Mubadala Investment Company agreed to acquire €200 million ($235 million) worth of Hamburg-based Evotec shares in a private placement, giving the United Arab Emirates sovereign wealth fund a 5.6% stake in one of Germany's top life sciences firms.
Novo Holdings kicked in an additional €50 million ($58.8 million) in the offering. But Novo is a longtime Evotec investor that brought its stake in the company up to 11% with the transaction, so the headline news here is Mubadala's increasing eagerness to play the biotech trade.
Mubadala CEO Khaldoon Al Mubarak . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
