M&A Deal Summary

Syncona Acquires AGTC

On October 24, 2022, Syncona acquired life science company AGTC for 24M USD

Acquisition Highlights
  • This is Syncona’s 1st transaction in the Life Science sector.
  • This is Syncona’s largest (disclosed) transaction.
  • This is Syncona’s 1st transaction in the United States.
  • This is Syncona’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-10-24
Target AGTC
Sector Life Science
Buyer(s) Syncona
Deal Type Add-on Acquisition
Deal Value 24M USD
Advisor(s) MTS Health Partners LP (Financial)
Foley Hoag (Legal)

Target

AGTC

Alachua, Florida, United States
AGTC is a clinical-stage biotechnology company that uses a proprietary gene therapy platform to develop transformational genetic therapies for patients suffering from rare and debilitating diseases. AGTC was founded in 1999 and is based in Alachua, Florida.

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Buyer(S) 1

Buyer

Syncona

London, United Kingdom

Category Company
Sector Business Services
Employees1,050
Revenue 64M GBP (2024)
DESCRIPTION

Syncona is a healthcare company focused on founding, building and funding global leaders in life science. Syncona focus on developing treatments for patients by working in close partnership with world-class academic founders and management teams. Syncona is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Freeline

Stevenage, United Kingdom

Freeline is a clinical-stage biotechnology company focused on developing transformative gene therapies for chronic debilitating diseases. Freeline uses its proprietary, rationally designed AAV vector and capsid (AAVS3), along with novel promoters and transgenes, to deliver a functional copy of a therapeutic gene into human liver cells, thereby expressing a persistent functional level of the missing or dysfunctional protein into a patient’s bloodstream. The company is currently advancing FLT201, a highly differentiated gene therapy candidate that delivers a novel transgene, in a Phase 1/2 clinical trial in people with Gaucher disease type 1. It has additional programs in research, including one focused on GBA1-linked Parkinson’s disease that leverages the same novel transgene as FLT201. Freeline is headquartered in Stevenage, UK, and has operations in the United States.

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