M&A Deal Summary

Vivo Capital, HBM Partners and Ascendis Pharma Acquire Weisheng

On November 8, 2018, growth capital firm Vivo Capital, private equity firm HBM Partners and Ascendis Pharma acquired life science company Weisheng

Acquisition Highlights
  • This is Vivo Capital’s 11th, HBM Partners’ 19th and Ascendis Pharma’s 1st transaction in the Life Science sector.
  • This is Vivo Capital’s 1st, HBM Partners’ 3rd and Ascendis Pharma’s 1st transaction in China.

M&A Deal Summary

Date 2018-11-08
Target Weisheng
Sector Life Science
Buyer(s) Vivo Capital
HBM Partners
Ascendis Pharma
Deal Type Joint Venture

Target

Weisheng

Shanghai, China
Weisheng is a joint venture established to develop, manufacture and commercialize Ascendis’s endocrinology rare disease therapies in the People’s Republic of China, including Hong Kong, Macau, and Taiwan. Weisheng was founded in 2018 and is based in Shanghai, China.

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Buyer(S) 3

Buyer

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 15 of 18
Sector: Life Science M&A 11 of 13
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-02 Tricida

South San Francisco, California, United States

Tricida is a pharmaceutical company focused on developing and commercializing its drug candidate, TRC101, a non-absorbed, orally-administered polymer designed to treat metabolic acidosis in patients with chronic kidney disease (CKD). Tricida was founded in 2013 and is based in South San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-04 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.

Buy -
Buyer

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 25 of 65
Sector: Life Science M&A 19 of 56
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 3 of 7
Year: 2018 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-12 Cardialen

Minneapolis, Minnesota, United States

Cardialen is an early-stage medical device company dedicated to advancing implantable cardioversion and defibrillation using low energy for use as a first-line therapy to restore normal heart rhythm and may reduce the potential for high-energy defibrillation shocks. Cardialen was founded in 2008 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Adrenomed

Berlin, Germany

Adrenomed is a privately-financed, clinical-stage biopharmaceutical company with a clear mission: to rescue vascular integrity in order to save the lives of critically ill patients with limited treatment options. Adrenomed was founded in 2009 and is based in Berlin, Germany.

Buy -
Buyer

Ascendis Pharma

Hellerup, Denmark

Category Company
Founded 2006
Sector Life Science
Employees1,017
Revenue 364M EUR (2024)
DESCRIPTION

Ascendis Pharma is a pharmaceutical company developing improved, patentable versions of high-value drugs. The company’s proprietary TransCon technology is used to generate drug candidates that are more effective and have lower risk than existing drugs, and have new patent life. Ascendis Pharma was founded in 2006 and is based in Hellerup, Denmark.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 1