Paragon Partners invests in future growth of IP provider Novagraaf
Novagraaf announced today its collaboration with Paragon Partners, a Munich-based private equity company that is investing into Novagraaf by taking a majority stake from current investor Gilde Buy Out Partners. This investment represents a major endorsement of Novagraaf’s plans to grow its business by investing further into its people, services and technologies, while meeting the changing needs of its global customer base.
Founded in 1888, Novagraaf is the world’s largest trademark filer and a major patent filer, managing more than one million intellectual property (IP) assets on behalf of customers, and representing many of the world’s major patent and trademark owners. The company is headquartered in Amsterdam, The Netherlands, with offices throughout Europe, including London, Brussels, Paris and Geneva. Novagraaf also opened sales operations in China, Japan and the US in 2016.
Novagraaf works for some of the world’s leading IP owners, from ambitious start-ups to household names. Paragon Partners will invest significantly into the continued expansion of the business and its input and expertise will further strengthen the organisation.
“This investment endorses our strategy to meet ever-changing market requirements by investing in our people and technology to provide world-class IP services”
“This investment endorses our strategy to meet ever-changing market requirements by investing in our people and technology to provide world-class IP services”, comments Novagraaf CEO Lutgarde Liezenberg. “We are proud that Paragon supports our vision for growth, and we look forward to working with them to continue to deliver value-added innovative services across the entire IP life cycle to all our customers.”
Liezenberg adds: “We would also like to thank Gilde for being a very reliable and loyal partner to Novagraaf. Thanks to their professional contribution, we have been able to build a truly unique, leading IP services platform in Europe.”
Commenting on the new investment, Dr. Krischan von Moeller, Co-founder and Managing Partner of Paragon Partners says: “Novagraaf has developed a diverse, strong and loyal customer base due to its focus on high-quality services and innovative technology. We look forward to working with them to realise further growth potential. Our investment in people, processes and technology will make sure the company continues to outperform on customer expectations.”
About Paragon Partners
Paragon Partners is an independent private equity company investing in innovative companies with a proven and sustainable business model. This is its second investment into the intellectual property (IP) services sector after acquiring the operating business of Pavis GmbH, a leading provider of value-add IP management services in September 2016. For more information, visit www.paragon.de/en.