Sobi To Go Private In $8.1bn Buyout That Appreciates Growth Strategy

Swedish Firm’s Board, Biggest Shareholder Support Deal

 
• By Mandy Jackson
  
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Agnafit Bidco, comprised of Advent International and an affiliate of GIC Pte Ltd, will pay a premium for the rare disease specialist in an effort to capture value from Sobi’s planned growth.  

Swedish Krona banknotes
Sobi accepted a bid of SEK235 per share; the deal could be derailed if a competing bidder offers SEK251 or more • Source: Alamy

Hemophilia and rare disease specialist Swedish Orphan Biovitrum AB (Sobi) has garnered support from its board of directors and two major investors to take the company private in an $8.1bn buyout that will enable the company to aggressively pursue its growth strategy without pressure from public company investors as it navigates commercial product pressures and potential drug development challenges.

The Sobi board unanimously recommended on 2 September that shareholders accept a SEK69.4bn ($8.1bn) buyout offer from Agnafit Bidco AB,...

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