Rephine is delighted to announce the purchase of the business via a management buy-out, by a team comprising the existing senior managers together with a new CEO, CFO and Chair, backed by Kester Capital, a London-based private equity investor and primary buyout specialist.
Headquartered in Stevenage, and with offices in India and Turkey, Rephine is a fast-growing business that has pioneered a differentiated approach to GMP/GCP auditing through its audit library model. This innovative solution addresses common auditee and customer pain points caused by increasingly time-consuming and onerous auditing requirements.
With pharmaceutical supply chains and regulations continuing to grow in complexity, Rephine is well positioned to benefit from these strong market tailwinds. This new partnership with Kester will allow Rephine to invest in growing its audit library and broadening its service offering into other GxP audit areas.
Adam Sherlock, an experienced life sciences senior executive, has joined Rephine as CEO, taking over from Rino Coladangelo, who is retiring. The current senior executives in the business, Alasdair Leckie, Chris Burman and Gaëlle Jaron, are remaining with the business in their respective leadership roles. In addition, Maureen Coleman, who holds several executive, NED and Chair roles in the life sciences sector, will join as Chair of the company. Completing the incoming team is Simon Burrows, an experienced finance director, who joins as CFO.
Adam Sherlock, incoming CEO, said: “This deal is an important and significant milestone for Rephine, and we are delighted to be partnering with Kester Capital. Rephine has huge potential for growth, and I am looking forward to leading the organisation as we move into this next phase.”
Rino Coladangelo, outgoing CEO, said: “I am proud to have led Rephine to this point and am pleased to be handing over to Adam, Maureen and the Kester team. I am confident their experience and expertise, supported by the great existing team, will take Rephine to the next level.”
Adam Maidment, Managing Partner of Kester Capital, said: “Rephine provides an invaluable service to its auditees and customers through its differentiated audit library model. We are delighted to be partnering with Adam, Maureen and the existing management team to grow the business organically and through acquisition.”