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.
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons signs gender balance pledge for Energy sector
International law firm Pinsent Masons is the first law firm to sign up the initiative known as the "AXIS pledge" - which will provide a behavioural charter and see a gender balance commitment formalised in writing by the Directors of organisations within the Energy Sector.
Pinsent Masons appoints new London partner in expanding Life Sciences team
International law firm Pinsent Masons has further enhanced its international life sciences and technology sector capabilities with the appointment of Nicole Jadeja in its London office.
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]