M&A Deal Summary

Flamingo Therapeutics Acquires Dynacure

On March 2, 2023, Flamingo Therapeutics acquired life science company Dynacure from Andera Partners

Acquisition Highlights
  • This is Flamingo Therapeutics’ 1st transaction in the Life Science sector.
  • This is Flamingo Therapeutics’ 1st transaction in France.

M&A Deal Summary

Date 2023-03-02
Target Dynacure
Sector Life Science
Buyer(s) Flamingo Therapeutics
Sellers(s) Andera Partners
Deal Type Merger

Target

Dynacure

Illkirch-Graffenstaden, France
Dynacure is a biotechnology company developing new treatments for patients affected by serious orphan disorders. Dynacure is based in Illkirch-Graffenstaden, France.

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Buyer(S) 1

Buyer

Flamingo Therapeutics

Leuven, Belgium

Category Company
Sector Life Science
DESCRIPTION

Flamingo Therapeutics is pioneering RNA-targeted therapies for oncology with state-of-the art chemistries and a clinical-stage pipeline targeting undruggable transcription factors and splice variants. Flamingo Therapeutics has a Phase II trial (PEMDA-HN) evaluating the STAT3 targeting agent danvatirsen, in combination with pembrolizumab, in patients with head and neck squamous cell carcinoma (HNSCC). Flamingo Therapeutics is based in Leuven, Belgium.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Andera Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 36 of 51
Sector: Life Science M&A 6 of 9
Type: Merger M&A Deals 1 of 1
Country: France M&A 27 of 40
Year: 2023 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Mineralys

Radnor, Pennsylvania, United States

Mineralys is a clinical-stage biopharmaceutical company focused on developing medicines to target diseases driven by abnormally elevated aldosterone. Its initial product candidate, lorundrostat, is a proprietary, orally administered, highly selective aldosterone synthase inhibitor that the company is initially developing for the treatment of patients with uncontrolled hypertension. Mineralys was founded in 2019 and is based in Radnor, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 Orest

Erstein, France

Orest creates and manufactures Jewellery. Orest was founded in 1963 and is based in Erstein, France.

Sell -