31 Aug 2018 | 05:00 pm |
International law firm Pinsent Masons is advising Cambridge-based biopharmaceutical services company Abzena plc on its recommended acquisition by a fund set up by US private equity house Welsh, Carson, Anderson & Stowe.
Astro Bidco Limited, which is wholly-owned by the WCAS Fund, has offered to pay Abzena shareholders 16p per share. Under the terms of the acquisition, the deal is valued at approximately £34.4 million on a fully diluted basis.
Abzena plc provides proprietary technologies and complementary services to enable the development and manufacture of biopharmaceutical products. The company offers these services and technologies across sites in Cambridge, UK, San Diego, California, and Bristol, Pennsylvania.
The Pinsent Masons team is being led by corporate finance partner Charles Waddell, alongside partner Gareth Jones and senior associate Adam Cain, with assistance from solicitor Alice Foster and trainee solicitor Charlie Chetwood. Other members of the team involved are legal director Suzannah Crookes and solicitor Kate Haywood in incentives, and banking partner Vanessa Heap, senior associate Anais Spacey and solicitor Maliha Abu-Nowar.
Multinational law firm Pinsent Masons has advised Royal London Asset Management Property on its acquisition of Fradley Park, a major industrial estate in Lichfield, West Midlands, in a £197 million off-market transaction.
Multinational law firm Pinsent Masons in Paris advised La Banque Postale and Bpifrance in connection with the financing of the repowering of two wind farms (Marsanne and Grand Bois) owned by funds managed by Octopus Energy Generation, for an amount exceeding €83 million.
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
Multinational law firm Pinsent Masons has advised Royal London Asset Management Property on its acquisition of Fradley Park, a major industrial estate in Lichfield, West Midlands, in a £197 million off-market transaction.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]