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New Deal


Announced

Completed

WuXi AppTec to acquire the remaining stake in Oxford Genetics from Mercia Asset Management for £31m.

Financials

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Transaction Value£30m
Consideration TypeCash
Capital Owned68%
Capital Bid For32%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Single Bidder

Acquisition

Biotechnology

Majority

Private Equity

Completed

United Kingdom

cell and gene therapy

Private

Friendly

Synopsis

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WuXi AppTec, a Chinese provider of R&D- and manufacturing-enabling services in the pharmaceutical, biotechnology and medical device industries, agreed to acquire the remaining stake in Oxford Genetics, a cell and gene therapy provider, from Mercia Asset Management, a regionally focused specialist asset manager, for £31m. "We are delighted to welcome Oxgene to WuXi ATU. By combining WuXi ATU’s world-class cell and gene therapy CTDMO platform with Oxgene’s innovative capabilities, we will be able to provide transformative solutions for our customers. This business combination represents a significant step in our ongoing effort to enable our customers and partners worldwide to deliver more effective and accessible advanced therapies to patients globally," David Chang, WuXi AT CEO.

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