 |
Sard Verbinnen & Co. and ICR Westwicke, handle Babylon as the London-based digital health company goes public in a SPAC deal valued at $4.2B.
Its stock will trade on the NASDAQ.
The Financial Times noted that Babylon is the latest UK company to spurn a listing on the London Stock Exchange.
Babylon, which is expected to generate $300M revenues this year, provides digital self-care tools to more than 24M people in Europe, US, Canada, Africa and 13 countries in Asia.
CEO Ali Parsa said he founded the company in 2013 to “make quality healthcare accessible and affordable for every person on earth by combining the latest in technology and the best in medical expertise.”
Becoming a public company, he said, “is just another step in our journey.”
Palantir, the US data company that does extensive work in the national defense and security sector, is a strategic investor in Babylon.
Britain’s National Health Services hired Palantir last year to develop a COVID-19 “data store” to manage the distribution of PPE to healthcare facilities.
Sard Verbinnen’s Danya Al-Qattan handles media, while ICR Westwicke’s Bob East deals with investors inquiring about Babylon’s SPAC deal.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
