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New Deal


Announced

Completed

RA Capital Management and Boxer Capital led a $125m series B2 round in iTeos.

Financials

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Transaction Value£101m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Single Bidder

Friendly

medical equipment

Minority

Venture Capital

Acquisition

medical research

Domestic

Belgium

cancer treatment

Biotechnology

Private

Completed

Synopsis

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Private equity firms RA Capital Management and Boxer Capital led a $125m series B2 financing round in iTeos Therapeutics, a biotechnology company. Additional investors include MPM Capital, Societe Regionale d'Investissement de Wallonie, HBM Partners, The Federal Holding and Investment Company, The Invus Group, VIVES, 6 Dimensions Capital, RTW Investments, Fund+, Janus Henderson Investors, and Curative Ventures Management. "We are very pleased to have the strong support of this leading class of investors who share our excitement for the highly innovative oncology therapies we have developed at iTeos. We look forward to accelerating and expanding our clinical development efforts to identify the most promising indications and combinations for people suffering with cancer. This financing maximizes our ability to execute our development plans alone or in partnership," Michel Detheux, iTeos President and CEO.

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