Madison Dearborn Partners (MDP) has reached an agreement to purchase a majority interest in Alcami Corp from asset management firm Ares Capital Corp.
Ares Capital is serving as the lead debt financing arranger and will retain a minority equity stake in Madison.
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The transaction is expected to be closed in the third quarter of this year, subject to customary closing conditions.
Madison Dearborn is a private equity firm specialising in leveraged buyouts of privately held companies, while Alcami is a contract pharmaceutical development and manufacturing services provider.
All companies involved in the transaction are based in the US.
William Blair & Company was appointed as the financial adviser to Alcami for the transaction, while Kirkland & Ellis LLP was appointed as the legal adviser to MDP.
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By GlobalDataVersartis has signed a merger agreement with Aravive Biologics to create a clinical-stage biopharmaceutical company focused on the development of innovative oncology therapeutics.
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The transaction will be closed in the second half of 2018, subject to customary closing conditions and other regulatory approvals.
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Denali Therapeutics plans to purchase all outstanding shares in F-star Gamma, pursuant to the option agreement signed in 2016, for a total consideration of $24m and future contingent payments of up to $447m.
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Bio-Techne Corp has signed an agreement to purchase QT Holdings Corp (dba Quad Technologies). Based in the US, Bio-Techne is involved in the development and manufacturing of high-quality purified proteins, while Quad Technologies, also based in the US, is a biotechnology company.
Fredrikson & Byron was appointed as the legal adviser to Bio-Techne for the transaction, while Burns & Levinson was the legal adviser to Quad Technologies.
