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

Swedish Firm’s Board, Biggest Shareholder Support Deal

 
• By Mandy Jackson

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.

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