M&A Deal Summary

Patient Square Capital and BridgeBio Acquire GondolaBio

On August 16, 2024, private equity firm Patient Square Capital and BridgeBio acquired life science company GondolaBio

Acquisition Highlights
  • This is Patient Square Capital’s 3rd and BridgeBio’s 2nd transaction in the Life Science sector.
  • This is Patient Square Capital’s 10th and BridgeBio’s 2nd transaction in the United States.
  • This is Patient Square Capital’s 2nd and BridgeBio’s 2nd transaction in California.

M&A Deal Summary

Date 2024-08-16
Target GondolaBio
Sector Life Science
Buyer(s) Patient Square Capital
BridgeBio
Deal Type Joint Venture

Target

GondolaBio

Palo Alto, California, United States
GondolaBio is a development stage therapeutics company, focused on genetic diseases with high, unmet clinical need. GondolaBio is based in Palo Alto, California.

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Buyer(S) 2

DESCRIPTION

Patient Square Capital is a private investment firm specializing in the healthcare sector. The Firm seeks opportunities to invest broadly across the healthcare industry, including technology-enabled services, biopharmaceuticals, the pharmaceutical value chain, medical devices, diagnostics, providers, digital health and consumer health. Patient Square Capital was formed in 2020 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 10 of 11
Sector (Life Science) 3 of 3
Type (Joint Venture) 1 of 1
State (California) 2 of 2
Country (United States) 10 of 11
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Syneos Health

Morrisville, North Carolina, United States

Syneos Health is a fully integrated biopharmaceutical solutions organization built to accelerate customer success. Syneos Health translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities. Syneos Health was founded in 2010 and is based in Morrisville, North Carolina.

Buy $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Patterson Companies

St. Paul, Minnesota, United States

Patterson Companies is a specialty distributor serving the dental, veterinary, and rehabilitation supply markets. Patterson's largest business unit is Patterson Dental. The company supplies to dentists, dental laboratories, institutions, and other healthcare professionals. It provides consumable products (including x-ray film, restorative materials, hand instruments, and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems; and office forms and stationery. Patterson Companies was founded in 1877 and is based in St. Paul, Minnesota.

Buy $4.1B
Buyer

BridgeBio

Palo Alto, California, United States

Category Company
Founded 2015
Sector Life Science
Employees550
Revenue 9M USD (2023)
DESCRIPTION

BridgeBio is an Orphan disease drug platform with a robust portfolio of transformative drug programs that address rare diseases across oncology, cardiology, dermatology, neurology, and endocrinology. BridgeBio was founded in 2015 and is based in Palo Alto, California.


DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Joint Venture) 1 of 1
State (California) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Eidos Therapeutics

San Francisco, California, United States

Eidos Therapeutics is a biopharmaceutical company developing therapies to treat transthyretin amyloidosis (ATTR), primarily in the heart. Eidos Therapeutics was founded in 2013 and is headquartered in San Francisco, California.

Buy -