Macfarlanes advises Caledonia Investments on sale of stake in BioAgilytix to Cinven and subsequent re-investment
15 December 2021Macfarlanes has advised listed investment trust Caledonia Investments on the sale of its stake in BioAgilytix, a US-based pharmaceuticals services business, for $183m (net of fees) as part of the investment into the business by private equity firm Cinven.
Caledonia have re-invested $42m from the proceeds back into BioAgilytix, alongside current majority investor Cobepa and a consortium of other sponsors.
The Macfarlanes team was led by corporate and M&A partner Stephen Drewitt alongside senior solicitor Nicholas Page.
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