Investment Summary

Milestone Venture Group, Temasek Holdings, Eight Roads and Capital Group Private Markets Exits Innovent Biologics

On April 27, 2018, invested in life science company Innovent Biologics from Milestone Venture Group, Temasek Holdings, Eight Roads and Capital Group Private Markets

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

Investment Summary

Date 2018-04-27
Target Innovent Biologics
Sector Life Science
Sellers(s) Milestone Venture Group
Temasek Holdings
Eight Roads
Capital Group Private Markets
Deal Type IPO

Target

Innovent Biologics

Suzhou, China
Innovent Biologics is a biopharmaceutical company in China that develops, manufacture, and commercialize high-quality innovative medicines for the treatment of cancer and other major diseases. Innovent Biologics was founded in 2011 and is based in Suzhou, China.

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Seller(S) 4

SELLER

Milestone Venture Group

Houston, Texas, United States

Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Milestone Venture Group is a private equity investment firm that focuses on acquiring small to mid market companies. Milestone focuses on investments in the Southwest US in sectors including distribution, manufacturing, service, and value-added processing. Milestone's investment horizon is four to six years. The Firm will not invest in start-ups, pure construction companies, real estate projects, energy exploration or high-tech companies where no revenue-producing product or service line exists. Milestone Venture Group is based in Houston, Texas.


DEAL STATS #
Overall 6 of 6
Sector: Life Science M&A 1 of 1
Type: IPO M&A Deals 2 of 2
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Innovent Biologics

Suzhou, China

Innovent Biologics is a biopharmaceutical company in China that develops, manufacture, and commercialize high-quality innovative medicines for the treatment of cancer and other major diseases. Innovent Biologics was founded in 2011 and is based in Suzhou, China.

Buy -
SELLER

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 434.0B SGD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 7 of 20
Sector: Life Science M&A 1 of 3
Type: IPO M&A Deals 3 of 7
Country: China M&A 1 of 1
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Mobike Singapore Pte

Singapore, Singapore

Mobike Singapore Pte Ltd. is a bike sharing service to fulfil urban short trips conveniently, anytime, anywhere, by combining innovation and today’s IoT (Internet of Things) technology. Mobike is green, reduces congestion and continually strives to improve the quality of city life. Mobike provides an affordable means of shared transportation for convenient short urban trips, while reducing congestion and our city's carbon footprint that improves the quality of city life.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Ant Group

Hangzhou, China

Ant Group is focused on serving small and micro enterprises, as well as consumers. Ant Group is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Ant Financial Services Group was founded in 2004 and is based in Hangzhou, China.

Buy -
SELLER

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
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 38 of 124
Sector: Life Science M&A 26 of 51
Type: IPO M&A Deals 22 of 52
Country: China M&A 10 of 19
Year: 2018 M&A 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-19 Surface Oncology

Cambridge, Massachusetts, United States

Surface Oncology is an immuno-oncology company developing next-generation antibody therapies focused on the tumor microenvironment. Its pipeline includes two wholly-owned programs: SRF388, a Phase 2 program targeting IL-27, and SRF114, a Phase 1 program that selectively depletes regulatory T cells in the tumor microenvironment via targeting CCR8. Surface Oncology was founded in 2014 and is based in Cambridge, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Acacia Pharma

Cambridge, United Kingdom

Acacia Pharma is a pharmaceutical company specializing in the development of drugs for cancer supportive care. The growth in the cancer supportive care market has been driven by the increasing incidence of cancer, the expansion of effective cancer therapies and the desire to improve both the effectiveness of treatment and the quality of life of cancer patients. Acacia Pharma was founded in 2007 and is based in Cambridge, United Kingdom.

Sell -
SELLER

Capital Group Private Markets

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Capital Group Private Markets is the direct investment arm of asset manager Capital Group. Capital Group Private Markets pursues expansion stage company investments in emerging markets with a focus on companies that locally dominate their respective markets. Capital Group Private Markets generally seeks minority positions, but will consider select control situations as well. Capital Group Private Markets was formed in 1992 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 3 of 10
Sector: Life Science M&A 1 of 2
Type: IPO M&A Deals 2 of 4
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Zamp

São Paulo, Brazil

Zamp develops, operates, and franchises restaurants under the Burger King and POPEYES names in Brazil. Zamp was founded in 2011 and is based in São Paulo, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Jinxin

Chengdu, China

Jinxin Maternity is a provider of obstetrics, gynecology, neonatal and pediatric care, and in the case of one hospital, psychiatric specialty care. It operates four hospitals based in Chengdu in the Southwest Sichuan province of China.

Buy -