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New Deal


Announced

Completed

Illumina Ventures and Mérieux Equity Partners led a $15m Series A round in Broken String Biosciences.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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technology platform

United Kingdom

Minority

Private

Cross Border

Friendly

genomics

gene therapies

Biotechnology

Acquisition

Private Equity

Completed

Single Bidder

Venture Capital

Synopsis

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Illumina Ventures, an independently-managed, healthcare-focused venture firm, and Mérieux Equity Partners, a venture capital and growth equity investments company, led a $15m Series A round in Broken String Biosciences, a genomics company, with participation from HERAN Partners, Tencent and Dieter von Holtzbrinck Ventures. “The gene therapy market, and the essential off-target assessment technology alongside it, is a rapidly growing opportunity. Broken String Biosciences’ team has the technical expertise and resources, paired with its strong connection with a world-leading genomics research institute, to drive this platform forward and transform the way gene editing programs are designed and developed,” Yoann Bonnamour, Mérieux Equity Partners Investment Manager.

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