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Announced

Completed

Albacore Capital completed a $200m investment in Babylon.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

digital healthcare

Single Bidder

Acquisition

United Kingdom

Completed

Health Care Services

Majority

Friendly

Synopsis

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Albacore Capital, an alternative investment manager, completed a $200m investment in Babylon, a digital healthcare company. “I am delighted that AlbaCore, with its steadfast focus on Environmental, Social and Governance engagement, is investing in Babylon. ESG is central to Babylon's mission which is to make quality healthcare accessible and affordable for every person on Earth. Whether we are delivering world class health care to the under-served populations of rural America and Rwanda, or committing to Tech Zero to reduce carbon emissions, as a team we are constantly challenging ourselves to do more and better. AlbaCore's commitment to ESG makes it a perfect match for Babylon and I'm delighted to welcome them as an investor," Charlie Steel, Babylon CFO.

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