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Announced

Completed

Drive Capital and Aisling Capital led a $90m Series C funding round in Forge Biologics.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Private

Private Equity

United States

Single Bidder

Minority

Venture Capital

Friendly

biotechnology company

Biotechnology

Domestic

Synopsis

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Drive Capital, a venture capital firm, and Aisling Capital, an investment firm, led a $90m Series C funding round in Forge Biologics. “Forge has grown tremendously over the last two years, hiring experienced talent and scaling the facility, technology, and client offerings according to their unique hybrid business model. We believe that Forge is becoming an established leader in gene therapy manufacturing, consistent with Drive Capital’s focus to build and support market-defining companies,” Molly Bonakdarpour, Drive Capital General Partner.

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