Investment Summary

Exits WuXi AppTec

On August 14, 2007, invested in life science company WuXi AppTec from General Atlantic and Eight Roads

Investment Highlights
  • This is transaction in the Life Science sector.
  • This is transaction in China.
Investment Fate
  • WuXi AppTec was sold to a financial buyer in 2008.

Investment Summary

Date 2007-08-14
Target WuXi AppTec
Sector Life Science
Sellers(s) General Atlantic
Eight Roads
Deal Type IPO

Target

WuXi AppTec

Shanghai, China
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.

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Seller(S) 2

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 29 of 148
Sector (Life Science) 1 of 9
Type (IPO) 11 of 52
Country (China) 2 of 15
Year (2007) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-10 Digital China Holdings

Wan Chai, China

Digital China Holdings is a IT products distributor and IT services provider. Digital China Holdings was founded in 2000 and is based in Wan Chai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-24 Facebook

Menlo Park, California, United States

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.

Buy -
SELLER
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 2 of 100
Sector (Life Science) 1 of 49
Type (IPO) 2 of 47
Country (China) 2 of 15
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 WuXi AppTec

Shanghai, China

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-02 Bikam Pharmaceuticals

Cambridge, Massachusetts, United States

Bikam Pharmaceuticals is a drug discovery company focused on developing novel therapies for diseases of the eye with exceptionally high unmet medical need. Bikam Pharmaceuticals is based in Cambridge, Massachusetts.

Buy -