Investment Summary

HBM Partners, Vivo Capital and Idinvest Partners Exits IO Biotech

On November 5, 2021, invested in life science company IO Biotech from HBM Partners, Vivo Capital and Idinvest Partners

Investment Highlights
  • This is transaction in the Life Science sector.
  • This is transaction in Denmark.

Investment Summary

Date 2021-11-05
Target IO Biotech
Sector Life Science
Sellers(s) HBM Partners
Vivo Capital
Idinvest Partners
Deal Type IPO

Target

IO Biotech

Copenhagen, Denmark
IO Biotech is a clinical stage biotech company developing disruptive immune therapies for the treatment of cancer. IO Biotech's pipeline of first-in-class immune modulating anti-cancer therapies is based on a unique platform technology enabling the activation of T cells that are specific for immune inhibitory molecules. IO Biotech was founded in 2014 and is based in Copenhagen, Denmark.

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Seller(S) 3

SELLER

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 29 of 38
Sector: Life Science M&A 27 of 34
Type: IPO M&A Deals 25 of 29
Country: Denmark M&A 1 of 1
Year: 2021 M&A 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 Pyxis Oncology

Boston, Massachusetts, United States

Pyxis Oncology specializes in developing a differentiated portfolio of biologics, including antibody-drug conjugates (ADCs) and immunotherapies, to improve the lives of patients with difficult-to-treat cancers. Pyxis Oncology was founded in 2018 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Acrivon

Watertown, Massachusetts, United States

Acrivon is a proprietary, streamlined approach to develop patient selection tumor biopsy tests, called OncoSignature tests. Company’s lead molecule ACR-368 is a potent, selective inhibitor of CHK1 and CHK2 which has shown deep durable single agent activity, including complete responses, in a proportion of patients across several Phase 2 studies of platinum-resistant ovarian cancer and in squamous cell cancers, including anal cancer for which FDA has granted orphan drug designation. Acrivon was founded in 2018 and is based in Watertown, Massachusetts.

Buy -
SELLER

Vivo Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1996
PE ASSETS 6.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Vivo Capital is a healthcare investment firm focused on opportunities throughout the US and China. Specific areas of interest include biopharmaceuticals, specialty pharmaceuticals, and medical devices. The Firm looks to identify and work with companies at the development and commercial stage products in the US and at the revenue stage in China. Vivo Capital was established in 1997 and is headquartered in Palo Alto, California.


DEAL STATS #
Overall 13 of 14
Sector: Life Science M&A 9 of 9
Type: IPO M&A Deals 10 of 10
Country: Denmark M&A 1 of 1
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Minerva Surgical

Santa Clara, California, United States

Minerva Surgical is a medical technology company focused on developing next-generation technology for treating excessive menstrual bleeding. Minerva Surgical was formed in 2008 and is based in Santa Clara, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Sierra Oncology

San Mateo, California, United States

Sierra Oncology is a late-stage biopharmaceutical company based in San Mateo, California, on a mission to deliver targeted therapies that treat rare forms of cancer. Sierra Oncology was formed in 2003 and is based in San Mateo, California.

Sell £1.9B
SELLER

Idinvest Partners

Paris, France

Category Private Equity Firm
Founded 1997
PE ASSETS 7.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Idinvest Partners is a European investment firm focused on investing in small to mid-sized companies at various stages of development. Idinvest segments its investment activity into three groups. These include venture and growth capital, private debt, and dedicated portfolios/funds. Idinvest's venture and growth capital group looks to invest directly in early stage companies with high growth potential. Idinvest's private debt group seeks to provide senior or subordinated debt to small and mid-sized companies pursuing growth objectives. Idinvest's dedicated portfolio/funds group looks to invest in private equity funds, acquire secondary fund positions, and directly co-invest alongside other private equity firms in established companies. Idinvest Partners was formed in 1997 and is based in Paris.


DEAL STATS #
Overall 38 of 38
Sector: Life Science M&A 5 of 5
Type: IPO M&A Deals 10 of 10
Country: Denmark M&A 1 of 1
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 SightCall

San Francisco, California, United States

SightCall provides WebRTC Platform as a Service video calling services. SightCall was founded in 2007 and is based in San Francisco, California.

Sell -