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Announced

Completed

Roivant Sciences went public via a SPAC merger with Montes Archimedes Acquisition in a $7.3bn deal.

Financials

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Transaction Value£5,280m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Majority

De-SPAC

Reverse Takeover

Private Equity

Single Bidder

Pharmaceuticals

drug manufacturing

Switzerland

Merger

Private

Friendly

Acquisition

Completed

Synopsis

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Roivant Sciences, a biopharmaceutical and healthcare technology company, went public via a SPAC merger with Montes Archimedes Acquisition, a special purpose acquisition company sponsored by Patient Square Capital, in a $7.3bn deal. The transaction includes a fully committed $200m PIPE financing from Fidelity Management & Research Company, Eventide Asset Management, Suvretta Capital, RTW Investments, Viking Global Investors, SoftBank Group, Sumitomo Dainippon Pharma and Palantir Technologies. “Roivant was founded to address inefficiencies in the traditional pharma model. As we begin our life as a public company, we now have the opportunity to accelerate that vision and create significant value for patients, shareholders, and society. I would like to thank our new investors for their support as we continue to advance transformational medicines and novel modalities," Matthew Gline, Roivant CEO.

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