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Announced

Completed

Legend Capital led a $224m Series C round in Probio Technology.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

China

Medical Services

technology solutions

health care

Private Equity

Minority

Domestic

Completed

Single Bidder

Acquisition

Private

Venture Capital

Synopsis

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Legend Capital, a VC&PE investor focusing on the early-stage and growth-stage opportunities in China, led a $224m Series C round in Probio Technology, a health care technology solutions provider, with participation from Highlight Capital, Hillhouse, and other institutional investors. ProBio offers end-to-end contract development and manufacturing organization services from drug discovery to commercialization for antibodies, cell and gene therapies. The company said it would use the capital to increase manufacturing capacity, advance its R&D offerings and acquire companies that add services.

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