Investment Summary

HBM Partners, Farallon Capital Management, Invus Group, GV Investments and Deerfield Management Invest In Parabilis Medicines

On March 1, 2021, private equity firm HBM Partners, asset manager Farallon Capital Management, private equity firm Invus Group, private equity firm GV Investments and venture capital firm Deerfield Management invested in life science company Parabilis Medicines

Investment Highlights
  • This is HBM Partners’ 48th, Farallon Capital Management’s 2nd, Invus Group’s 1st, GV Investments’ 1st and Deerfield Management’s 2nd transaction in the Life Science sector.
  • This is HBM Partners’ 37th, Farallon Capital Management’s 6th, Invus Group’s 8th, GV Investments’ 1st and Deerfield Management’s 5th transaction in the United States.
  • This is HBM Partners’ 8th, Farallon Capital Management’s 1st, Invus Group’s 1st, GV Investments’ 1st and Deerfield Management’s 1st transaction in Massachusetts.

Investment Summary

Date 2021-03-01
Target Parabilis Medicines
Sector Life Science
Investor(s) HBM Partners
Farallon Capital Management
Invus Group
GV Investments
Deerfield Management
Deal Type Venture

Target

Parabilis Medicines

Cambridge, Massachusetts, United States
Parabilis Medicines is a biopharmaceutical company with a mission to drastically reduce the burden of disease on patients and their families by inventing new types of drugs that squelch abnormal physiological processes in ways previously imagined but considered unattainable. The company is pioneering the discovery, development and commercialization of Helicon peptides, a new drug modality that uniquely combines the cell-permeability and oral dosing optionality of traditional small molecule drugs with the high specificity, broad target accessibility and rapid discovery arc of monoclonal antibody drugs. Parabilis Medicines was founded in 2016 and is based in Cambridge, Massachusetts.

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Investor(S) 5

Investor

HBM Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.1B USD
Size Large
Type Sector Focused
DESCRIPTION

HBM Partners is a private investment firm focused on investing in entrepreneurial biopharma and other healthcare-related companies in Europe, North America, India and other Emerging Markets. HBM looks to invest $5 to $50 million per transaction and will consider private and public companies. HBM Partners was established in 2001 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 55 of 65
Sector: Life Science M&A 48 of 56
Type: Venture M&A Deals 43 of 52
State: Massachusetts M&A 8 of 13
Country: United States M&A 37 of 44
Year: 2021 M&A 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Fore Biotherapeutics

Philadelphia, Pennsylvania, United States

Fore Biotherapeutics is a biotechnology company developing compounds for established oncogene drivers with a high incidence of uncharacterized mutations. Fore Biotherapeutics’ lead program, PLX-8394, is in clinical development for BRAF-mutated tumors without approved therapies. Fore Biotherapeutics was founded in 2011 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 eGenesis

Cambridge, Massachusetts, United States

eGenesis is a biotechnology company using breakthrough gene-editing technologies for the development of safe and effective human-compatible organs, tissues, and cells. eGenesis was founded in 2015 and is based in Cambridge, Massachusetts.

Buy -
Investor

Farallon Capital Management

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1986
Size Large
Type Sector Agnostic
DESCRIPTION

Farallon Capital Management is a private investment firm that targets a variety of investment strategies throughout the world. The Firm pursues investments that include public and private debt and equity securities, direct investments in private companies, and real estate. Farallon is especially interested in investments that include a key event (such as a merger, restructuring, recapitalization or other major change) that has the potential for an appreciation of the value of a particular investment. Farallon's direct investment group makes debt, preferred stock or equity investments in businesses with substantial franchise value, healthy cash flow, and motivated management who have invested alongside the Firm. Farallon Capital Management was formed in 1986 and is based in San Francisco, California.


DEAL STATS #
Overall 9 of 11
Sector: Life Science M&A 2 of 2
Type: Venture M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 BioAtla

San Diego, California, United States

BioAtla is a clinical-stage biopharmaceutical company developing a novel class of highly specific and selective antibody-based therapeutics for the treatment of solid tumor cancer. Its lead product candidate is BA3011, a conditionally active biologic (CAB) antibody-drug conjugate (ADC) for soft tissue and bone sarcoma tumors, non-small cell lung cancer (NSCLC), and other tumor types. BioAtla was founded in 2007 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 GO-JEK

Jakarta, Indonesia

GO-JEK is a mobile application-based platform in Indonesia that provides a range of services such as ride-hailing, food delivery, lifestyle services, and mobile payments. GO-JEK was founded in 2010 and is based in Jakarta, Indonesia.

Sell -
Investor

Invus Group

New York, New York, United States

Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Invus Group is a private, global investment firm that makes equity investments in private and public companies. For private companies, Invus seeks control as well as minority investments in high-growth companies where the firm can add strategic value. For public companies, Invus looks to invest in small to mid-cap stocks that are trading below the firm's assessment of their intrinsic business value. Areas of interest include consumer products and services, food, specialty retail, software, biotech, medical devices and products and services to professionals. Invus typically targets investments in the US, Europe, and Asia. The Invus Group was formed in 1985 and is based in New York City.


DEAL STATS #
Overall 9 of 9
Sector: Life Science M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Bizagi

Tysons, Virginia, United States

Bizagi is an enterprise software company for digital transformation. Bizagi helps organizations to transform into digital businesses. Its process automation platform connects people, applications, devices and information to deliver the engaging experience that today’s customers demand. Bizagi was founded in 1989 and is based in Tysons, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 AirTies

Paris, France

AirTies is a provider of cloud-based managed in-home Wi-Fi solutions, serving internet service providers ("ISPs") with a combined footprint in excess of 80 million households across the world. AirTies was founded in 2004 and is based in Paris, France

Sell -
Investor

GV Investments

Medway, Massachusetts, United States

Investor


Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

GV Investments is a private investment firm that invests in lower middle-market companies experiencing a change in both ownership and operating management. GV looks for companies in traditional industries such as manufacturing, wholesale/distribution and business services. Target companies are generally located in New England and have annual cash-flow of $1 to $10 million. GV will not invest in start-ups, machine/fabrication companies, software businesses, or retail. GV Investments is located in Medway, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
Investor

Deerfield Management

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1994
PE ASSETS 15.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Deerfield Management is a hedge fund sponsor focused on public and private company investments in the healthcare sector. Deerfield was established in 1994 and is headquartered in New York, New York.


DEAL STATS #
Overall 5 of 6
Sector: Life Science M&A 2 of 3
Type: Venture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-05 Endologix

Irvine, California, United States

Endologix is a medical device company dedicated to improving patients’ lives by providing innovative therapies for the interventional treatment of vascular disease. Endologix was founded in 1992 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Adaptive Phage Therapeutics

Gaithersburg, Maryland, United States

Adaptive Phage Therapeutics is a U.S.-based privately-held, clinical-stage biotechnology company developing phage-based therapies to combat bacterial infections. Adaptive Phage Therapeutics is based in Gaithersburg, Maryland.

Sell -