Announced
Financials
Sources
Tags
Private
Single Bidder
Pharmaceuticals
Acquisition
Pending
Spain
Friendly
biopharma
Majority
Cross Border
Private Equity
Synopsis
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, agreed to acquire a 51% stake ADL Biopharma, a Spanish biopharmaceutical company. Financial terms were not disclosed. The agreement also includes a new tranche of €5m made available at closing by Kartesia for the general corporate purposes of ADL, a commitment by the shareholders to approve a capital increase of at least €10m to be completed before year-end, pro rata of the stake of each party, and the A&E of the senior financing. With immediate effect, ADL Biopharma will operate as an independent entity from ADL Bionatur Solutions.
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