M&A Deal Summary

Ascendent Capital Partners Acquires SciClone Pharmaceuticals

On June 8, 2017, private equity firm Ascendent Capital Partners acquired life science company SciClone Pharmaceuticals for 605M USD

Acquisition Highlights
  • This is Ascendent Capital Partners’ 1st transaction in the Life Science sector.
  • This is Ascendent Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Ascendent Capital Partners’ 1st transaction in the United States.
  • This is Ascendent Capital Partners’ 1st transaction in California.

M&A Deal Summary
Date 2017-06-08
Target SciClone Pharmaceuticals
Sector Life Science
Buyer(s) Ascendent Capital Partners
Deal Type Going Private
Deal Value 605M USD
Advisor(s) Lazard Ltd. (Financial)
DLA Piper (Legal)

Target

SciClone Pharmaceuticals

Foster City, California, United States
website
SciClone Pharmaceuticals is a specialty pharmaceutical company with a substantial commercial business in China and a product portfolio spanning major therapeutic markets including oncology, infectious diseases and cardiovascular disorders. SciClone's proprietary lead product, ZADAXIN® (thymalfasin), is approved in over 30 countries and may be used for the treatment of hepatitis B (HBV), hepatitis C (HCV), and certain cancers, and as an immune system enhancer, according to the local regulatory approvals. SciClone Pharmaceuticals was founded in 1989 and is based in Foster City, California.

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Buyer(S) 1

Buyer

Ascendent Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ascendent Capital Partners is a private equity firm focused on acquiring and investing in China-related companies. The Firm looks to leverage its network and experience when working with and helping companies grow. Ascendant Capital Partners has offices in Shanghai and Hong Kong.

DEAL STATS #
Overall 2 of 4
Sector (Life Science) 1 of 1
Type (Going Private) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Meituan

Beijing, China

Meituan was founded as China's first groupbuy website and is China's largest provider for local services with over 130 million annual active purchasers. Meituan currently operates its businesses through three business units: Customers to Shop, Hotel Tourism and Home Delivery Service, and a subsidiary Maoyan Movie. Customers to Shop business includes supports local merchants to promote marketing and management ability. Meituan was founded in 2003 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Meituan

Beijing, China

Meituan was founded as China's first groupbuy website and is China's largest provider for local services with over 130 million annual active purchasers. Meituan currently operates its businesses through three business units: Customers to Shop, Hotel Tourism and Home Delivery Service, and a subsidiary Maoyan Movie. Customers to Shop business includes supports local merchants to promote marketing and management ability. Meituan was founded in 2003 and is based in Beijing, China.

Sell -
Mergr

Product

Company

Legal