent lawyers and to the patent and legal departments of large corporate and small and medium-sized companies. PAVIS has more than 35 years of experience and a strong track record of delivering high quality service, making PAVIS the ideal partner when it comes to reliable protection of patents, utility models, trademarks and designs. Well-trained staff and unrivalled technology enable PAVIS to offer its customers state-of-the-art solutions making PAVIS the trusted partner of choice for more than 2,000 customers. Managing a portfolio of over 700,000 IP rights, PAVIS handles payment services in more than 200 countries and cooperates with more than 900 local partners globally.
For further information, please visit www.pavis.de.
Paragon is one of the leading independent private equity firms in Europe with approx. €650 million of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 7 companies. Paragon was founded in 2004 and is based in Munich, Germany. For further information please refer to www.paragon.de.