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Joele Frank and ICR Healthcare are working the $1.1B deal by GHO Capital Partners and Ampersand Capital Partners to take Avid Bioservices private.
The $12.50 per share offer represents a 22 percent premium to Avid’s 20-day average stock price.
After considering alternatives, Avid’s board determined that the bid “provides stockholders significant, immediate and certain cash value for their shares,” according to Nick Green, Avid’s CEO.
Partnering with Ampersand and GHO “allows us to build on our strong foundation by accessing their significant knowledge base, network and capital to position the business for the future with our customers,” he added.
Avid, which is based in Tustin, CA, provides manufacturing services for the biotechnology and biopharmaceutical sectors.
ICR Healthcare’s Amber Fennell and Kris Lam represent London-based GHO.
Joele Frank, Wilkinson, Brimmer Katcher’s Aaron Palash and Allison Sobel handle media for Avid, while Vida Strategic Partners works the investment beat.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
