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 releasesPinsent Masons hires financial services litigation partner Stuart Murdoch
Multinational law firm Pinsent Masons has appointed financial services litigation partner Stuart Murdoch to join its team in Edinburgh, strengthening the firm’s disputes capability for financial institutions, funds and insurers in the UK and internationally.
Pinsent Masons advises Taiwanese banks on funding for purchase of major Victorian industrial park
Multinational law firm Pinsent Masons has advised a syndication financing by KGI Bank Co., Ltd., acting as Facility Agent on the funding of the acquisition of the Scoresby Industrial Park by Hale Capital Partners. Taishin International Bank Ltd. participated in the transaction as Mandated Lead Arranger Bank.
Pinsent Masons advises NTR to secure refinancing of Provencialis wind farm (48 MW) in France
Pinsent Masons has advised Irish-based renewables investor and asset manager NTR, acting as sponsor on the successful refinancing of the French wind farm Provencialis, with an installed capacity of 48 MW
People who viewed this press release also viewed
Show me all press releasesPinsent Masons hires financial services litigation partner Stuart Murdoch
Multinational law firm Pinsent Masons has appointed financial services litigation partner Stuart Murdoch to join its team in Edinburgh, strengthening the firm’s disputes capability for financial institutions, funds and insurers in the UK and internationally.
Pinsent Masons advises Taiwanese banks on funding for purchase of major Victorian industrial park
Multinational law firm Pinsent Masons has advised a syndication financing by KGI Bank Co., Ltd., acting as Facility Agent on the funding of the acquisition of the Scoresby Industrial Park by Hale Capital Partners. Taishin International Bank Ltd. participated in the transaction as Mandated Lead Arranger Bank.
Pinsent Masons advises NTR to secure refinancing of Provencialis wind farm (48 MW) in France
Pinsent Masons has advised Irish-based renewables investor and asset manager NTR, acting as sponsor on the successful refinancing of the French wind farm Provencialis, with an installed capacity of 48 MW
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]