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Kester Capital acquires two consulting businesses for portfolio companies MAP and GXP 

May 21, 2024 at 9:09 am

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UK lower mid-market private equity firm Kester Capital has acquired AxTalis, a Belgium-based consulting services provider to the pharmaceutical and biotech sectors, and North Carolina-based Polaris Compliance Consultants on behalf of its portfolio companies MAP Patient Access and GXP Engaged respectively. 

The acquisitions were enabled by Kester’s latest fund, Kester Capital III, according to a press release. The fund closed at its £200m hard cap in March.

Kester Capital said that the AxTalis add-on would “complement MAP’s existing presence in the UK and Ireland” in building a pan-European business, while Polaris would combine with GXP’s newly formed US entity and expand the firm’s presence beyond the UK, Europe and Asian markets.