Funds advised by Castik Capital acquire ipan
Munich, Germany 16th May 2018 – ipan group, one of the leading providers of IP management services and software announced today that it has been acquired by Funds advised by Castik Capital (“Castik”), an investment manager specializing in long term growth opportunities with companies that possess unique vision, an established track record and strong management teams.
Under the terms of the deal, Castik have acquired ipan group including the IP management services business, with locations in Europe and the USA, headquartered in Munich, Germany, as well as its Intellectual Property Management Software (IPMS) businesses consisting of Unycom (Austria), IPSS (UK) and its minority holding in IPfolio (USA).
In a separate announcement, Castik has acquired Delegate (formerly Valipat/Envoy) with the goal of growing both companies to offer the market an even stronger combination of services and software. Both ipan group and Delegate are continuing to operate under their own brands and be led by the existing ipan and Delegate management teams, who are fully on board and highly committed to this exciting project.
“We are excited to partner with Castik to enter into the next phase of growth. The combination with Delegate marks another milestone in our development as a leading global provider along the entire IP management lifecycle. I would like to thank our previous majority shareholder Warburg Pincus for their partnership and tremendous support of our exciting growth strategy since 2014.” said Anton Bory, founder of ipan.
“Combining our complementary focus areas will enable us to deliver an even more attractive offering for our customers going forward, and to do so even more efficiently. We are excited to take this next step to accelerate our joint development, in partnership with Castik, said Jens Lütcke, the CEO of ipan.
“Castik Capital is excited by this opportunity of acquiring two great companies in the growing IP management services and software market, thereby creating an ideal platform for continued organic growth that will enable both companies to develop and enhance their high-quality suite of products and services.” said Michael Phillips, Investment Partner at Castik Capital.
About ipan group
ipan group (Intellectual Property Associates Network), is a leading provider of IP management services and software, supporting the largest IP owners around the globe. Founded in 2004, ipan is a strategic alliance of renowned IP experts committed to providing clients a level of quality, transparency and cost savings not available through any other source in the IP market. In 2016, ipan became ipan group with the acquisition of IPMS provider Unycom, followed by IPSS in early 2017. In late 2017, ipan group announced it had acquired a significant minority stake in US-based IPfolio, the provider of nextgeneration IP management software.
Headquartered in Munich, Germany, with offices in Austria, France, Italy, the Netherlands, Sweden, and the United States, the company’s disruptive approach to optimizing process and cost has made it the solution of choice for the largest IP owners and one of the world’s fastest growing IP service and software companies.
For more information on ipan group, please visit www.ipan-services.com
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Castik Capital S.à.r.l (“Castik Capital”) manages investments in private equity. Castik Capital is a European multi‐strategy investment manager, acquiring significant ownership positions in European private and public companies, where long‐term value can be generated through active partnerships with management teams. Castik has an investment horizon of up to ten years – longer than most other private equity funds. This enables Castik to focus resources on its portfolio companies and ensure sustainable, long‐term value creation.
Founded in 2014, Castik Capital is based in Luxembourg and focuses on identifying and developing
investment opportunities across Europe. Investments are made by the Luxembourg‐based fund, EPIC I SLP, the first fund managed by Castik, which had its final close at EUR 1.0bn in August 2015.
More information can be found at http://castik.lu/
Delegate is a fast‐growing administrative support service provider with a leadership position and
reputation in services for EP validations and foreign filings, and a strongly growing presence in IP renewals services and IP recordals. It was formed in 2015 through the merger of Valipat, the Brussels‐based leading provider of EP validation and filing services, and Envoy, the Glasgow‐based fast‐growing IP renewals services provider. With offices in Europe and the U.S., it serves 700+ IP law firms and corporate IP departments with in‐house attorneys through an agent network of 170+ leading law firms, covering all jurisdictions of the worldwide IP markets.
The company is led by CEO Patrice Durand, who has been involved in Valipat since its
foundation as part of IP law firm Gevers Group and subsequent spin‐off.
More information can be found at http://www.delegateip.com/
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