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 collaborates with LifeArc on expert paper to support drug repurposing
Multinational law firm Pinsent Masons has collaborated with medical research charity LifeArc, on a new report offering expert advice, insights and practical tips to charities, researchers and funders hoping to repurpose drugs for other – often rare and fatal – conditions.
Pinsent Masons advises UCL on £300m sustainability bond
Multinational law firm Pinsent Masons has advised University College London (UCL) on its debut issue of £300m 1.625% sustainability bonds due 2061 - the first publicly listed sustainability bonds in the higher education sector.
Pinsent Masons advises Farra Marine on Ireland’s first next generation wind farm service craft
Multinational law firm Pinsent Masons has advised crew transfer vessel owner and operator Farra Marine on Ireland's first next generation wind farm service craft, the Farra Orla.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons collaborates with LifeArc on expert paper to support drug repurposing
Multinational law firm Pinsent Masons has collaborated with medical research charity LifeArc, on a new report offering expert advice, insights and practical tips to charities, researchers and funders hoping to repurpose drugs for other – often rare and fatal – conditions.
Pinsent Masons advises UCL on £300m sustainability bond
Multinational law firm Pinsent Masons has advised University College London (UCL) on its debut issue of £300m 1.625% sustainability bonds due 2061 - the first publicly listed sustainability bonds in the higher education sector.
Pinsent Masons advises Farra Marine on Ireland’s first next generation wind farm service craft
Multinational law firm Pinsent Masons has advised crew transfer vessel owner and operator Farra Marine on Ireland's first next generation wind farm service craft, the Farra Orla.
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]