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New Deal


Announced

NT Pharma to acquire a 40% stake in Kangchen for $51m.

Financials

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Transaction Value£41m
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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China

Friendly

Private

biotechnology company

Minority

Acquisition

Single Bidder

Pending

Biotechnology

Synopsis

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NT Pharma, a pharmaceutical company in China, agreed to acquire a 40% stake in Kangchen, which focuses on the development of special drugs, for $51m. NT Pharma Group claims that the deal will bring about $4.8m in net profit. Proceeds will be used to pay the debt and embark on the partial redemption of the CPS, which is due on June 30, 2020.

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