Investment Summary

GIMV Invests In Covagen AG

On September 12, 2013, private equity firm GIMV invested in life science company Covagen AG

Investment Highlights
  • This is GIMV’s 12th transaction in the Life Science sector.
  • This is GIMV’s 2nd transaction in Switzerland.
Investment Fate
  • Covagen AG was sold to a strategic buyer in 2014.

Investment Summary

Date 2013-09-12
Target Covagen AG
Sector Life Science
Investor(s) GIMV
Deal Type Venture

Target

Covagen AG

Zurich, Switzerland
Covagen is a clinical stage company that develops bispecific FynomAbs by fusing its human Fynomer® binding proteins to antibodies, resulting in therapeutics with novel modes of action and enhanced efficacy. Our current pipeline is focussed on the treatment of inflammatory diseases and cancer. The ability to fuse Fynomers to multiple sites on an antibody allows Covagen to create FynomAbs with tailored architectures to maximize efficacy.

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Investor(S) 1

Investor

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 83 of 170
Sector: Life Science M&A 12 of 24
Type: Venture M&A Deals 26 of 39
Country: Switzerland M&A 2 of 5
Year: 2013 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Astex Pharmaceuticals

Dublin, California, United States

Astex Pharmaceuticals, Inc. is a provider of drug discovery, development and commercialization, committed to the fight against cancer and other life threatening diseases.

Sell $886M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-27 Almaviva Sante

Puyrucard, France

Almaviva Sante is a provider of healthcare services to regional centers of expertise (e.g. orthopedics, ophthalmology, cardiology, dialysis). Almaviva was founded in 2007 and is based in Puyrucard, France.

Buy -