Investment Summary

Aisling Capital, KKR and Athyrium Capital Management Invest In BridgeBio

On January 2, 2017, private equity firm Aisling Capital, private equity firm KKR and asset manager Athyrium Capital Management invested in life science company BridgeBio

Investment Highlights
  • This is Aisling Capital’s 28th, KKR’s 9th and Athyrium Capital Management’s 13th transaction in the Life Science sector.
  • This is Aisling Capital’s 37th, KKR’s 94th and Athyrium Capital Management’s 20th transaction in the United States.
  • This is Aisling Capital’s 10th, KKR’s 18th and Athyrium Capital Management’s 6th transaction in California.

Investment Summary

Date 2017-01-02
Target BridgeBio
Sector Life Science
Investor(s) Aisling Capital
KKR
Athyrium Capital Management
Deal Type PIPE

Target

BridgeBio

Palo Alto, California, United States
BridgeBio is an Orphan disease drug platform with a robust portfolio of transformative drug programs that address rare diseases across oncology, cardiology, dermatology, neurology, and endocrinology. BridgeBio was founded in 2015 and is based in Palo Alto, California.

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Investor(S) 3

Investor

Aisling Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Aisling Capital is a private investment firm focused on opportunities in the healthcare and medical technology sectors. The Firm specifically looks to invest in companies developing and commercializing innovative healthcare products, services, and technologies. Aisling Capital looks to commit $20 to $50 million per investment and prefers to be the lead investor. Aisling will consider investing in both public and private companies. Aisling Capital raised its first fund in 2000. The Firm is based in New York City.


DEAL STATS #
Overall 39 of 56
Sector: Life Science M&A 28 of 42
Type: PIPE M&A Deals 4 of 12
State: California M&A 10 of 15
Country: United States M&A 37 of 52
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Ajax Health

Menlo Park, California, United States

Ajax focuses on accelerating innovative medical device technology opportunities that address significant unmet clinical needs. Ajax Health was formed in 2017 and is based in Menlo Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 ZELTIQ Aesthetics

Pleasanton, California, United States

ZELTIQ Aesthetics, Inc. is a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform. ZELTIQ's first commercial product, the CoolSculpting® System, is designed to reduce unwanted fat. CoolSculpting is based on the scientific principle that fat cells are more sensitive to cold than the overlying skin and surrounding tissues.

Sell $2.5B
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 223 of 499
Sector: Life Science M&A 9 of 21
Type: PIPE M&A Deals 13 of 15
State: California M&A 18 of 46
Country: United States M&A 94 of 212
Year: 2017 M&A 3 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Ajax Health

Menlo Park, California, United States

Ajax focuses on accelerating innovative medical device technology opportunities that address significant unmet clinical needs. Ajax Health was formed in 2017 and is based in Menlo Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Slayback Pharma

Princeton, New Jersey, United States

Slayback Pharma is a specialty pharmaceutical company focused on developing, manufacturing, and sourcing complex generic pharmaceutical products, with a specific emphasis on complex injectables and other non-solid oral products. Slayback Pharma was founded in 2011 and is based in Princeton, New Jersey.

Buy -
Investor

Athyrium Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2008
PE ASSETS 4.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Athyrium Capital Management is a large asset manager focused on the healthcare sector. Athyrium invests in a wide range of financial instruments including royalties, structured credit, and equities as well as select special situations. Athyrium Capital was established in 2008 and is headquartered in New York, New York.


DEAL STATS #
Overall 22 of 50
Sector: Life Science M&A 13 of 24
Type: PIPE M&A Deals 2 of 3
State: California M&A 6 of 9
Country: United States M&A 20 of 45
Year: 2017 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Team Health

Knoxville, Tennessee, United States

Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was founded in 1979 and is based in Knoxville, Tennessee.

Buy $6.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 IMC Health Medical Centers

Miami Lakes, Florida, United States

IMC Health Medical Centers is a provider of primary care and specialty services to Medicare, Medicaid and commercial populations through 19 medical centers in Florida. IMC delivers high-quality medical care to thousands of members for numerous managed care organizations. IMC Health Medical Centers was founded in 2004 and is based in Miami Lakes, Florida.

Buy -