M&A Deal Summary

Altaris Acquires WuXi AppTec - Advanced Therapies

On December 25, 2024, private equity firm Altaris acquired life science company WuXi AppTec - Advanced Therapies from WuXi AppTec

Acquisition Highlights
  • This is Altaris’ 9th transaction in the Life Science sector.
  • This is Altaris’ 1st transaction in China.

M&A Deal Summary

Date 2024-12-25
Target WuXi AppTec - Advanced Therapies
Sector Life Science
Buyer(s) Altaris
Sellers(s) WuXi AppTec
Deal Type Divestiture

Target

WuXi AppTec - Advanced Therapies

Shanghai, China
WuXi AppTec's Advanced Therapies offers customers a complete cell therapy outsourcing solution, including viral vector manufacturing, cell therapy process development and manufacturing, and biosafety testing.

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Buyer(S) 1

Buyer

Altaris

New York City, New York, United States

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 37 of 37
Sector (Life Science) 9 of 9
Type (Divestiture) 7 of 7
Country (China) 1 of 1
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Minaris

Allendale, New Jersey, United States

Minaris is a cell therapy contract development and manufacturing organization (“CDMO”) that provides autologous and allogeneic manufacturing services for pharmaceutical and biotech customers globally. Minaris was founded in 1999 and is based in Allendale, New Jersey.

Buy -

Seller(S) 1

SELLER

WuXi AppTec

Shanghai, China

Category Company
Founded 2000
Sector Life Science
Employees38,134
Revenue 40.3B CNY (2023)
DESCRIPTION

WuXi AppTec is a provider of pharmaceutical, biotechnology, and medical device companies with a broad and integrated portfolio of laboratory and manufacturing services throughout the drug and medical device R&D process. WuXi AppTec was founded in 2000 and is based in Shanghai, China.


DEAL STATS #
Overall 3 of 4
Sector (Life Science) 3 of 4
Type (Divestiture) 1 of 2
Country (China) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 CANbridge

Suzhou, China

CANbridge is a biotechnology company focused on developing and commercializing rare disease therapeutics in China. CANbridge was founded in 2012 and is based in Suzhou, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-17 WuXi AppTec - Medical Device Testing Operations

Minnesota, United States

WuXi AppTec's Medical Device Testing Operations provides clinical research and testing solutions.

Sell -