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New Deal


Announced

Completed

KfW, GSK and QIA lead a $640m financing round in CureVac.

Financials

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Transaction Value£503m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pharmaceuticals

biopharmaceuticals

Germany

Friendly

Minority

Private

Acquisition

Single Bidder

Private Equity

Venture Capital

Completed

Domestic

Synopsis

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KfW Group, a German state-owned development bank, GlaxoSmithKline, a pharmaceutical company and Qatar Investment Authority, led a $640 financing round in CureVac, a clinical-stage biopharmaceutical company. The financing round included previously announced equity investments by the German government via the Kreditanstalt für Wiederaufbau with $343m and GSK with $171m as well as additional new equity investments from Qatar Investment Authority and a group of existing and new investors with approximately $126m. “We are delighted to partner with GSK. With this collaboration, we are gaining a world-class partner whose expertise and global footprint will allow us to further develop and translate the value of our platform into potential products for the world,” Franz-Werner Haas CureVac CEO.

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