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PureTech Weighs Up Pros And Cons Of Going Private

 
• By Kevin Grogan

The biotech has rejected a takeover bid from Nordic Capital but a sale to private equity could be a solution to the public market's continued reluctance to adequately value PureTech’s hub-and-spoke business model.

Deal - Yes or No? Spelled out on cubes
Rumors are swirling that Teva is mulling a deal for TAPI • Source: Shutterstock

It looks as though nothing will come of the takeover talks PureTech Health has held with Nordic Capital Epsilon but there is a compelling argument for taking its ‘hub-and-spoke’ business private in these turbulent times for the biotechnology sector.

Key Takeaways
  • PureTech has said no to a proposal from Nordic Capital to sell up
  • The private equity firm will not make a firm offer but leaving the public markets could make sense for PureTech

PureTech confirmed on 7 April that it was in discussions with the private equity firm “regarding a possible cash offer to acquire the entire share capital of the company

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