Paragon sells NovumIP to Questel

NovumIP has been formed through the merger of PAVIS and Novagraaf in 2019 to provide clients with a wider range of IP advisory, administration, and technology-led services. The collaboration was sparked by IP owners and customers seeking access to a single, go-to resource for all their IP needs.

Questel is the leading global IP solutions provider, who has built a truly end-to-end integrated platform of software and technology-enabled services addressing corporate and law firm needs across the entire IP lifecycle.

“Following the combination of PAVIS and Novagraaf to form NovumIP, the merger with Questel will form the leading global provider of end-to-end IP solutions”, says Dr. Krischan von Moeller, Managing Partner at Paragon and adds: “We would like to thank Reinhard Ottway (Executive Chairman, NovumIP), Lutgarde Liezenberg (CEO, Novagraaf), Thomas Gruber (CEO, PAVIS), their management team and all employees for their profound contribution and high commitment over the past years.” Max Moser von Filseck, Principal at Paragon, further comments “The NovumIP team has accomplished great things in the last four years which will serve as a basis for the continued strong growth. This momentum will be even more pronounced as part of Questel.”

Paragon and NovumIP were supported throughout the transaction by Alvarez & Marsal (financial), Baker McKenzie (legal), KPMG (tax) and Rothschild (M&A).

About Novagraaf
For more than 130 years, Novagraaf has been helping iconic brands and innovative organisations around the world drive competitive advantage. One of Europe’s leading IP consulting groups, Novagraaf specialises in the protection and global management of IP rights, including trademarks, patents, designs, domain names and copyright. Headquartered in the Netherlands, Novagraaf has 18 offices worldwide, and acquired Thomsen Trampedach in 2020. The firm is unique in its ability to provide clients with tailored legal expertise, efficiency-gaining administrative services, and proactive commercial insights. Find out more at www.novagraaf.com.

About PAVIS
PAVIS is a leading provider of IP management services worldwide. For more than 40 years PAVIS has been a valuable partner for law firms and corporate IP departments with large IP portfolios. Innovative technical solutions, well-established procedures and a high degree of automation make PAVIS one of the most efficient and reliable IP management service providers. PAVIS has a focus on patent annuity payments and trademark renewals. Its subsidiary PAVIS Payments is officially approved as a regulated payment service provider in accordance with the Payment Services Supervision Act. As a result, PAVIS is able to provide all services in full compliance with statutory requirements. Find out more at www.pavis.com.

About Questel
Questel’s mission is to facilitate the development of innovation in an efficient, secure, and sustainable way. Questel is a true end-to-end intellectual property solutions provider to more than 15,000 clients and one million users across 30 countries. The company offers a comprehensive software suite for searching, analyzing, and managing inventions and IP assets. Questel also provides services throughout the IP lifecycle, including prior art searches, patent drafting, international filing, translation and renewals. These solutions, when combined with its IP cost management platform, deliver clients an average savings of 30-60% across the entire prosecution budget. Find out more at www.questel.com.

About Paragon
Paragon is one of the leading independent private equity firms in Europe with more than €1.2 billion 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 14 companies. Paragon was founded in 2004 and is based in Munich, Germany. For further information please refer to www.paragon.de.