Pinsent Masons advises Abzena plc on £34m takeover
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.
Latest press releases
Show me all press releasesGlobal study from Pinsent Masons finds CCS remains dominant, but low-carbon investors looking to diversify
New research from multinational law firm Pinsent Masons shows carbon capture and storage (CCS) remains a global priority for low-carbon players, with 90% of respondents having already invested in or developed a CCS project and 78% planning to do so again in the year ahead.
Pinsent Masons continues to strengthen its Energy practice with the appointment of Lucía González as M&A Energy Partner
Pinsent Masons continues to enhance its Energy practice in Spain with the appointment of Lucía González as an M&A Energy Partner, further strengthening the Madrid-based team led by Hermenegildo Altozano.
Pinsent Masons advises Clarios on the acquisition of three Ecobat plants in Germany and Austria
Multinational law firm Pinsent Masons has advised Clarios, a global leader in energy storage solutions, on a strategic agreement with Ecobat to acquire three industrial assets.
People who viewed this press release also viewed
Show me all press releasesGlobal study from Pinsent Masons finds CCS remains dominant, but low-carbon investors looking to diversify
New research from multinational law firm Pinsent Masons shows carbon capture and storage (CCS) remains a global priority for low-carbon players, with 90% of respondents having already invested in or developed a CCS project and 78% planning to do so again in the year ahead.
Pinsent Masons continues to strengthen its Energy practice with the appointment of Lucía González as M&A Energy Partner
Pinsent Masons continues to enhance its Energy practice in Spain with the appointment of Lucía González as an M&A Energy Partner, further strengthening the Madrid-based team led by Hermenegildo Altozano.
Pinsent Masons advises Clarios on the acquisition of three Ecobat plants in Germany and Austria
Multinational law firm Pinsent Masons has advised Clarios, a global leader in energy storage solutions, on a strategic agreement with Ecobat to acquire three industrial assets.
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]