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New Deal


Announced

Biotage to acquire Astrea Bioseparations from KKR-backed Gamma Biosciences for $235m.

Financials

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Transaction Value£196m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Private Equity

Biotechnology

Single Bidder

Pending

Acquisition

biosimilars

Public

Cross Border

Majority

United Kingdom

Synopsis

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Biotage, a life science company, agreed to acquire Astrea Bioseparations, a biotechnology research company, from KKR-backed Gamma Biosciences, a biotechnology company, for $235m. "This move brings together two highly regarded and complementary businesses creating a differentiated player in the field of chromatography. Astrea is quickly becoming one of the leaders in its field with an incredible pipeline of innovation targeting advanced therapeutics. We are excited to join forces with the team at Biotage and leverage the strong foundation that they've established to rapidly grow these businesses together," Matt Gunnison, Gamma Biosciences CEO.

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