M&A Deal Summary

Altimmune Acquires Immune Targeting Systems

On February 17, 2015, Altimmune acquired life science company Immune Targeting Systems from Truffle Capital

Acquisition Highlights
  • This is Altimmune’s 1st transaction in the Life Science sector.
  • This is Altimmune’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-02-17
Target Immune Targeting Systems
Sector Life Science
Buyer(s) Altimmune
Sellers(s) Truffle Capital
Deal Type Add-on Acquisition

Target

Immune Targeting Systems

London, United Kingdom
Immune Targeting Systems Ltd. develops synthetic vaccines for mutating viruses. Immune Targeting Systems enabling the T-cell vaccine platform enables it to target highly conserved parts of the virus (“antigens”) and direct a T-cell immune response to those cells in the body infected with one of these difficult viruses. Immune Targeting Systems was founded in 2003 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Altimmune

Gaithersburg, Maryland, United States

Category Company
Founded 1997
Sector Life Science
Employees59
Revenue 4M USD (2021)
DESCRIPTION

Altimmune is an operator of clinical stage biotechnology company developing next-generation immunotherapeutics and vaccines to address significant public health and biodefense needs. By leveraging specific attributes of its two independent and complementary platform technologies, Altimmune rapidly designs product candidates against a wide range of disease targets, including respiratory diseases, chronic infections, and cancer. Altimmune was incorporated in 1997 and is based in Gaithersburg, Maryland.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-24 Avecia - Biodefense vaccines Business

United States

Buy -

Seller(S) 1

SELLER

Truffle Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 700M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Truffle Capital is a French private equity firm focused on majority investments in life science and information technology companies. Within IT, Truffle seeks businesses dealing in mobile content and connectivity, internet, technical software, IT security, and VOIP. Within the life science sector, the Firm looks at opportunities in therapeutic drugs and vaccines, medical devices, as well as other breakthrough technologies. Truffle Capital was formed in 2001 and is based in Paris.


DEAL STATS #
Overall 15 of 18
Sector: Life Science M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 8
Country: United Kingdom M&A 2 of 2
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Altimmune

Gaithersburg, Maryland, United States

Altimmune is an operator of clinical stage biotechnology company developing next-generation immunotherapeutics and vaccines to address significant public health and biodefense needs. By leveraging specific attributes of its two independent and complementary platform technologies, Altimmune rapidly designs product candidates against a wide range of disease targets, including respiratory diseases, chronic infections, and cancer. Altimmune was incorporated in 1997 and is based in Gaithersburg, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Abivax

Paris, France

Abivax is a clinical-stage company leveraging its antiviral and immune platforms to optimize its drug candidates to cure HIV and treat inflammatory conditions, as well as cancer. Abivax was founded in 2013 and is based in Paris, France.

Sell -