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New Deal


Announced

CITIC Capital to take China Biologic private for $4.6bn.

Financials

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Transaction Value£3,694m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium16.8%
One Off Charge-

Tags

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Biotechnology

Acquisition

Public

biotechnology company

Single Bidder

Friendly

Privatisation

Private Equity

China

Pending

Synopsis

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CITIC Capital offered to take China Biologic, a fully integrated plasma-based biopharmaceutical company in China, private for $4.6bn. "We believe that the Acquisition will provide superior value to the Company's shareholders. We expect that the Company's Board of Directors will establish a special committee comprised of independent and disinterested directors of the Company," CITIC Capital.

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