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New Deal


Announced

Tang Capital-backed Concentra Biosciences to acquire Theseus Pharmaceuticals for $188m.

Financials

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Transaction Value£148m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

cancer treatment

Biotechnology

Acquisition

Domestic

Public

Majority

Tender Offer

Pending

Private Equity

Friendly

Single Bidder

Synopsis

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Tang Capital-backed Concentra Biosciences, a biotech company, agreed to acquire Theseus Pharmaceuticals, a clinical-stage biopharmaceutical company, for $188m. Theseus shareholders holding approximately 59% of Theseus common stock have signed support agreements under which such shareholders agreed to tender their shares in the Offer and support the merger.

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